Lakshmi Electric Control
Blue Star
Zee Entertainment
Grey Market - Shriram EPC, IRB Infrastructure, Reliance Power
Post Session Commentary - Jan 31 2008
Market Close: No surprise even after Fed cut
Sensex sheds 110 points
Jubilant Organosys, Gateway Distriparks, Container Corporation,Cummins India, Blue Star, Crompton Greaves, IOB
ICICI Bank, Bank of Baroda, Subros, Bajaj Auto, Elder Pharma, Indian Hotels, Indotech Transformers, Crompton Greaves, Bharti Airtel
Long Term Recommendations - Jan 31 2008
Reliance Power Allotment Status
Cummins India
Fed cuts rates again
Tulsi Extrusions IPO Analysis
Exide Industries
Glaxo, Gwalior Chemical, SAIL, Subros, Yes Bank
Sterlite Industries,Nalco, Maruti Suzuki, Asian Paints, Jagran Prakashan, Suzlon Energy, Tata Tea, Zee Entertainment, Mahindra Lifespace, Economy
Ashok Leyland, Indoco Remedies, Tulip IT, BHEL
Zensar Technologies, Aztec, Subex , DCHL, Suzlon Energy, Voltamp, Thermax, Shoppers' Stop
Source: www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
31 January 2008
Indian economy booms at 9.6% in 2006-07
Indian economy booms at 9.6% in 2006-07
GDP records impressive growth of 9.6% in 2006-07
Recording another year of impressive performance, the economy grew by 9.6 per cent during 2006-07, leading to over 14 per cent increase in the per capital income, the government announced on Thursday.
The improved growth in the GDP, up from 9.4 per cent in 2005-06, has been achieved due to all around improvement in mining, manufacturing and services sectors, which helped to offset the slower growth in agriculture sector, according to the quick estimates released by the Central Statistical Organisation (CSO).
While agriculture sector grew by 3.8 per cent, down from 6.1 per cent, manufacturing sector recorded 12 per cent growth, which is substantially higher than 9 per cent growth recorded in the previous year.
Likewise, mining and quarrying sector growth also improved from 4.9 per cent to 5.7 per cent, according to quick estimates for national income, consumption, expenditure, saving and capital formation.
The impressive showing was also reflected in improvement in per capital income, which increased to Rs 29,642 from Rs 25,956 during 2005-06.
The overall improvement in the performance could also be attributed to an impressive 35.9 per cent growth in capital formation that stood at Rs 14,87,786 crore (Rs 14.87786 trillion) during 2006-07.
Such higher level of investment was made possible by a significant 34.3 per cent increase in domestic savings that were estimated at Rs 14,41,423 crore (Rs 14.41423 trillion) during 2006-07 at current prices.
As per the revised figures of GDP released on Thursday, the economy grew by 9.6 per cent in 2006-07, against previous estimate of 9.4 per cent. The GDP growth figures for 2005-06 has also been revised upward from 9 per cent to 9.4 per cent.
In the current financial year, the economy grew by 9.3 per cent in the first quarter and 8.9 per cent in the second quarter.
For 2006-07,the construction sector growth has been revised upward to 12 per cent, against 10.7 per cent estimated earlier.
At constant prices (1999-00), the share of agriculture, forestry and fishing in the GDP stood at 18.5 per cent in 2006-07, down from 19.6 per cent in the previous year. Meanwhile, the share of manufacturing sector in GDP rose to 15.4 per cent, up from 15.1 per cent during the same period.
The share of financing, insurance and real estate in the GDP also increased to 14.3 per cent in 2006-07, compared to 13.8 per cent in the previous year.
At current prices, share of food items in private final consumption expenditure stood at 36.4 per cent in 2006-07, marginally up from 36.3 per cent in 2005-06.
Meanwhile, share of transport and communication went up to 17.5 per cent from 17.3 per cent during the same period, while share of gross rent, fuel and power consumption declined from 12.6 per cent in 2005-06 to 12 per cent in 2006-07.
Source: 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.
GDP records impressive growth of 9.6% in 2006-07
Recording another year of impressive performance, the economy grew by 9.6 per cent during 2006-07, leading to over 14 per cent increase in the per capital income, the government announced on Thursday.
The improved growth in the GDP, up from 9.4 per cent in 2005-06, has been achieved due to all around improvement in mining, manufacturing and services sectors, which helped to offset the slower growth in agriculture sector, according to the quick estimates released by the Central Statistical Organisation (CSO).
While agriculture sector grew by 3.8 per cent, down from 6.1 per cent, manufacturing sector recorded 12 per cent growth, which is substantially higher than 9 per cent growth recorded in the previous year.
Likewise, mining and quarrying sector growth also improved from 4.9 per cent to 5.7 per cent, according to quick estimates for national income, consumption, expenditure, saving and capital formation.
The impressive showing was also reflected in improvement in per capital income, which increased to Rs 29,642 from Rs 25,956 during 2005-06.
The overall improvement in the performance could also be attributed to an impressive 35.9 per cent growth in capital formation that stood at Rs 14,87,786 crore (Rs 14.87786 trillion) during 2006-07.
Such higher level of investment was made possible by a significant 34.3 per cent increase in domestic savings that were estimated at Rs 14,41,423 crore (Rs 14.41423 trillion) during 2006-07 at current prices.
As per the revised figures of GDP released on Thursday, the economy grew by 9.6 per cent in 2006-07, against previous estimate of 9.4 per cent. The GDP growth figures for 2005-06 has also been revised upward from 9 per cent to 9.4 per cent.
In the current financial year, the economy grew by 9.3 per cent in the first quarter and 8.9 per cent in the second quarter.
For 2006-07,the construction sector growth has been revised upward to 12 per cent, against 10.7 per cent estimated earlier.
At constant prices (1999-00), the share of agriculture, forestry and fishing in the GDP stood at 18.5 per cent in 2006-07, down from 19.6 per cent in the previous year. Meanwhile, the share of manufacturing sector in GDP rose to 15.4 per cent, up from 15.1 per cent during the same period.
The share of financing, insurance and real estate in the GDP also increased to 14.3 per cent in 2006-07, compared to 13.8 per cent in the previous year.
At current prices, share of food items in private final consumption expenditure stood at 36.4 per cent in 2006-07, marginally up from 36.3 per cent in 2005-06.
Meanwhile, share of transport and communication went up to 17.5 per cent from 17.3 per cent during the same period, while share of gross rent, fuel and power consumption declined from 12.6 per cent in 2005-06 to 12 per cent in 2006-07.
Source: 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 extends losing streak, ends 110 points
Sensex extends losing streak, ends 110
Sensex falls 110 points; realty, banking
NSE
5137.45 -30.15
BSE
17648.71 -109.93
The market, which drifted down sharply into the red after opening higher, bounced back smartly as select blue chips, led by information technology and oil majors, ruled firm on sustained buying enquiries due largely to short-covering in the derivative segment ahead of expiry of January series contracts.
Mirroring the surge, the Sensex, which was down in the red with a big loss of nearly 350 points at 17,417.63 at one stage, zoomed past the 18,000 mark a little past noon and held on in the positive territory with its gains intact till around mid afternoon. However, with a number of front line stocks turning easy following a strong bout of selling in late afternoon trade, the barometer plunged into the red once again.
Finally, amid erratic fluctuations in stock prices, the Sensex ended the session with a sharp loss of 109.93 points or 0.62% at 17,648.71. The Nifty which swung in a range of around 180 points - it hit a high of 5251.65 and a low of 5071.15 today - settled at 5137.45 with a loss of 0.58% or 30.15 points.
Global cues were somewhat mixed. Despite a 50 basis point cut announced by the US Federal Reserve, the Wall Street had ended just marginally higher. Among the markets in Asia, Japan, South Korea, Thailand and Malaysia ended higher while Taiwan, China and Hong Kong markets ended weak. Results from India Inc remained mixed as well.
Hindustan Unilever, which moved up by over 5%, was the top gainer in the Sensex today. Bajaj Auto surged 3.85% to Rs 2355.65. HDFC Bank and ONGC closed stronger by 2.4% and 2.05% respectively despite surrendering a good portion of their intra-day gains.
Tata Motors, Bharti Airtel, Tata Steel, Tata Consultancy Services and Ambuja Cements closed with gains ranging from 1% to 1.5%. Infosys Technologies and Reliance Industries played a significant role in lifting the market this morning but both gave up a significant portion of their gains due to heavy selling in late afternoon trade. While Infosys Technologies ended with a gain of 0.75%, Reliance Industries closed with a modest gain of 0.4%. Maruti Suzuki and Wipro closed higher by 0.75% and 0.3% respectively.
Disappointing results haunted Hindalco today. The stock, which slipped to a low of Rs 158.50 did find some support at lower levels, yet ended the session with a sharp loss of 5.85% at Rs 165.75. Realty stock DLF eased by 5.75%. ICICI Bank (down 3.3%), Mahindra & Mahindra (down 3.1%), State Bank of India (down 2.6%), ITC (down 2.15%), NTPC (down 1.85%), ACC (down 1.8%), HDFC (down 1.75%) and Reliance Communications (down 1.7%) also ended with sharp losses.
Grasim Industries ended 1.4% down at Rs 2948.75. BHEL, which moved in a tight band today, closed with a loss of 1.15% at Rs 2064.10. Ranbaxy Laboratories lost 1.15%. Larsen & Toubro declined by 0.7% while Reliance Energy and Satyam Computer Services edged lower by around 0.4%. Cipla finished with a small loss.
GlaxoSmithKline Pharma, HCL Technologies, GAIL India, Punjab National Bank, Tata Power, Siemens, ABB, Sterlite Industries, Suzlon Energy, SAIL, Sun Pharmaceuticals, Reliance Petroleum and Dr. Reddy's Laboratories were among the major losers from the Nifty.
Nalco ended with a handsome gain of 8.5%. Idea Cellular moved up by 7.15%. VSNL closed with a sharp gain of 4.65% while Zee Entertainment gained over 4%.
Container Corporation jumped 14.25% on strong results and a bonus proposal. Exide Industries, Jindal Stainless, Asian Paints, Indian Oil Corporation, IVR Prime, Jindal Steel, Gujarat Mineral Development, Lupin, Gillette, Torrent Pharma, Colgate Palmolive, Aditya Birla Nuvo, D-Link India, Procter & Gamble and United Phosphorus had a nice ride up the charts today.
Honeywell Automation, Ess Dee Aluminium, Rajesh Exports, Infotech Enterprises, Amtek India, Plethico Pharma, Indraprastha Gas, Provogue, Anant Raj Industries, JM Financial Services, Kalpataru Power Transmission, Geodesic Infosystems, REI Agro, Himadri Chemicals and Religare Enterprises were some of the impressive gainers in the midcap index today.
The market breadth was weak once again. Out of 2792 stocks traded on BSE today, only 977 stocks managed to end on a winning note. 1774 stocks closed in the negative territory while 41 stocks ended at their previous closing levels.
The market, which drifted down sharply into the red after opening higher, bounced back smartly as select blue chips, led by information technology and oil majors, ruled firm on sustained buying enquiries due largely to short-covering in the derivative segment ahead of expiry of January series contracts.
Mirroring the surge, the Sensex, which was down in the red with a big loss of nearly 350 points at 17,417.63 at one stage, zoomed past the 18,000 mark a little past noon and held on in the positive territory with its gains intact till around mid afternoon. However, with a number of front line stocks turning easy following a strong bout of selling in late afternoon trade, the barometer plunged into the red once again.
Finally, amid erratic fluctuations in stock prices, the Sensex ended the session with a sharp loss of 109.93 points or 0.62% at 17,648.71. The Nifty which swung in a range of around 180 points - it hit a high of 5251.65 and a low of 5071.15 today - settled at 5137.45 with a loss of 0.58% or 30.15 points.
Global cues were somewhat mixed. Despite a 50 basis point cut announced by the US Federal Reserve, the Wall Street had ended just marginally higher. Among the markets in Asia, Japan, South Korea, Thailand and Malaysia ended higher while Taiwan, China and Hong Kong markets ended weak. Results from India Inc remained mixed as well.
Hindustan Unilever, which moved up by over 5%, was the top gainer in the Sensex today. Bajaj Auto surged 3.85% to Rs 2355.65. HDFC Bank and ONGC closed stronger by 2.4% and 2.05% respectively despite surrendering a good portion of their intra-day gains.
Tata Motors, Bharti Airtel, Tata Steel, Tata Consultancy Services and Ambuja Cements closed with gains ranging from 1% to 1.5%. Infosys Technologies and Reliance Industries played a significant role in lifting the market this morning but both gave up a significant portion of their gains due to heavy selling in late afternoon trade. While Infosys Technologies ended with a gain of 0.75%, Reliance Industries closed with a modest gain of 0.4%. Maruti Suzuki and Wipro closed higher by 0.75% and 0.3% respectively.
Disappointing results haunted Hindalco today. The stock, which slipped to a low of Rs 158.50 did find some support at lower levels, yet ended the session with a sharp loss of 5.85% at Rs 165.75. Realty stock DLF eased by 5.75%. ICICI Bank (down 3.3%), Mahindra & Mahindra (down 3.1%), State Bank of India (down 2.6%), ITC (down 2.15%), NTPC (down 1.85%), ACC (down 1.8%), HDFC (down 1.75%) and Reliance Communications (down 1.7%) also ended with sharp losses.
Grasim Industries ended 1.4% down at Rs 2948.75. BHEL, which moved in a tight band today, closed with a loss of 1.15% at Rs 2064.10. Ranbaxy Laboratories lost 1.15%. Larsen & Toubro declined by 0.7% while Reliance Energy and Satyam Computer Services edged lower by around 0.4%. Cipla finished with a small loss.
GlaxoSmithKline Pharma, HCL Technologies, GAIL India, Punjab National Bank, Tata Power, Siemens, ABB, Sterlite Industries, Suzlon Energy, SAIL, Sun Pharmaceuticals, Reliance Petroleum and Dr. Reddy's Laboratories were among the major losers from the Nifty.
Nalco ended with a handsome gain of 8.5%. Idea Cellular moved up by 7.15%. VSNL closed with a sharp gain of 4.65% while Zee Entertainment gained over 4%.
Container Corporation jumped 14.25% on strong results and a bonus proposal. Exide Industries, Jindal Stainless, Asian Paints, Indian Oil Corporation, IVR Prime, Jindal Steel, Gujarat Mineral Development, Lupin, Gillette, Torrent Pharma, Colgate Palmolive, Aditya Birla Nuvo, D-Link India, Procter & Gamble and United Phosphorus had a nice ride up the charts today.
Honeywell Automation, Ess Dee Aluminium, Rajesh Exports, Infotech Enterprises, Amtek India, Plethico Pharma, Indraprastha Gas, Provogue, Anant Raj Industries, JM Financial Services, Kalpataru Power Transmission, Geodesic Infosystems, REI Agro, Himadri Chemicals and Religare Enterprises were some of the impressive gainers in the midcap index today.
The market breadth was weak once again. Out of 2792 stocks traded on BSE today, only 977 stocks managed to end on a winning note. 1774 stocks closed in the negative territory while 41 stocks ended at their previous closing levels.
Sify stories:
Omaxe Q3 net at Rs 154.157 cr
Unitech to invest Rs 1,00,000 cr in real estate
Tata Motors Q3 net profit dips 3%
ACC Q3 net up 15.14% at Rs 1427.34 cr
National Fertilizers Q3 net up 28.34% at Rs 47 cr
Hero Honda Q3 net up 32%
Birla Corporation Q3 net up 11.83% at Rs 106.40 cr
Tata Chemicals buys US firm for a $1 b
Economic growth will top 9%: Chidambaram
Parsvnath Developers Q3 net at Rs 112.571 cr
Reliance Comm Q3 net up 49%, beats forecast
GDP records impressive growth of 9.6% in 2006-07
UTV among 34 FDI proposals cleared
49% foreign investment in credit info cos allowed
Bank of Baroda Q3 net grows 52% at Rs 501 cr
Prithvi Info Q3 net rises
US Fed fixes interest rate at 3.0 percent
Source: www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex falls 110 points; realty, banking
NSE
5137.45 -30.15
BSE
17648.71 -109.93
The market, which drifted down sharply into the red after opening higher, bounced back smartly as select blue chips, led by information technology and oil majors, ruled firm on sustained buying enquiries due largely to short-covering in the derivative segment ahead of expiry of January series contracts.
Mirroring the surge, the Sensex, which was down in the red with a big loss of nearly 350 points at 17,417.63 at one stage, zoomed past the 18,000 mark a little past noon and held on in the positive territory with its gains intact till around mid afternoon. However, with a number of front line stocks turning easy following a strong bout of selling in late afternoon trade, the barometer plunged into the red once again.
Finally, amid erratic fluctuations in stock prices, the Sensex ended the session with a sharp loss of 109.93 points or 0.62% at 17,648.71. The Nifty which swung in a range of around 180 points - it hit a high of 5251.65 and a low of 5071.15 today - settled at 5137.45 with a loss of 0.58% or 30.15 points.
Global cues were somewhat mixed. Despite a 50 basis point cut announced by the US Federal Reserve, the Wall Street had ended just marginally higher. Among the markets in Asia, Japan, South Korea, Thailand and Malaysia ended higher while Taiwan, China and Hong Kong markets ended weak. Results from India Inc remained mixed as well.
Hindustan Unilever, which moved up by over 5%, was the top gainer in the Sensex today. Bajaj Auto surged 3.85% to Rs 2355.65. HDFC Bank and ONGC closed stronger by 2.4% and 2.05% respectively despite surrendering a good portion of their intra-day gains.
Tata Motors, Bharti Airtel, Tata Steel, Tata Consultancy Services and Ambuja Cements closed with gains ranging from 1% to 1.5%. Infosys Technologies and Reliance Industries played a significant role in lifting the market this morning but both gave up a significant portion of their gains due to heavy selling in late afternoon trade. While Infosys Technologies ended with a gain of 0.75%, Reliance Industries closed with a modest gain of 0.4%. Maruti Suzuki and Wipro closed higher by 0.75% and 0.3% respectively.
Disappointing results haunted Hindalco today. The stock, which slipped to a low of Rs 158.50 did find some support at lower levels, yet ended the session with a sharp loss of 5.85% at Rs 165.75. Realty stock DLF eased by 5.75%. ICICI Bank (down 3.3%), Mahindra & Mahindra (down 3.1%), State Bank of India (down 2.6%), ITC (down 2.15%), NTPC (down 1.85%), ACC (down 1.8%), HDFC (down 1.75%) and Reliance Communications (down 1.7%) also ended with sharp losses.
Grasim Industries ended 1.4% down at Rs 2948.75. BHEL, which moved in a tight band today, closed with a loss of 1.15% at Rs 2064.10. Ranbaxy Laboratories lost 1.15%. Larsen & Toubro declined by 0.7% while Reliance Energy and Satyam Computer Services edged lower by around 0.4%. Cipla finished with a small loss.
GlaxoSmithKline Pharma, HCL Technologies, GAIL India, Punjab National Bank, Tata Power, Siemens, ABB, Sterlite Industries, Suzlon Energy, SAIL, Sun Pharmaceuticals, Reliance Petroleum and Dr. Reddy's Laboratories were among the major losers from the Nifty.
Nalco ended with a handsome gain of 8.5%. Idea Cellular moved up by 7.15%. VSNL closed with a sharp gain of 4.65% while Zee Entertainment gained over 4%.
Container Corporation jumped 14.25% on strong results and a bonus proposal. Exide Industries, Jindal Stainless, Asian Paints, Indian Oil Corporation, IVR Prime, Jindal Steel, Gujarat Mineral Development, Lupin, Gillette, Torrent Pharma, Colgate Palmolive, Aditya Birla Nuvo, D-Link India, Procter & Gamble and United Phosphorus had a nice ride up the charts today.
Honeywell Automation, Ess Dee Aluminium, Rajesh Exports, Infotech Enterprises, Amtek India, Plethico Pharma, Indraprastha Gas, Provogue, Anant Raj Industries, JM Financial Services, Kalpataru Power Transmission, Geodesic Infosystems, REI Agro, Himadri Chemicals and Religare Enterprises were some of the impressive gainers in the midcap index today.
The market breadth was weak once again. Out of 2792 stocks traded on BSE today, only 977 stocks managed to end on a winning note. 1774 stocks closed in the negative territory while 41 stocks ended at their previous closing levels.
The market, which drifted down sharply into the red after opening higher, bounced back smartly as select blue chips, led by information technology and oil majors, ruled firm on sustained buying enquiries due largely to short-covering in the derivative segment ahead of expiry of January series contracts.
Mirroring the surge, the Sensex, which was down in the red with a big loss of nearly 350 points at 17,417.63 at one stage, zoomed past the 18,000 mark a little past noon and held on in the positive territory with its gains intact till around mid afternoon. However, with a number of front line stocks turning easy following a strong bout of selling in late afternoon trade, the barometer plunged into the red once again.
Finally, amid erratic fluctuations in stock prices, the Sensex ended the session with a sharp loss of 109.93 points or 0.62% at 17,648.71. The Nifty which swung in a range of around 180 points - it hit a high of 5251.65 and a low of 5071.15 today - settled at 5137.45 with a loss of 0.58% or 30.15 points.
Global cues were somewhat mixed. Despite a 50 basis point cut announced by the US Federal Reserve, the Wall Street had ended just marginally higher. Among the markets in Asia, Japan, South Korea, Thailand and Malaysia ended higher while Taiwan, China and Hong Kong markets ended weak. Results from India Inc remained mixed as well.
Hindustan Unilever, which moved up by over 5%, was the top gainer in the Sensex today. Bajaj Auto surged 3.85% to Rs 2355.65. HDFC Bank and ONGC closed stronger by 2.4% and 2.05% respectively despite surrendering a good portion of their intra-day gains.
Tata Motors, Bharti Airtel, Tata Steel, Tata Consultancy Services and Ambuja Cements closed with gains ranging from 1% to 1.5%. Infosys Technologies and Reliance Industries played a significant role in lifting the market this morning but both gave up a significant portion of their gains due to heavy selling in late afternoon trade. While Infosys Technologies ended with a gain of 0.75%, Reliance Industries closed with a modest gain of 0.4%. Maruti Suzuki and Wipro closed higher by 0.75% and 0.3% respectively.
Disappointing results haunted Hindalco today. The stock, which slipped to a low of Rs 158.50 did find some support at lower levels, yet ended the session with a sharp loss of 5.85% at Rs 165.75. Realty stock DLF eased by 5.75%. ICICI Bank (down 3.3%), Mahindra & Mahindra (down 3.1%), State Bank of India (down 2.6%), ITC (down 2.15%), NTPC (down 1.85%), ACC (down 1.8%), HDFC (down 1.75%) and Reliance Communications (down 1.7%) also ended with sharp losses.
Grasim Industries ended 1.4% down at Rs 2948.75. BHEL, which moved in a tight band today, closed with a loss of 1.15% at Rs 2064.10. Ranbaxy Laboratories lost 1.15%. Larsen & Toubro declined by 0.7% while Reliance Energy and Satyam Computer Services edged lower by around 0.4%. Cipla finished with a small loss.
GlaxoSmithKline Pharma, HCL Technologies, GAIL India, Punjab National Bank, Tata Power, Siemens, ABB, Sterlite Industries, Suzlon Energy, SAIL, Sun Pharmaceuticals, Reliance Petroleum and Dr. Reddy's Laboratories were among the major losers from the Nifty.
Nalco ended with a handsome gain of 8.5%. Idea Cellular moved up by 7.15%. VSNL closed with a sharp gain of 4.65% while Zee Entertainment gained over 4%.
Container Corporation jumped 14.25% on strong results and a bonus proposal. Exide Industries, Jindal Stainless, Asian Paints, Indian Oil Corporation, IVR Prime, Jindal Steel, Gujarat Mineral Development, Lupin, Gillette, Torrent Pharma, Colgate Palmolive, Aditya Birla Nuvo, D-Link India, Procter & Gamble and United Phosphorus had a nice ride up the charts today.
Honeywell Automation, Ess Dee Aluminium, Rajesh Exports, Infotech Enterprises, Amtek India, Plethico Pharma, Indraprastha Gas, Provogue, Anant Raj Industries, JM Financial Services, Kalpataru Power Transmission, Geodesic Infosystems, REI Agro, Himadri Chemicals and Religare Enterprises were some of the impressive gainers in the midcap index today.
The market breadth was weak once again. Out of 2792 stocks traded on BSE today, only 977 stocks managed to end on a winning note. 1774 stocks closed in the negative territory while 41 stocks ended at their previous closing levels.
Sify stories:
Omaxe Q3 net at Rs 154.157 cr
Unitech to invest Rs 1,00,000 cr in real estate
Tata Motors Q3 net profit dips 3%
ACC Q3 net up 15.14% at Rs 1427.34 cr
National Fertilizers Q3 net up 28.34% at Rs 47 cr
Hero Honda Q3 net up 32%
Birla Corporation Q3 net up 11.83% at Rs 106.40 cr
Tata Chemicals buys US firm for a $1 b
Economic growth will top 9%: Chidambaram
Parsvnath Developers Q3 net at Rs 112.571 cr
Reliance Comm Q3 net up 49%, beats forecast
GDP records impressive growth of 9.6% in 2006-07
UTV among 34 FDI proposals cleared
49% foreign investment in credit info cos allowed
Bank of Baroda Q3 net grows 52% at Rs 501 cr
Prithvi Info Q3 net rises
US Fed fixes interest rate at 3.0 percent
Source: www.sify.com/finance . 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.
30 January 2008
ET and MC top stories
http://economictimes.indiatimes.com/
India to add $100 bn to forex reserve in '08
Plan a basket of debt instruments
SEBI to make close-ended MF schemes attractive
--------------------------------------------
TN Govt warns MRF unit takeover if lockout not lifted
Mittal, Ambanis, Premji score high on wealth charts
Essar to raise $2 bn, ramp up unit by March
Tatas may get full control of Jaguar, Land Rover
Marico Industries reports impressive numbers for Dec quarter
Bharti Airtel gets additional spectrum in five circles
Reddy tells banks to cut interest rates
RBI tells banks to shed gilts and lend to job creators
RBI warns of overall inflationary pressures
RBI's decision has spooked real estate cos
Reddy speaks out
Analysts' picks: Spicejet, L&T, Kalindee Rail Nirman, Exide
Market nervous; Sensex down 300 points
TCS cuts staff salaries in tune with tough times
TCS bags $200 mn contract from Sun Life Financial
------------------------------------------------
Moneycontrol.com
Union budget to be favourable for tax-payers: PN Vijay
SEBI okays draft proposals for debt sec listing
New FDI policy for aviation, petchem, mining unveiled
Budget will wash excesses from mkt: Dalal
Slim chance of Fed rate cut tonight
Phoenix Mills to build 50 malls in 3-4 yrs
OnMobile Global IPO subscribed 11 times
SQL Star Q3 revenue up 51%, PAT up by 56%
Jubilant Organosys Q3 PAT up 40% at Rs 894 mn
What experts say about IRB Infrastructure IPO?
Majority of experts say don't apply for Shriram EPC
Source: www.theeconomictimes.com and http://www.moneycontrol.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 to add $100 bn to forex reserve in '08
Plan a basket of debt instruments
SEBI to make close-ended MF schemes attractive
--------------------------------------------
TN Govt warns MRF unit takeover if lockout not lifted
Mittal, Ambanis, Premji score high on wealth charts
Essar to raise $2 bn, ramp up unit by March
Tatas may get full control of Jaguar, Land Rover
Marico Industries reports impressive numbers for Dec quarter
Bharti Airtel gets additional spectrum in five circles
Reddy tells banks to cut interest rates
RBI tells banks to shed gilts and lend to job creators
RBI warns of overall inflationary pressures
RBI's decision has spooked real estate cos
Reddy speaks out
Analysts' picks: Spicejet, L&T, Kalindee Rail Nirman, Exide
Market nervous; Sensex down 300 points
TCS cuts staff salaries in tune with tough times
TCS bags $200 mn contract from Sun Life Financial
------------------------------------------------
Moneycontrol.com
Union budget to be favourable for tax-payers: PN Vijay
SEBI okays draft proposals for debt sec listing
New FDI policy for aviation, petchem, mining unveiled
Budget will wash excesses from mkt: Dalal
Slim chance of Fed rate cut tonight
Phoenix Mills to build 50 malls in 3-4 yrs
OnMobile Global IPO subscribed 11 times
SQL Star Q3 revenue up 51%, PAT up by 56%
Jubilant Organosys Q3 PAT up 40% at Rs 894 mn
What experts say about IRB Infrastructure IPO?
Majority of experts say don't apply for Shriram EPC
Source: www.theeconomictimes.com and http://www.moneycontrol.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: Bharti, DLF, NTPC, IOB, BOB, SunPharma, MTNL, MandM, BajajAuto, HindZinc, TataChem, PowerGrid etc
Bharti Airtel Q3 net profit jumps 36% YoY
Bharti Airtel Q3 net up 42%
MUMBAI: Bharti Airtel's net profit for the quarter ended Dec 31, 2007 rose36.04 per cent to Rs 1,419.84 crore against Rs 1,043.69 crore in the same quarter of previous year. Total revenue increased 41.47 per cent to Rs 6,682.57 crore from Rs 4,723.68 crore a year ago. Consolidated results as per Indian GAAP: The group's net profit for the October-December quarter rose 38.25 per cent to Rs 1,428.56 crore compared with Rs 1,033.34 crore in the corresponding quarter of earlier year. Total income grew 42.40 per cent to Rs 7,017.95 crore from Rs 4,928.18 crore in last year. Consolidated results as per US GAAP: The group posted a net profit of Rs 1,722.40 crore for the third quarter, a growth of 41.74 per cent compared with Rs 1,215.13 crore in the same period of year earlier. Total revenue increased from Rs 4,912.92 crore to Rs 6,963.90 crore in the current year. At 10:42 am, Bharti Airtel shares were up 1.01 per cent at Rs 858.95 on BSE.
Bank of Baroda Q3 net profit jumps 52% YoY
Bank of Baroda net profit for the quarter ended Dec 31, 2007 rose 52.23 per cent to Rs 501.05 crore against Rs 329.13 crore in the same quarter of previous year. Total income increased 35.68 per cent to Rs 3,620.18 crore from Rs 2,668.11 crore a year ago
DLF Oct-Dec consolidated net $544.4 mn
Real estate developer DLF Ltd reported a consolidated net profit of 21.45 billion rupees ($544.4 mn) for the October-December quarter. Its standalone net profit was 6.06 billion rupees. The company, which was listed in the middle of last year, did not give year-ago numbers.
NTPC Q3 net profit falls 15.37%
National Thermal Power Corporation’s net profit fell 15.37 per cent to Rs 1779.9 crore for December quarter, as compared to Rs 2103.3 crore for the same quarter a year ago. Total Income increased 8.4 per cent to Rs 10,093.2 crore from Rs 9,311 crore.
IOB Q3 net profit grew 24% YoY
Indian Overseas Bank net profit rose 24.88 per cent to Rs 308.19 crore for the quarter ended Dec 31, 2007 compared with Rs 246.78 crore in the same quarter of 2006. Total income increased 42.74 per cent to Rs 2,295.35 crore from Rs 1,608.07 crore a year ago.
Sun Pharma share up 6.6% as Q3 profit rises 109%
Sun Pharmaceuticals net profit rose 109.49 per cent to Rs 345.93 crore in the quarter ended Dec 31, 2007 compared with Rs 165.13 crore in the same quarter of 2006. Net sales increased 75.61 per cent to Rs 733.91 crore for the October-December quarter against Rs 417.91 crore in same quarter of previous year. The group's net profit grew 60.10 per cent to Rs 318.35 croe from Rs 198.85 crore a year ago. Net sales increased 48.87 per cent to Rs 803.97 crore against Rs 540.04 crore in the earlier year.
Bajaj Hindustan Q3 net profit up 71% YoY
Bajaj Hindustan’s net profit 71.70 per cent rose to Rs 29.67 crore in the quarter ended Dec 31, 2007 compared with Rs 17.28 crore in the same quarter of 2006. Net sales increased 19.99 per cent to Rs 286.64 crore from Rs 343.95 crore a year ago.
Mercator posts 98% surge in net for Q3
Domestic shipping line Mercator has registered a 98 per cent surge in net profit at Rs 58.72 crore for the third quarter as against Rs 29.69 crore in the same period last year. The company's operating profit grew by 113 per cent at Rs 160.54 crore during the period ending December 7, against Rs 75.44 crore in the corresponding period last year, Mercator said in a release. The company's income from operations in third quarter rose by 7 per cent to Rs 196.10 crore, against Rs 182.93 crore in the same period last year. Besides, Mercator Board has allowed raising 300 million dollars money through foreign currency convertible bonds or through GRD and ADR, the release added
MTNL Q3 net profit falls 97% YoY
Mahanagar Telephone Nigam net profit fell 53.19 per cent to Rs 97.64 crore for the quarter ended Dec 31, 2007 compared with Rs 208.60 crore for the same quarter ended in 2006. Total income decreased 7.08 per cent to Rs 1,326.91 crore from Rs 1428.03 crore a year ago.
Berger Q3 net rises 4.4 pc to Rs 23.25 crore
M&M Q3 net up 67%
Auto major Mahindra & Mahindra (M&M) on Wednesday posted 67.63 per cent increase in profit after tax at Rs 405.15 crore for the quarter ended December 2007, compared to Rs 241.68 crore for the same quarter in 2006. Total income of the company grew by 13.86 per cent to Rs 2,980.25 crore for the third quarter this fiscal from Rs 2,617.30 crore for the corresponding quarter of the previous fiscal, the company informed the BSE.
Bajaj Auto Q3 net down 5%
Bajaj Auto Ltd said on Wednesday its quarterly net profit fell 5 per cent, missing analyst forecasts, on volatile raw material costs and sluggish sales due to firm interest rates.
Its shares fell 6.5 per cent to Rs 2,223.95 in a weak Mumbai market.
Bajaj, which also makes scooters and leads the market for three-wheeled motorised rickshaws, said net profit fell to Rs 327 crore ($83 million) in the fiscal third quarter to Dec. 31 from Rs 345 crore reported a year earlier.
Consensus forecast for net profit was Rs 344 crore in a Reuters poll of 10 analysts.
Pune-based Bajaj sold 713,443 units in the December quarter, a 3.4 per cent fall from the same period a year earlier.
Hindustan Zinc Q3 net dips 41.20%
Hindustan Zinc Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a net profit of Rs 785 crore for the quarter ended December 31, 2007 as compared to Rs 1335 crore for the quarter ended December 31, 2006. Total Income has decreased from Rs 2546 crore for the quarter ended December 31, 2006 to Rs 1769 crore for the quarter ended December 31, 2007.
Jindal Stainless Q3 net dips 55.24%
Jindal Stainless Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a net profit after tax of Rs 50.6 crore for the quarter ended December 31, 2007 as compared to Rs 113.05 crore for the quarter ended December 31, 2006.
Tata Chemicals Q3 net dips 41.55%
Tata Chemicals Ltd has announced the following audited results for the quarter ended December 31, 2007: The company has posted a net profit after tax of Rs 125.48 crore for the quarter ended December 31, 2007 as compared to Rs 116.77 crore for the quarter ended December 31, 2006. Total income has decreased from Rs 1318.81 crore for the quarter ended December 31, 2006 to Rs 1236.52 crore for the quarter ended December 31, 2007.
The audited consolidated results are as follows: The group has posted a net profit after tax of Rs 91.09 crore for the quarter ended December 31, 2007 as compared to Rs 155.85 crore for the quarter ended December 31, 2006. Total income has decreased from Rs 1793.7 crore for the quarter ended December 31, 2006 to Rs 1712.67 crore for the quarter ended December 31, 2007.
Power Grid Corporation Q3 net up 13.9% at Rs 384.28 cr
Power Grid Corporation of India Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a profit after tax of Rs 384.28 crore for the quarter ended December 31, 2007 as compared to Rs 337.27 crore for the quarter ended December 31, 2006. Total Income has increased from Rs 1004.80 crore for the quarter ended December 31, 2006 to Rs 1193.77 crore for the quarter ended December 31, 2007.
Merck Q4 net at Rs 68.82 cr
GMDC Q3 net up 77% at Rs 93.25 cr
JB Chemicals Q3 net dips 45.3%
Voltamp Transformers net up 118% at Rs 22.73 cr
Cummins India Q3 net up 18.63% at Rs 74.61 cr
IOB Q3 net up 24.88% at Rs 308.18 cr
Aditya Birla Nuvo Q3 net up 59.36% at Rs 84 cr
IndusInd Bank Q3 net up 15.76% at Rs 25.04 cr
Andhra Bank Q3 net up 16.68% at Rs 159.0207 cr
OBC Q3 net dips 24.08% at Rs 138.48 cr
Aurobindo Pharma Q3 net at Rs 55.25 cr
DLF Q3 net at Rs 2,145 cr
Lanco Infratech Q3 net up 32.69% at Rs 82.519 cr
Source: www.theeconomictimes.com and http://www.sify.com/finance . 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.
Bharti Airtel Q3 net up 42%
MUMBAI: Bharti Airtel's net profit for the quarter ended Dec 31, 2007 rose36.04 per cent to Rs 1,419.84 crore against Rs 1,043.69 crore in the same quarter of previous year. Total revenue increased 41.47 per cent to Rs 6,682.57 crore from Rs 4,723.68 crore a year ago. Consolidated results as per Indian GAAP: The group's net profit for the October-December quarter rose 38.25 per cent to Rs 1,428.56 crore compared with Rs 1,033.34 crore in the corresponding quarter of earlier year. Total income grew 42.40 per cent to Rs 7,017.95 crore from Rs 4,928.18 crore in last year. Consolidated results as per US GAAP: The group posted a net profit of Rs 1,722.40 crore for the third quarter, a growth of 41.74 per cent compared with Rs 1,215.13 crore in the same period of year earlier. Total revenue increased from Rs 4,912.92 crore to Rs 6,963.90 crore in the current year. At 10:42 am, Bharti Airtel shares were up 1.01 per cent at Rs 858.95 on BSE.
Bank of Baroda Q3 net profit jumps 52% YoY
Bank of Baroda net profit for the quarter ended Dec 31, 2007 rose 52.23 per cent to Rs 501.05 crore against Rs 329.13 crore in the same quarter of previous year. Total income increased 35.68 per cent to Rs 3,620.18 crore from Rs 2,668.11 crore a year ago
DLF Oct-Dec consolidated net $544.4 mn
Real estate developer DLF Ltd reported a consolidated net profit of 21.45 billion rupees ($544.4 mn) for the October-December quarter. Its standalone net profit was 6.06 billion rupees. The company, which was listed in the middle of last year, did not give year-ago numbers.
NTPC Q3 net profit falls 15.37%
National Thermal Power Corporation’s net profit fell 15.37 per cent to Rs 1779.9 crore for December quarter, as compared to Rs 2103.3 crore for the same quarter a year ago. Total Income increased 8.4 per cent to Rs 10,093.2 crore from Rs 9,311 crore.
IOB Q3 net profit grew 24% YoY
Indian Overseas Bank net profit rose 24.88 per cent to Rs 308.19 crore for the quarter ended Dec 31, 2007 compared with Rs 246.78 crore in the same quarter of 2006. Total income increased 42.74 per cent to Rs 2,295.35 crore from Rs 1,608.07 crore a year ago.
Sun Pharma share up 6.6% as Q3 profit rises 109%
Sun Pharmaceuticals net profit rose 109.49 per cent to Rs 345.93 crore in the quarter ended Dec 31, 2007 compared with Rs 165.13 crore in the same quarter of 2006. Net sales increased 75.61 per cent to Rs 733.91 crore for the October-December quarter against Rs 417.91 crore in same quarter of previous year. The group's net profit grew 60.10 per cent to Rs 318.35 croe from Rs 198.85 crore a year ago. Net sales increased 48.87 per cent to Rs 803.97 crore against Rs 540.04 crore in the earlier year.
Bajaj Hindustan Q3 net profit up 71% YoY
Bajaj Hindustan’s net profit 71.70 per cent rose to Rs 29.67 crore in the quarter ended Dec 31, 2007 compared with Rs 17.28 crore in the same quarter of 2006. Net sales increased 19.99 per cent to Rs 286.64 crore from Rs 343.95 crore a year ago.
Mercator posts 98% surge in net for Q3
Domestic shipping line Mercator has registered a 98 per cent surge in net profit at Rs 58.72 crore for the third quarter as against Rs 29.69 crore in the same period last year. The company's operating profit grew by 113 per cent at Rs 160.54 crore during the period ending December 7, against Rs 75.44 crore in the corresponding period last year, Mercator said in a release. The company's income from operations in third quarter rose by 7 per cent to Rs 196.10 crore, against Rs 182.93 crore in the same period last year. Besides, Mercator Board has allowed raising 300 million dollars money through foreign currency convertible bonds or through GRD and ADR, the release added
MTNL Q3 net profit falls 97% YoY
Mahanagar Telephone Nigam net profit fell 53.19 per cent to Rs 97.64 crore for the quarter ended Dec 31, 2007 compared with Rs 208.60 crore for the same quarter ended in 2006. Total income decreased 7.08 per cent to Rs 1,326.91 crore from Rs 1428.03 crore a year ago.
Berger Q3 net rises 4.4 pc to Rs 23.25 crore
M&M Q3 net up 67%
Auto major Mahindra & Mahindra (M&M) on Wednesday posted 67.63 per cent increase in profit after tax at Rs 405.15 crore for the quarter ended December 2007, compared to Rs 241.68 crore for the same quarter in 2006. Total income of the company grew by 13.86 per cent to Rs 2,980.25 crore for the third quarter this fiscal from Rs 2,617.30 crore for the corresponding quarter of the previous fiscal, the company informed the BSE.
Bajaj Auto Q3 net down 5%
Bajaj Auto Ltd said on Wednesday its quarterly net profit fell 5 per cent, missing analyst forecasts, on volatile raw material costs and sluggish sales due to firm interest rates.
Its shares fell 6.5 per cent to Rs 2,223.95 in a weak Mumbai market.
Bajaj, which also makes scooters and leads the market for three-wheeled motorised rickshaws, said net profit fell to Rs 327 crore ($83 million) in the fiscal third quarter to Dec. 31 from Rs 345 crore reported a year earlier.
Consensus forecast for net profit was Rs 344 crore in a Reuters poll of 10 analysts.
Pune-based Bajaj sold 713,443 units in the December quarter, a 3.4 per cent fall from the same period a year earlier.
Hindustan Zinc Q3 net dips 41.20%
Hindustan Zinc Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a net profit of Rs 785 crore for the quarter ended December 31, 2007 as compared to Rs 1335 crore for the quarter ended December 31, 2006. Total Income has decreased from Rs 2546 crore for the quarter ended December 31, 2006 to Rs 1769 crore for the quarter ended December 31, 2007.
Jindal Stainless Q3 net dips 55.24%
Jindal Stainless Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a net profit after tax of Rs 50.6 crore for the quarter ended December 31, 2007 as compared to Rs 113.05 crore for the quarter ended December 31, 2006.
Tata Chemicals Q3 net dips 41.55%
Tata Chemicals Ltd has announced the following audited results for the quarter ended December 31, 2007: The company has posted a net profit after tax of Rs 125.48 crore for the quarter ended December 31, 2007 as compared to Rs 116.77 crore for the quarter ended December 31, 2006. Total income has decreased from Rs 1318.81 crore for the quarter ended December 31, 2006 to Rs 1236.52 crore for the quarter ended December 31, 2007.
The audited consolidated results are as follows: The group has posted a net profit after tax of Rs 91.09 crore for the quarter ended December 31, 2007 as compared to Rs 155.85 crore for the quarter ended December 31, 2006. Total income has decreased from Rs 1793.7 crore for the quarter ended December 31, 2006 to Rs 1712.67 crore for the quarter ended December 31, 2007.
Power Grid Corporation Q3 net up 13.9% at Rs 384.28 cr
Power Grid Corporation of India Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a profit after tax of Rs 384.28 crore for the quarter ended December 31, 2007 as compared to Rs 337.27 crore for the quarter ended December 31, 2006. Total Income has increased from Rs 1004.80 crore for the quarter ended December 31, 2006 to Rs 1193.77 crore for the quarter ended December 31, 2007.
Merck Q4 net at Rs 68.82 cr
GMDC Q3 net up 77% at Rs 93.25 cr
JB Chemicals Q3 net dips 45.3%
Voltamp Transformers net up 118% at Rs 22.73 cr
Cummins India Q3 net up 18.63% at Rs 74.61 cr
IOB Q3 net up 24.88% at Rs 308.18 cr
Aditya Birla Nuvo Q3 net up 59.36% at Rs 84 cr
IndusInd Bank Q3 net up 15.76% at Rs 25.04 cr
Andhra Bank Q3 net up 16.68% at Rs 159.0207 cr
OBC Q3 net dips 24.08% at Rs 138.48 cr
Aurobindo Pharma Q3 net at Rs 55.25 cr
DLF Q3 net at Rs 2,145 cr
Lanco Infratech Q3 net up 32.69% at Rs 82.519 cr
Source: www.theeconomictimes.com and http://www.sify.com/finance . 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: PGC, Hindalco, Cont.Corp, Mphasis, Gayathri Proj, Crompton, ICSA, SobhaDev etc
Power Grid net rises 3.51% in Dec `07 qtr
Power Grid Corporation, on quarter on quarter basis, disclosed a steady jump in net profit for the quarter ended in December 2007. During the quarter, the company experienced a 3.51% rise in profit to Rs 3,842.80 million from Rs 3,372.70 million in the quarter-ended September 2007.
Net sales for the quarter rose 4.97% to Rs 10,857.70 million compared with Rs 10,343.60 million in the previous quarter of the present year.
Hindalco Ind net down 15% in Dec`07 qtr
Hindalco Industries registered a 15.71% fall in net profit to Rs 5,427.00 million for the quarter ended December 2007 as compared with Rs 6,439.00 million for the corresponding quarter last fiscal.Net sales for the quarter fell 2.67% to Rs 45,317.00 million as against Rs 46,562.00 million for the same quarter a year ago.Total income for the quarter fell 1.45% to Rs 46,460 million as compared with Rs 47,146.00 million for the corresponding quarter last year.
Container Corporation of India net up 16% in Dec`07 qtr
Container Corporation Of India registered a growth of 16.46% in net profit to Rs 1,929.20 million for the quarter ended December 2007 as compared with Rs 1,656.40 million for the corresponding quarter last fiscal.Net sales for the quarter rose 12.85% to Rs 8,432.30 million as against Rs 7,472 million for the same quarter a year ago.
Mphasis net rises 4.82 times in Dec `07 qtr
Mphasis registered phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 4.82 times rise in profits to Rs 658.60 million from Rs 136.52 million in the quarter ended December 2006.Net sales for the quarter rose 3.44 times to Rs 4,499.60 million compared with Rs 1,306.47 million in the corresponding quarter, a year ago.
Gayatri Projects net up 51.90% in Dec`07 qtr
Gayatri Projects disclosed a jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 51.90% rise in net profit to Rs 129.61 million as compared with Rs 85.36 million in the corresponding quarter, last fiscal.
Net sales for the quarter rose 33.64% to Rs 2,045.89 million compared with Rs 1,530.83 million for the same quarter, a year ago.
EIH net rises 16.75% in Dec`07 qtr
EIH registered steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 16.75% rise in profit to Rs 724 million from Rs 620.10 million in the quarter ended December 2006.
Net sales for the quarter rose 17.57% to Rs 3,086.10 million compared with Rs 2,624.90 million in the corresponding quarter, a year ago.
Dredging Corporation net drops 34.95% for Dec`07 qtr
Dredging Corporation of India registered a 34.95% fall in net profit to Rs 148.90 million for the quarter ended Dec. 31, 2007, from Rs 228.90 million in the corresponding quarter, last fiscal.
Net sales stood at Rs 1,482.50 million in the quarter ended Dec. 31, 2007, as against Rs 1,320.50 million in the same period last year, recording a growth of 12.27%.
Maytas Infra reports Rs 323.6 mn profit in Dec`07 qtr
Hyderabad-based Maytas Infra, a company engaged in infrastructure development, construction and project management, disclosed its first quarter results today after listing on the bourses. The company reported net profit of Rs 323.60 million, on net sales of Rs 4,643.50 million for the quarter ended December 2007. Total Income for the quarter stood at Rs 4,760.30 million.
Crompton Greaves net rises 49.49% in Dec`07 qtr
Crompton Greaves, registered a rise of 49.49% in net profit to Rs 679.00 million for the quarter ended December 2007 from Rs 454.20 million in the quarter ended December 2006.
Net sales for the latest quarter rose 22.98% to Rs 9,999.20 million compared with Rs 8130.40 million in the corresponding quarter, a year ago.
ICSA net up 99.83% in Dec`07 qtr
I C S A (India) registered a 99.83% growth in net profit to Rs 362.44 million for the quarter ended December 2007 as compared with Rs 181.37 million for the corresponding quarter, last year.Net sales for the quarter rose 99.43% to Rs 1,891.34 million as against Rs 948.37 million for the same quarter, a year ago.Total income for the quarter rose 2.02 times to Rs 1,922.15 million as compared with Rs 948.58 million for the corresponding quarter, last fiscal.
Sobha Developers net rises 33.70% in Dec`07 qtr
Sobha Developers registered a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 33.70% rise in profit to Rs 611 million from Rs 457 million in the quarter ended December 2006
Simplex Projects net up 16% in Dec`07 qtr (Q-o-Q)
Simplex Projects posted a 16.34% growth in net profit at Rs 52.41 million for the quarter ended December 2007 as compared with Rs 45.05 million for the previous quarter ended September 2007.
Bharti Airtel consolidated net up 41.74% for Dec`07 qtr
Bharti Airtel, India`s top mobile operator, reported 41.74% increase in consolidated net profit, as per United States Generally Accepted Accounting Principles (US GAAP) rose to Rs 17,224.00 million for the quarter ended Dec. 31, 2007 as against Rs 12,151.30 million in the corresponding quarter, last year. Total income for the period in comparison rose 41.74% to Rs Rs 69,639.00 million, compared with Rs 49,129.20 million, last year.
On standalone basis, the company registered 36.04% growth in net profit to Rs 14,198.40 million for the quarter ended December 2007 as compared with Rs 10,436.90 million for the corresponding quarter, last fiscal.
Source: 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.
Power Grid Corporation, on quarter on quarter basis, disclosed a steady jump in net profit for the quarter ended in December 2007. During the quarter, the company experienced a 3.51% rise in profit to Rs 3,842.80 million from Rs 3,372.70 million in the quarter-ended September 2007.
Net sales for the quarter rose 4.97% to Rs 10,857.70 million compared with Rs 10,343.60 million in the previous quarter of the present year.
Hindalco Ind net down 15% in Dec`07 qtr
Hindalco Industries registered a 15.71% fall in net profit to Rs 5,427.00 million for the quarter ended December 2007 as compared with Rs 6,439.00 million for the corresponding quarter last fiscal.Net sales for the quarter fell 2.67% to Rs 45,317.00 million as against Rs 46,562.00 million for the same quarter a year ago.Total income for the quarter fell 1.45% to Rs 46,460 million as compared with Rs 47,146.00 million for the corresponding quarter last year.
Container Corporation of India net up 16% in Dec`07 qtr
Container Corporation Of India registered a growth of 16.46% in net profit to Rs 1,929.20 million for the quarter ended December 2007 as compared with Rs 1,656.40 million for the corresponding quarter last fiscal.Net sales for the quarter rose 12.85% to Rs 8,432.30 million as against Rs 7,472 million for the same quarter a year ago.
Mphasis net rises 4.82 times in Dec `07 qtr
Mphasis registered phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 4.82 times rise in profits to Rs 658.60 million from Rs 136.52 million in the quarter ended December 2006.Net sales for the quarter rose 3.44 times to Rs 4,499.60 million compared with Rs 1,306.47 million in the corresponding quarter, a year ago.
Gayatri Projects net up 51.90% in Dec`07 qtr
Gayatri Projects disclosed a jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 51.90% rise in net profit to Rs 129.61 million as compared with Rs 85.36 million in the corresponding quarter, last fiscal.
Net sales for the quarter rose 33.64% to Rs 2,045.89 million compared with Rs 1,530.83 million for the same quarter, a year ago.
EIH net rises 16.75% in Dec`07 qtr
EIH registered steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 16.75% rise in profit to Rs 724 million from Rs 620.10 million in the quarter ended December 2006.
Net sales for the quarter rose 17.57% to Rs 3,086.10 million compared with Rs 2,624.90 million in the corresponding quarter, a year ago.
Dredging Corporation net drops 34.95% for Dec`07 qtr
Dredging Corporation of India registered a 34.95% fall in net profit to Rs 148.90 million for the quarter ended Dec. 31, 2007, from Rs 228.90 million in the corresponding quarter, last fiscal.
Net sales stood at Rs 1,482.50 million in the quarter ended Dec. 31, 2007, as against Rs 1,320.50 million in the same period last year, recording a growth of 12.27%.
Maytas Infra reports Rs 323.6 mn profit in Dec`07 qtr
Hyderabad-based Maytas Infra, a company engaged in infrastructure development, construction and project management, disclosed its first quarter results today after listing on the bourses. The company reported net profit of Rs 323.60 million, on net sales of Rs 4,643.50 million for the quarter ended December 2007. Total Income for the quarter stood at Rs 4,760.30 million.
Crompton Greaves net rises 49.49% in Dec`07 qtr
Crompton Greaves, registered a rise of 49.49% in net profit to Rs 679.00 million for the quarter ended December 2007 from Rs 454.20 million in the quarter ended December 2006.
Net sales for the latest quarter rose 22.98% to Rs 9,999.20 million compared with Rs 8130.40 million in the corresponding quarter, a year ago.
ICSA net up 99.83% in Dec`07 qtr
I C S A (India) registered a 99.83% growth in net profit to Rs 362.44 million for the quarter ended December 2007 as compared with Rs 181.37 million for the corresponding quarter, last year.Net sales for the quarter rose 99.43% to Rs 1,891.34 million as against Rs 948.37 million for the same quarter, a year ago.Total income for the quarter rose 2.02 times to Rs 1,922.15 million as compared with Rs 948.58 million for the corresponding quarter, last fiscal.
Sobha Developers net rises 33.70% in Dec`07 qtr
Sobha Developers registered a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 33.70% rise in profit to Rs 611 million from Rs 457 million in the quarter ended December 2006
Simplex Projects net up 16% in Dec`07 qtr (Q-o-Q)
Simplex Projects posted a 16.34% growth in net profit at Rs 52.41 million for the quarter ended December 2007 as compared with Rs 45.05 million for the previous quarter ended September 2007.
Bharti Airtel consolidated net up 41.74% for Dec`07 qtr
Bharti Airtel, India`s top mobile operator, reported 41.74% increase in consolidated net profit, as per United States Generally Accepted Accounting Principles (US GAAP) rose to Rs 17,224.00 million for the quarter ended Dec. 31, 2007 as against Rs 12,151.30 million in the corresponding quarter, last year. Total income for the period in comparison rose 41.74% to Rs Rs 69,639.00 million, compared with Rs 49,129.20 million, last year.
On standalone basis, the company registered 36.04% growth in net profit to Rs 14,198.40 million for the quarter ended December 2007 as compared with Rs 10,436.90 million for the corresponding quarter, last fiscal.
Source: 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.
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Electrotherm India net profit rises 71.71% in the December 2007 quarter
Net profit of Electrotherm India rose 71.71% to Rs 19.73 crore in the quarter ended December 2007 as against Rs 11.49 crore during the previous quarter ended December 2006. Sales rose 81.85% to Rs 381.91 crore in the quarter ended December 2007 as against Rs 210.01 crore during the previous quarter ended December 2006.
Indo Asian Fusegear net profit declines 36.40% in the December 2007 quarter
Net profit of Indo Asian Fusegear declined 36.40% to Rs 2.83 crore in the quarter ended December 2007 as against Rs 4.45 crore during the previous quarter ended December 2006. Sales rose 23.98% to Rs 66.86 crore in the quarter ended December 2007 as against Rs 53.93 crore during the previous quarter ended December 2006.
Development Credit Bank net profit rises 828.16% in the December 2007 quarter
Net profit of Development Credit Bank rose 828.16% to Rs 25.71 crore in the quarter ended December 2007 as against Rs 2.77 crore during the previous quarter ended December 2006. Total operating income rose 62.54% to Rs 140.16 crore in the quarter ended December 2007 as against Rs 86.23 crore during the previous quarter ended December 2006.
Tele Data Informatics net profit rises 13.15% in the December 2007 quarter
Net profit of Tele Data Informatics rose 13.15% to Rs 92.82 crore in the quarter ended December 2007 as against Rs 82.03 crore during the previous quarter ended December 2006. Sales declined 14.37% to Rs 265.59 crore in the quarter ended December 2007 as against Rs 310.15 crore during the previous quarter ended December 2006.
Page Industries reports net profit of Rs 6.53 crore in the December 2007 quarter
Procter & Gamble Hygiene and Health Care net profit rises 53.60% in the December 2007 quarter
DCM Shriram Consolidated net profit rises 207.22% in the December 2007 quarter
Net profit of DCM Shriram Consolidated rose 207.22% to Rs 60.46 crore in the quarter ended December 2007 as against Rs 19.68 crore during the previous quarter ended December 2006. Sales declined 17.17% to Rs 662.86 crore in the quarter ended December 2007 as against Rs 800.27 crore during the previous quarter ended December 2006
Sujana Towers reports net profit of Rs 11.23 crore in the December 2007 quarter
Essel Propack net profit declines 11.57% in the December 2007 quarter
D S Kulkarni Developers net profit declines 11.66% in the December 2007 quarter
Net profit of D S Kulkarni Developers declined 11.66% to Rs 10.30 crore in the quarter ended December 2007 as against Rs 11.66 crore during the previous quarter ended December 2006. Sales rose 1396.97% to Rs 79.04 crore in the quarter ended December 2007 as against Rs 5.28 crore during the previous quarter ended December 2006.
Kaveri Seed Company reports net profit of Rs 1.55 crore in the December 2007 quarter
Karnataka Bank net profit rises 28.12% in the December 2007 quarter
Net profit of Karnataka Bank rose 28.12% to Rs 69.03 crore in the quarter ended December 2007 as against Rs 53.88 crore during the previous quarter ended December 2006. Total operating income rose 25.92% to Rs 405.46 crore in the quarter ended December 2007 as against Rs 321.99 crore during the previous quarter ended December 2006
Kalindee Rail Nirman (Engineers) net profit rises 66.76% in the December 2007 quarter
Gujarat Mineral Development Corporation net profit rises 77.08% in the December 2007 quarter
Net profit of Gujarat Mineral Development Corporation rose 77.08% to Rs 93.25 crore in the quarter ended December 2007 as against Rs 52.66 crore during the previous quarter ended December 2006. Sales rose 93.70% to Rs 257.23 crore in the quarter ended December 2007 as against Rs 132.80 crore during the previous quarter ended December 2006.
Ess Dee Aluminium net profit rises 147.80% in the December 2007 quarter
Net profit of Ess Dee Aluminium rose 147.80% to Rs 15.19 crore in the quarter ended December 2007 as against Rs 6.13 crore during the previous quarter ended December 2006. Sales rose 107.06% to Rs 61.89 crore in the quarter ended December 2007 as against Rs 29.89 crore during the previous quarter ended December 2006.
Walchandnagar Industries net profit rises 24.90% in the December 2007 quarter
Net profit of Walchandnagar Industries rose 24.90% to Rs 9.63 crore in the quarter ended December 2007 as against Rs 7.71 crore during the previous quarter ended December 2006. Sales rose 25.51% to Rs 155.98 crore in the quarter ended December 2007 as against Rs 124.28 crore during the previous quarter ended December 2006.
Pochiraju Industries net profit rises 8.93% in the December 2007 quarter
Phillips Carbon Black net profit rises 206.19% in the December 2007 quarter
Net profit of Phillips Carbon Black rose 206.19% to Rs 24.25 crore in the quarter ended December 2007 as against Rs 7.92 crore during the previous quarter ended December 2006. Sales rose 0.91% to Rs 274.81 crore in the quarter ended December 2007 as against Rs 272.32 crore during the previous quarter ended December 2006.
BF Utilities reports net profit of Rs 2.31 crore in the December 2007 quarter
Blue Star net profit rises 208.17% in the December 2007 quarter
Net profit of Blue Star rose 208.17% to Rs 35.44 crore in the quarter ended December 2007 as against Rs 11.50 crore during the previous quarter ended December 2006. Sales rose 39.11% to Rs 514.88 crore in the quarter ended December 2007 as against Rs 370.13 crore during the previous quarter ended December 2006.
City Union Bank net profit rises 83.12% in the December 2007 quarter
Net profit of City Union Bank rose 83.12% to Rs 25.38 crore in the quarter ended December 2007 as against Rs 13.86 crore during the previous quarter ended December 2006. Total operating income rose 55.77% to Rs 154.84 crore in the quarter ended December 2007 as against Rs 99.40 crore during the previous quarter ended December 2006.
Kesoram Industries net profit rises 64.26% in the December 2007 quarter
Net profit of Kesoram Industries rose 64.26% to Rs 107.41 crore in the quarter ended December 2007 as against Rs 65.39 crore during the previous quarter ended December 2006. Sales rose 37.90% to Rs 766.51 crore in the quarter ended December 2007 as against Rs 555.84 crore during the previous quarter ended December 2006.
Hanung Toys and Textiles net profit rises 104.38% in the December 2007 quarter
Net profit of Hanung Toys and Textiles rose 104.38% to Rs 16.78 crore in the quarter ended December 2007 as against Rs 8.21 crore during the previous quarter ended December 2006. Sales rose 60.39% to Rs 128.09 crore in the quarter ended December 2007 as against Rs 79.86 crore during the previous quarter ended December 2006.
Indo Tech Transformers net profit rises 67.86% in the December 2007 quarter
Visa Steel net profit rises 121.17% in the December 2007 quarter
Net profit of Visa Steel rose 121.17% to Rs 13.58 crore in the quarter ended December 2007 as against Rs 6.14 crore during the previous quarter ended December 2006. Sales rose 53.86% to Rs 196.31 crore in the quarter ended December 2007 as against Rs 127.59 crore during the previous quarter ended December 2006.
Shipping Corporation of India net profit declines 22.00% in the December 2007 quarter
Net profit of Shipping Corporation of India declined 22.00% to Rs 176.78 crore in the quarter ended December 2007 as against Rs 226.63 crore during the previous quarter ended December 2006. Sales declined 11.48% to Rs 915.27 crore in the quarter ended December 2007 as against Rs 1034.00 crore during the previous quarter ended December 2006.
Quintegra Solutions net profit rises 20.44% in the December 2007 quarter
Sical Logistics net profit declines 4.92% in the December 2007 quarter
Consolidated Construction Consortium reports net profit of Rs 19.17 crore in the December 2007 quarter
Advanced Micronic Devices net profit rises 1175.00% in the December 2007 quarter
JM Financial net profit rises 63518.66% in the December 2007 quarter
Piramyd Retail reports net loss of Rs 23.25 crore in the December 2007 quarter
Indian Hume Pipe Company net profit rises 209.52% in the December 2007 quarter
Net profit of Indian Hume Pipe Company rose 209.52% to Rs 5.20 crore in the quarter ended December 2007 as against Rs 1.68 crore during the previous quarter ended December 2006. Sales rose 25.29% to Rs 110.48 crore in the quarter ended December 2007 as against Rs 88.18 crore during the previous quarter ended December 2006.
Godrej Industries net profit rises 2.54% in the December 2007 quarter
Indbank Merchant Banking Services net profit rises 88.32% in the December 2007 quarter
KRBL net profit rises 3.10% in the December 2007 quarter
Essar Oil reports net loss of Rs 13.40 crore in the December 2007 quarter
Firstsource Solutions net profit declines 24.87% in the December 2007 quarter
Renaissance Jewellery reports net profit of Rs 6.67 crore in the December 2007 quarter
Godawari Power & Ispat net profit rises 82.02% in the December 2007 quarter
Net profit of Godawari Power & Ispat rose 82.02% to Rs 23.79 crore in the quarter ended December 2007 as against Rs 13.07 crore during the previous quarter ended December 2006. Sales rose 74.64% to Rs 217.44 crore in the quarter ended December 2007 as against Rs 124.51 crore during the previous quarter ended December 2006.
Asian Hotels net profit rises 94.97% in the December 2007 quarter
Net profit of Asian Hotels rose 94.97% to Rs 49.66 crore in the quarter ended December 2007 as against Rs 25.47 crore during the previous quarter ended December 2006. Sales rose 28.24% to Rs 145.25 crore in the quarter ended December 2007 as against Rs 113.26 crore during the previous quarter ended December 2006.
Source: http://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.
Net profit of Electrotherm India rose 71.71% to Rs 19.73 crore in the quarter ended December 2007 as against Rs 11.49 crore during the previous quarter ended December 2006. Sales rose 81.85% to Rs 381.91 crore in the quarter ended December 2007 as against Rs 210.01 crore during the previous quarter ended December 2006.
Indo Asian Fusegear net profit declines 36.40% in the December 2007 quarter
Net profit of Indo Asian Fusegear declined 36.40% to Rs 2.83 crore in the quarter ended December 2007 as against Rs 4.45 crore during the previous quarter ended December 2006. Sales rose 23.98% to Rs 66.86 crore in the quarter ended December 2007 as against Rs 53.93 crore during the previous quarter ended December 2006.
Development Credit Bank net profit rises 828.16% in the December 2007 quarter
Net profit of Development Credit Bank rose 828.16% to Rs 25.71 crore in the quarter ended December 2007 as against Rs 2.77 crore during the previous quarter ended December 2006. Total operating income rose 62.54% to Rs 140.16 crore in the quarter ended December 2007 as against Rs 86.23 crore during the previous quarter ended December 2006.
Tele Data Informatics net profit rises 13.15% in the December 2007 quarter
Net profit of Tele Data Informatics rose 13.15% to Rs 92.82 crore in the quarter ended December 2007 as against Rs 82.03 crore during the previous quarter ended December 2006. Sales declined 14.37% to Rs 265.59 crore in the quarter ended December 2007 as against Rs 310.15 crore during the previous quarter ended December 2006.
Page Industries reports net profit of Rs 6.53 crore in the December 2007 quarter
Procter & Gamble Hygiene and Health Care net profit rises 53.60% in the December 2007 quarter
DCM Shriram Consolidated net profit rises 207.22% in the December 2007 quarter
Net profit of DCM Shriram Consolidated rose 207.22% to Rs 60.46 crore in the quarter ended December 2007 as against Rs 19.68 crore during the previous quarter ended December 2006. Sales declined 17.17% to Rs 662.86 crore in the quarter ended December 2007 as against Rs 800.27 crore during the previous quarter ended December 2006
Sujana Towers reports net profit of Rs 11.23 crore in the December 2007 quarter
Essel Propack net profit declines 11.57% in the December 2007 quarter
D S Kulkarni Developers net profit declines 11.66% in the December 2007 quarter
Net profit of D S Kulkarni Developers declined 11.66% to Rs 10.30 crore in the quarter ended December 2007 as against Rs 11.66 crore during the previous quarter ended December 2006. Sales rose 1396.97% to Rs 79.04 crore in the quarter ended December 2007 as against Rs 5.28 crore during the previous quarter ended December 2006.
Kaveri Seed Company reports net profit of Rs 1.55 crore in the December 2007 quarter
Karnataka Bank net profit rises 28.12% in the December 2007 quarter
Net profit of Karnataka Bank rose 28.12% to Rs 69.03 crore in the quarter ended December 2007 as against Rs 53.88 crore during the previous quarter ended December 2006. Total operating income rose 25.92% to Rs 405.46 crore in the quarter ended December 2007 as against Rs 321.99 crore during the previous quarter ended December 2006
Kalindee Rail Nirman (Engineers) net profit rises 66.76% in the December 2007 quarter
Gujarat Mineral Development Corporation net profit rises 77.08% in the December 2007 quarter
Net profit of Gujarat Mineral Development Corporation rose 77.08% to Rs 93.25 crore in the quarter ended December 2007 as against Rs 52.66 crore during the previous quarter ended December 2006. Sales rose 93.70% to Rs 257.23 crore in the quarter ended December 2007 as against Rs 132.80 crore during the previous quarter ended December 2006.
Ess Dee Aluminium net profit rises 147.80% in the December 2007 quarter
Net profit of Ess Dee Aluminium rose 147.80% to Rs 15.19 crore in the quarter ended December 2007 as against Rs 6.13 crore during the previous quarter ended December 2006. Sales rose 107.06% to Rs 61.89 crore in the quarter ended December 2007 as against Rs 29.89 crore during the previous quarter ended December 2006.
Walchandnagar Industries net profit rises 24.90% in the December 2007 quarter
Net profit of Walchandnagar Industries rose 24.90% to Rs 9.63 crore in the quarter ended December 2007 as against Rs 7.71 crore during the previous quarter ended December 2006. Sales rose 25.51% to Rs 155.98 crore in the quarter ended December 2007 as against Rs 124.28 crore during the previous quarter ended December 2006.
Pochiraju Industries net profit rises 8.93% in the December 2007 quarter
Phillips Carbon Black net profit rises 206.19% in the December 2007 quarter
Net profit of Phillips Carbon Black rose 206.19% to Rs 24.25 crore in the quarter ended December 2007 as against Rs 7.92 crore during the previous quarter ended December 2006. Sales rose 0.91% to Rs 274.81 crore in the quarter ended December 2007 as against Rs 272.32 crore during the previous quarter ended December 2006.
BF Utilities reports net profit of Rs 2.31 crore in the December 2007 quarter
Blue Star net profit rises 208.17% in the December 2007 quarter
Net profit of Blue Star rose 208.17% to Rs 35.44 crore in the quarter ended December 2007 as against Rs 11.50 crore during the previous quarter ended December 2006. Sales rose 39.11% to Rs 514.88 crore in the quarter ended December 2007 as against Rs 370.13 crore during the previous quarter ended December 2006.
City Union Bank net profit rises 83.12% in the December 2007 quarter
Net profit of City Union Bank rose 83.12% to Rs 25.38 crore in the quarter ended December 2007 as against Rs 13.86 crore during the previous quarter ended December 2006. Total operating income rose 55.77% to Rs 154.84 crore in the quarter ended December 2007 as against Rs 99.40 crore during the previous quarter ended December 2006.
Kesoram Industries net profit rises 64.26% in the December 2007 quarter
Net profit of Kesoram Industries rose 64.26% to Rs 107.41 crore in the quarter ended December 2007 as against Rs 65.39 crore during the previous quarter ended December 2006. Sales rose 37.90% to Rs 766.51 crore in the quarter ended December 2007 as against Rs 555.84 crore during the previous quarter ended December 2006.
Hanung Toys and Textiles net profit rises 104.38% in the December 2007 quarter
Net profit of Hanung Toys and Textiles rose 104.38% to Rs 16.78 crore in the quarter ended December 2007 as against Rs 8.21 crore during the previous quarter ended December 2006. Sales rose 60.39% to Rs 128.09 crore in the quarter ended December 2007 as against Rs 79.86 crore during the previous quarter ended December 2006.
Indo Tech Transformers net profit rises 67.86% in the December 2007 quarter
Visa Steel net profit rises 121.17% in the December 2007 quarter
Net profit of Visa Steel rose 121.17% to Rs 13.58 crore in the quarter ended December 2007 as against Rs 6.14 crore during the previous quarter ended December 2006. Sales rose 53.86% to Rs 196.31 crore in the quarter ended December 2007 as against Rs 127.59 crore during the previous quarter ended December 2006.
Shipping Corporation of India net profit declines 22.00% in the December 2007 quarter
Net profit of Shipping Corporation of India declined 22.00% to Rs 176.78 crore in the quarter ended December 2007 as against Rs 226.63 crore during the previous quarter ended December 2006. Sales declined 11.48% to Rs 915.27 crore in the quarter ended December 2007 as against Rs 1034.00 crore during the previous quarter ended December 2006.
Quintegra Solutions net profit rises 20.44% in the December 2007 quarter
Sical Logistics net profit declines 4.92% in the December 2007 quarter
Consolidated Construction Consortium reports net profit of Rs 19.17 crore in the December 2007 quarter
Advanced Micronic Devices net profit rises 1175.00% in the December 2007 quarter
JM Financial net profit rises 63518.66% in the December 2007 quarter
Piramyd Retail reports net loss of Rs 23.25 crore in the December 2007 quarter
Indian Hume Pipe Company net profit rises 209.52% in the December 2007 quarter
Net profit of Indian Hume Pipe Company rose 209.52% to Rs 5.20 crore in the quarter ended December 2007 as against Rs 1.68 crore during the previous quarter ended December 2006. Sales rose 25.29% to Rs 110.48 crore in the quarter ended December 2007 as against Rs 88.18 crore during the previous quarter ended December 2006.
Godrej Industries net profit rises 2.54% in the December 2007 quarter
Indbank Merchant Banking Services net profit rises 88.32% in the December 2007 quarter
KRBL net profit rises 3.10% in the December 2007 quarter
Essar Oil reports net loss of Rs 13.40 crore in the December 2007 quarter
Firstsource Solutions net profit declines 24.87% in the December 2007 quarter
Renaissance Jewellery reports net profit of Rs 6.67 crore in the December 2007 quarter
Godawari Power & Ispat net profit rises 82.02% in the December 2007 quarter
Net profit of Godawari Power & Ispat rose 82.02% to Rs 23.79 crore in the quarter ended December 2007 as against Rs 13.07 crore during the previous quarter ended December 2006. Sales rose 74.64% to Rs 217.44 crore in the quarter ended December 2007 as against Rs 124.51 crore during the previous quarter ended December 2006.
Asian Hotels net profit rises 94.97% in the December 2007 quarter
Net profit of Asian Hotels rose 94.97% to Rs 49.66 crore in the quarter ended December 2007 as against Rs 25.47 crore during the previous quarter ended December 2006. Sales rose 28.24% to Rs 145.25 crore in the quarter ended December 2007 as against Rs 113.26 crore during the previous quarter ended December 2006.
Source: http://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.
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Govt eases FDI caps in some sectors
Govt eases FDI caps in some sectors
Easier FDI norms likely for industrial parks
Media FDI norms up for review
NEW DELHI: Government on Wednesday approved easing caps on foreign investment in sectors such as civil aviation, petroleum and natural gas and commodity exchanges, Information and Broadcasting Minister Priyaranjan Dasmunsi said. "The union cabinet reviewed and approved foreign direct investment policy for further liberalisation in following sectors: civil aviation, petroleum and natural gas, commodity exchanges, credit information services, mining in titanium, industrial parks and construction and development," he told reporters.
"Details will be given shortly, he said. India hopes to attract foreign investment of $26 billion in the 2007/08 fiscal year that ends in March, substantially higher than $16 billion a year earlier. It approved an investment cap of 49 per cent in credit information companies, and said it would allow up to 100 per cent foreign direct investment in the mining of titanium-bearing minerals and ores. A limit of 74 per cent was imposed for investment in non-scheduled, chartered and cargo airlines.
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.
Easier FDI norms likely for industrial parks
Media FDI norms up for review
NEW DELHI: Government on Wednesday approved easing caps on foreign investment in sectors such as civil aviation, petroleum and natural gas and commodity exchanges, Information and Broadcasting Minister Priyaranjan Dasmunsi said. "The union cabinet reviewed and approved foreign direct investment policy for further liberalisation in following sectors: civil aviation, petroleum and natural gas, commodity exchanges, credit information services, mining in titanium, industrial parks and construction and development," he told reporters.
"Details will be given shortly, he said. India hopes to attract foreign investment of $26 billion in the 2007/08 fiscal year that ends in March, substantially higher than $16 billion a year earlier. It approved an investment cap of 49 per cent in credit information companies, and said it would allow up to 100 per cent foreign direct investment in the mining of titanium-bearing minerals and ores. A limit of 74 per cent was imposed for investment in non-scheduled, chartered and cargo airlines.
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.
29 India-based IT cos among world's best 100
29 India-based IT cos among world's best 100
Twenty-nine India-based companies have been listed among the best 100 IT service providers in a new survey, carried out with a view to assist business heads of major outsourcers identify reliable, innovative and tech savvy partners.
The toppers from each of the 10 categories that were identified included four companies each from India and the US and one company each from China and Mexico, said the survey by CyberMedia and Global Services Magazine.
They included India's Tata Consultancy Services [Get Quote], HCL Technologies [Get Quote], Genpact, WNS Global Services, America's EDS, Sitel, EPAM Systems and Computer Sciences Corporation, Mexico's Softtek and China's Neusoft, a release by Global Services Magazine said.
"The presence of four companies each from China and Malaysia, and three each from Russia and Brazil serves as a gentle reminder that these countries are emerging as viable outsourcing destinations," it said.
The year 2007 reported a total of 436 M&A deals in the services industry. Nearly one-third of the Global Services survey respondents said that they merged with or acquired one or more providers. Of these, 11 per cent confirmed acquisition of a consulting firm. The Indian service providers who derive between two-third to three-fourth of their revenues from the US are back to the drawing board to consider non-US avenues.
While many IT-services companies were looking towards Europe and Japan as potential markets, others have strengthened plans for servicing the maturing domestic Indian market, it said. India has emerged as the hub for global delivery with 57 per cent of the employees engaged in delivery centers located in India, followed by 18 per cent in the US.
Among the top ten winners would be the USD 4.3 billion software provider Tata Consultancy Services leading the list of best performing IT services companies. The best performing infrastructure service provider has gone to HCL Technologies, one of the earliest providers of Remote Infrastructure Management. The best performing BPO provider has gone to Genpact, which boasts over 30 delivery centers in the US, Mexico, India, China, Philippines, Romania and Hungary.
"With nearly one fourth of WNS Global Services' 17,000-employees working with FAO customers, it is not surprising to see this company top the best performing FAO providers list," the statement notes.
The title for the best performing Human Resources Outsourcing company goes to EDS, which was also listed among the top 10 best performing infrastructure service providers.
Infosys [Get Quote] Tech was listed among the top 10 in five categories.
The other companies to feature among the top firms across multiple categories include India's HCL Technologies with four and America's 24/7 Customer and Neoris, India's Genpact, EXL Services, Tata Consultancy Services and WNS Global Services and Philippines' SPi Technologies listed among top 10 in three categories.
Global Services has pointed out that the top 100 list and the ranks in the 10 categories are based on a scientific methodology, starting with the responses being clubbed under four broad buckets: Size (revenue, employee strength, geographies covered, etc.); customers; skills and others (attrition, training, etc.)
"The 2008 Global Services 100 represents the world's best providers of technology, customer service and business process services," said Pradeep Gupta Chairman of CyberMedia, publishers of the Global Services Magazine.
Other Rediff stories:
Y V Reddy on RBI's Credit Policy
FDI norms relaxed in civil aviation
Highlights of Credit Policy 2007-08
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.
Twenty-nine India-based companies have been listed among the best 100 IT service providers in a new survey, carried out with a view to assist business heads of major outsourcers identify reliable, innovative and tech savvy partners.
The toppers from each of the 10 categories that were identified included four companies each from India and the US and one company each from China and Mexico, said the survey by CyberMedia and Global Services Magazine.
They included India's Tata Consultancy Services [Get Quote], HCL Technologies [Get Quote], Genpact, WNS Global Services, America's EDS, Sitel, EPAM Systems and Computer Sciences Corporation, Mexico's Softtek and China's Neusoft, a release by Global Services Magazine said.
"The presence of four companies each from China and Malaysia, and three each from Russia and Brazil serves as a gentle reminder that these countries are emerging as viable outsourcing destinations," it said.
The year 2007 reported a total of 436 M&A deals in the services industry. Nearly one-third of the Global Services survey respondents said that they merged with or acquired one or more providers. Of these, 11 per cent confirmed acquisition of a consulting firm. The Indian service providers who derive between two-third to three-fourth of their revenues from the US are back to the drawing board to consider non-US avenues.
While many IT-services companies were looking towards Europe and Japan as potential markets, others have strengthened plans for servicing the maturing domestic Indian market, it said. India has emerged as the hub for global delivery with 57 per cent of the employees engaged in delivery centers located in India, followed by 18 per cent in the US.
Among the top ten winners would be the USD 4.3 billion software provider Tata Consultancy Services leading the list of best performing IT services companies. The best performing infrastructure service provider has gone to HCL Technologies, one of the earliest providers of Remote Infrastructure Management. The best performing BPO provider has gone to Genpact, which boasts over 30 delivery centers in the US, Mexico, India, China, Philippines, Romania and Hungary.
"With nearly one fourth of WNS Global Services' 17,000-employees working with FAO customers, it is not surprising to see this company top the best performing FAO providers list," the statement notes.
The title for the best performing Human Resources Outsourcing company goes to EDS, which was also listed among the top 10 best performing infrastructure service providers.
Infosys [Get Quote] Tech was listed among the top 10 in five categories.
The other companies to feature among the top firms across multiple categories include India's HCL Technologies with four and America's 24/7 Customer and Neoris, India's Genpact, EXL Services, Tata Consultancy Services and WNS Global Services and Philippines' SPi Technologies listed among top 10 in three categories.
Global Services has pointed out that the top 100 list and the ranks in the 10 categories are based on a scientific methodology, starting with the responses being clubbed under four broad buckets: Size (revenue, employee strength, geographies covered, etc.); customers; skills and others (attrition, training, etc.)
"The 2008 Global Services 100 represents the world's best providers of technology, customer service and business process services," said Pradeep Gupta Chairman of CyberMedia, publishers of the Global Services Magazine.
Other Rediff stories:
Y V Reddy on RBI's Credit Policy
FDI norms relaxed in civil aviation
Highlights of Credit Policy 2007-08
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.
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