The world's top 10 companies
World's top 10 companies
July 31, 2008
HSBC Holdings tops the Forbes 2000 list, it's followed by General Electric and Bank of America.
The rankings are based on a combination of the sales, profits, assets and market capitalisation of these companies. Check out the world's top ten companies
1. HSBC Holdings
2. General Electric
3. Bank of America
4. JPMorgan Chase
5. ExxonMobil
6. Royal Dutch Shell
7. BP
8. Toyota Motor Co
9. ING Group
10. Berkshire Hathaway
For full article: The world's top 10 companies
Source:Rediff
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01 August 2008
Selling gas to RNRL will lead to loss of $900 mn: RIL
Selling gas to RNRL will lead to loss of $900 mn: RIL
Reliance Industries on Thursday informed the Bombay High Court that it would incur losses in the range of $600-900 million annually if it supplies gas to Anil Ambani-owned Reliance Natural Resources Ltd at 2.34 dollars per mmBtu. Mukesh Ambani-owned RIL told the court that it could not promise a fixed quantity of gas to RNRL at 2.34 dollars, which is much lower than the price fixed by the government at 4 dollars per mmBtu. If RIL entered into a contract to supply the fixed quantity of gas at 2.34 dollars, it would incur annual losses ranging from $600 to 900 million, RIL told the high court. Division bench of Justices J N Patel and K Tated is hearing the dispute over gas supply from the Krishna-Godavari basin between RIL and RNRL.
RIL's counsel Harish Salve argued that RNRL's power plant was not going to commence before 2010 and till then, RIL could not be restrained from extracting gas. As such, RIL could not wait for RNRL's power plant to come up and so they had to enter into gas sale purchase agreements (GSPA) with third parties. Once RNRL notified it that their plant was working, they could enter into GSPA between them.
"The country needs the gas and if we keep waiting for RNRL, the government which owns the natural resource, will take us out of contract by 2025 anyway when the lease ends," said Salve. RNRL has already given up its right on the gas for trading earlier, which they are trying to revive, he contended and added that the Gas Supply Master Agreement between RIL and RNRL specifically includes supply of gas on a suitable agreement for RNRL's power plants. Regarding supply of gas for the RNRL power plant when it comes up, the quantity can be decided in accordance with a formula considering the total resource of gas available, the tenure for which the extraction will be carried out less the share that has to be given to the government on an annual basis, Salve contended.
RNRL is entitled to 28 mmscmd of gas when the production reaches 40 mmscmd. If RNRL want to procure more in case when the production increases, it will have to purchase it at market price, he said. The GSPA has to be revised in accordance with the annual production of gas, he further said.
Also, just because RIL and RNRL are in dispute, the production sharing contract (PSC) with the government cannot be compromised, added Salve. "We are ready to give the gas at the fixed price provided the government approves such price," he said. RNRL has been citing the memorandum of understanding between the two companies regarding the fixed quantity of gas at the said price but the MOU cannot supercede the PSC with the government, he contended. Also, the government has specifically said that the prices of gas to any third party other than itself has to be at arms-length prices, Salve argued.
RIL has invested $8 billion in the project, he told the court. Salve will continue to argue on the MOU, the documents in connection with the MOU and what is the scope of the company's jurisdiction regarding gas supply in the next hearing on August 5.
Gas production from RIL's D6 field delayed
India Reliance refinery trial runs by Sept
ONGC to invest $3 bn for exploration in KG basin
----------------------------------------
Other Top news from ET:
Tata Steel Q1 net up to Rs 1,488 cr
Inflation marginally up at 11.98 per cent
'RCom looks for global acquisitions'
Sintex buys 90 pc in German component maker
Brokers to let you trade directly
Rain Commodities under funds radar
India's top 10 asset management firms
Source:ET
Reliance Industries on Thursday informed the Bombay High Court that it would incur losses in the range of $600-900 million annually if it supplies gas to Anil Ambani-owned Reliance Natural Resources Ltd at 2.34 dollars per mmBtu. Mukesh Ambani-owned RIL told the court that it could not promise a fixed quantity of gas to RNRL at 2.34 dollars, which is much lower than the price fixed by the government at 4 dollars per mmBtu. If RIL entered into a contract to supply the fixed quantity of gas at 2.34 dollars, it would incur annual losses ranging from $600 to 900 million, RIL told the high court. Division bench of Justices J N Patel and K Tated is hearing the dispute over gas supply from the Krishna-Godavari basin between RIL and RNRL.
RIL's counsel Harish Salve argued that RNRL's power plant was not going to commence before 2010 and till then, RIL could not be restrained from extracting gas. As such, RIL could not wait for RNRL's power plant to come up and so they had to enter into gas sale purchase agreements (GSPA) with third parties. Once RNRL notified it that their plant was working, they could enter into GSPA between them.
"The country needs the gas and if we keep waiting for RNRL, the government which owns the natural resource, will take us out of contract by 2025 anyway when the lease ends," said Salve. RNRL has already given up its right on the gas for trading earlier, which they are trying to revive, he contended and added that the Gas Supply Master Agreement between RIL and RNRL specifically includes supply of gas on a suitable agreement for RNRL's power plants. Regarding supply of gas for the RNRL power plant when it comes up, the quantity can be decided in accordance with a formula considering the total resource of gas available, the tenure for which the extraction will be carried out less the share that has to be given to the government on an annual basis, Salve contended.
RNRL is entitled to 28 mmscmd of gas when the production reaches 40 mmscmd. If RNRL want to procure more in case when the production increases, it will have to purchase it at market price, he said. The GSPA has to be revised in accordance with the annual production of gas, he further said.
Also, just because RIL and RNRL are in dispute, the production sharing contract (PSC) with the government cannot be compromised, added Salve. "We are ready to give the gas at the fixed price provided the government approves such price," he said. RNRL has been citing the memorandum of understanding between the two companies regarding the fixed quantity of gas at the said price but the MOU cannot supercede the PSC with the government, he contended. Also, the government has specifically said that the prices of gas to any third party other than itself has to be at arms-length prices, Salve argued.
RIL has invested $8 billion in the project, he told the court. Salve will continue to argue on the MOU, the documents in connection with the MOU and what is the scope of the company's jurisdiction regarding gas supply in the next hearing on August 5.
Gas production from RIL's D6 field delayed
India Reliance refinery trial runs by Sept
ONGC to invest $3 bn for exploration in KG basin
----------------------------------------
Other Top news from ET:
Tata Steel Q1 net up to Rs 1,488 cr
Inflation marginally up at 11.98 per cent
'RCom looks for global acquisitions'
Sintex buys 90 pc in German component maker
Brokers to let you trade directly
Rain Commodities under funds radar
India's top 10 asset management firms
Source:ET
31 July 2008
Tata Steel Q1 standalone net up 22%,RCom Q1 profit up 24% at Rs 1,512 cr
Tata Steel Q1 net profit up 21.78% at Rs 1488.40 cr
Tata Steel Q1 standalone net up 22%
Tata Steel Q1 net climbs 21.79%
MUMBAI: Helped by higher volume and better product mix, Tata Steel has posted a forecast-beating 21.8% increase in standalone net profit at Rs 1488.40 crore for the quarter ended June 30, 2008, (Q1FY09) when compared with Rs 1,222.11 crore for the quarter ended June 30, 2007.According to an official release issued by the company to the BSE today, total income has increased to Rs 6,177.25 crore for the quarter ended June 30, 2008, from Rs 4305.33 crore for the quarter ended June 30, 2007.
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Tata Steel disclosed a small increase in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 21.79% to Rs 14,884.00 million from Rs 12,221.10 million in the same quarter, last year.
The company reported earnings of Rs 19.94 a share during the quarter, registering 1.43% decline over previous year period.
Net sales for the quarter surged 46.87% to Rs 61,650.30 million, while total income for the quarter jumped 42.21% to Rs 61,772.50 million, when compared with the prior year period.
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RCom Q1 profit up 24% at Rs 1,512 cr
Rel Comm Q1 net profit up 0.6% at 1512 cr
RCom consolidated net rises 23.90% in Jun`08 qtr
MUMBAI: Anil Ambani group's telecom arm Reliance Communications Ltd (RCom) on Thursday posted a first quarter profit of Rs 1,512 crore, up 23.9 per cent from the same period last fiscal.
The company's revenue rose 23.7 per cent to Rs 5,322 crore. – PTI
Its net sales were up 0.2% at Rs 5322 crore versus Rs 5,311.3 crore, QoQ.
Its EBITDA margin was down at 42.3% versus 43.62%. Operating profit went down 2.88% from Rs 2316.8 crore to Rs 2250 crore.
OPM’sQ109: 42.28%Q408: 43.62%Q308: 43.21%Q208: 42.85%Q108: 42.15%
According to CNBC-TV18 estimates, Its net profit was seen up 3.63% from Rs 1502.8 crore to Rs 1557.32 crore, QoQ.
Its revenues were seen up 7.95% from Rs 5311.3 crore to Rs 5733.92 crore
Tata Steel Q1 standalone net up 22%
Tata Steel Q1 net climbs 21.79%
MUMBAI: Helped by higher volume and better product mix, Tata Steel has posted a forecast-beating 21.8% increase in standalone net profit at Rs 1488.40 crore for the quarter ended June 30, 2008, (Q1FY09) when compared with Rs 1,222.11 crore for the quarter ended June 30, 2007.According to an official release issued by the company to the BSE today, total income has increased to Rs 6,177.25 crore for the quarter ended June 30, 2008, from Rs 4305.33 crore for the quarter ended June 30, 2007.
******************
Tata Steel disclosed a small increase in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 21.79% to Rs 14,884.00 million from Rs 12,221.10 million in the same quarter, last year.
The company reported earnings of Rs 19.94 a share during the quarter, registering 1.43% decline over previous year period.
Net sales for the quarter surged 46.87% to Rs 61,650.30 million, while total income for the quarter jumped 42.21% to Rs 61,772.50 million, when compared with the prior year period.
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RCom Q1 profit up 24% at Rs 1,512 cr
Rel Comm Q1 net profit up 0.6% at 1512 cr
RCom consolidated net rises 23.90% in Jun`08 qtr
MUMBAI: Anil Ambani group's telecom arm Reliance Communications Ltd (RCom) on Thursday posted a first quarter profit of Rs 1,512 crore, up 23.9 per cent from the same period last fiscal.
The company's revenue rose 23.7 per cent to Rs 5,322 crore. – PTI
*****
Reliance Communication has announced its first quarter results. The company's Q1 results were inline with expectations, its net profit was up 0.6% at 1512 crore versus 1502 crore, QoQ.Its net sales were up 0.2% at Rs 5322 crore versus Rs 5,311.3 crore, QoQ.
Its EBITDA margin was down at 42.3% versus 43.62%. Operating profit went down 2.88% from Rs 2316.8 crore to Rs 2250 crore.
OPM’sQ109: 42.28%Q408: 43.62%Q308: 43.21%Q208: 42.85%Q108: 42.15%
According to CNBC-TV18 estimates, Its net profit was seen up 3.63% from Rs 1502.8 crore to Rs 1557.32 crore, QoQ.
Its revenues were seen up 7.95% from Rs 5311.3 crore to Rs 5733.92 crore
*****
Reliance Communications (RCom), on consolidated basis, posted a 23.90% rise in profit after tax of Rs 15,121.50 million for the quarter ended Jun. 30, 2008 as compared to Rs 12,204.30 million for the quarter ended Jun. 30, 2007.
Total Income increased by 23.66% to Rs 53,221.70 million for the quarter ended Jun. 30, 2008 from Rs 43,037 million for the quarter ended Jun. 30, 2007.
On standalone basis, the company reported a phenomenal drop in net profit for the quarter ended June 2008. During the quarter, the profit of the company declined 58.51% to Rs 3,473.80 million from Rs 8,373.00 million in the same quarter, previous year.
The company posted earnings of Rs 1.68 a share during the quarter, registering 59.02% decline over previous year period.
Net sales for the quarter rose 10.19% to Rs 35,579.70 million, while total income for the quarter rose 10.20% to Rs 35,590.60 million, when compared with the prior year period.
Total Income increased by 23.66% to Rs 53,221.70 million for the quarter ended Jun. 30, 2008 from Rs 43,037 million for the quarter ended Jun. 30, 2007.
On standalone basis, the company reported a phenomenal drop in net profit for the quarter ended June 2008. During the quarter, the profit of the company declined 58.51% to Rs 3,473.80 million from Rs 8,373.00 million in the same quarter, previous year.
The company posted earnings of Rs 1.68 a share during the quarter, registering 59.02% decline over previous year period.
Net sales for the quarter rose 10.19% to Rs 35,579.70 million, while total income for the quarter rose 10.20% to Rs 35,590.60 million, when compared with the prior year period.
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A leading real estate developer, DLF today announced the un-audited results for the first quarter ended Jun. 30, 2008.Consolidated ResultsThe company posted a 22.99% increase in net profit of Rs 18,639.70 million for the quarter ended Jun. 30, 2008 as compared to Rs 15,154.80 million for the quarter ended Jun. 30, 2007. Total revenue increased by 23.24% to Rs 38,463.40 million for the quarter ended Jun. 30, 2008, from Rs 31,209.80 million for the quarter ended Jun. 30, 2007.
Standalone Results
The company announced a good increase in its standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 21.01% to Rs 7,009.90 million from Rs 5,792.70 million in the same quarter, previous year.
The company reported earnings of Rs 4.11 a share during the quarter, registering 9.02% growth over previous year period.
Net sales for the quarter rose 13.97% to Rs 12,786.10 million, while total income for the quarter rose 23.76% to Rs 14,938.60 million, when compared with the prior year period
Standalone Results
The company announced a good increase in its standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 21.01% to Rs 7,009.90 million from Rs 5,792.70 million in the same quarter, previous year.
The company reported earnings of Rs 4.11 a share during the quarter, registering 9.02% growth over previous year period.
Net sales for the quarter rose 13.97% to Rs 12,786.10 million, while total income for the quarter rose 23.76% to Rs 14,938.60 million, when compared with the prior year period
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National Aluminium Company (NALCO), a leading aluminum manufacturer, reported better than expected growth in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company climbed 17.61% to Rs 5,253.30 million from Rs 4,466.60 million in the same quarter, previous year. The analysts polled by Bloomberg had estimated earnings of Rs 4,617.50 million for the first quarter of financial year 2009.Net sales for the quarter went up 25.94% to Rs 14,674.90 million as against Rs 14,051.50 million estimated by analysts, while total income for the quarter rose 22.95% to Rs 15,937.00 million when compared with the prior year period.
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Ispat Industries, an integrated steel maker, reported a sharp rise in its standalone net profit for the first quarter ended June 2008, helped by strong sales growth coupled with substantial improvement in operating efficiency. During the quarter, the profit of the company surged 3.43 times to Rs 287.30 million from Rs 83.70 million in the same quarter, previous year. The company reported earnings of Rs 0.08 a share during the quarter compared with a loss of Rs 0.09 a share in previous year period.Net sales for the quarter surged 53.74% to Rs 27,878.10 million, while total income for the quarter jumped 54.67% to Rs 28,757.80 million, when compared with the prior year period.
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Adlabs Films disclosed a phenomenal drop in its standalone net profit for the quarter ended June 2008, hurt by higher operating cost. During the quarter, the profit of the company declined 94.86% to Rs 11.53 million from Rs 224.31 million in the same quarter, previous year.
The company posted earnings of Rs 0.25 a share during the quarter, registering 95.57% decline over previous year period.Net sales for the quarter rose 3.63 times to Rs 1,851.94 million, while total income for the quarter jumped 2.95 times to Rs 2,095.00 million, when compared with the prior year period.
The company posted earnings of Rs 0.25 a share during the quarter, registering 95.57% decline over previous year period.Net sales for the quarter rose 3.63 times to Rs 1,851.94 million, while total income for the quarter jumped 2.95 times to Rs 2,095.00 million, when compared with the prior year period.
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Source: indiaearnings,myiris,capitalmarket websites.
Source:
Results: Suzlon, Yesbk,Fintech,CBI,Daburpharma, JSW steel,Titan, NALCO,Videocon, PSTL,Adlabs etc
Yes Bank Q1 standalone net jumps 50.92%
Yes Bank reported a substantial rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 50.92% to Rs 543.30 million from Rs 360 million in the same quarter, previous year. The company reported earnings of Rs 1.83 a share during the quarter, registering 41.86% growth over previous year period.
Parsvnath Developers Q1 net declines 15.59%
Provogue (India) net rises 27.67% in Jun`08 qtr
Financial Tech Q1 net profit at Rs 169.9 cr
has announced its first quarter numbers. Its Q1 standalone net profit stood at Rs 169.9 crore.
Finolex Cable Q1 net profit at Rs 45 cr
Finolex Cable has declared its first quarter numbers. Its Q1 net profit before exceptional items rose to Rs 45 crore versus Rs 31.8 crore.
Brigade Ent Q1 net profit at Rs 26.56 cr
HTMT Global Sol Q1 net profit at Rs 20.07 cr
Balrampur Chini Q3 net profit at Rs 16.9 cr
Balrampur Chini has declared its third quarter results. The company's Q3 standalone net profit was at Rs 16.9 crore versus net loss of Rs 47.3 crore.
Dabur Pharma Q1 net profit at Rs 27.7 cr
Dabur Pharma has announced its first quarter results. The company Q1 net profit was at Rs 27.7 crore.
Jindal Saw Q1 net profit at Rs 70.2 cr
Titan Ind Q1 net profit up at Rs 32.2 cr
Titan Industries has declared its first quarter results. The company's Q1 standalone net profit was up at Rs 32.2 crore versus Rs 12.6 crore.
NALCO Q1 net profit at Rs 525 cr
National Aluminium Company (NALCO), has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 525 crore versus Rs 446.7 crore.
Cummins India Q1 standalone net rises 37.83%
Cummins India reported a considerable rise in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 37.83% to Rs 882.40 million from Rs 640.20 million in the same quarter last year.
The company posted earnings of Rs 4.46 a share during the quarter, registering 38.08% growth over previous year period.
Federal Bank Q1 net rises marginally by 1.81%
Gayatri Project Q1 net profit up at Rs 11.2 cr
JSW Steel Q1 cons net profit at Rs 250.23 cr
JSW Steel has declared its first quarter results. The company's Q1 consolidated net profit was down at Rs 250.23 crore versus Rs 426.17 crore, YoY.
Allied Digital net jumps 73.04% in Jun`08 qtr
Allied Digital Services reported a phenomenal rise in its standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 73.04% to Rs 156.60 million from Rs 90.50 million in the same quarter, previous year.The company reported earnings of Rs 9.05 a share during the quarter, registering 27.64% growth over prior year period.
Videocon Ind Q1 net profit at Rs 255 cr
The company's Q1 net profit was at Rs 255 crore.
Pyramid Saimira net drops 15.69% for Jun`08 qtr
Pyramid Saimira Theatre announced a sharp drop in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company declined 15.69% to Rs 134.97 million from Rs 160.08 million in the same quarter last year. The company reported earnings of Rs 4.77 a share during the quarter, registering 15.72% decline over previous year period.
Kesoram Ind Q1 net profit up at Rs 118.49 crore
BEML Q1 net loss at Rs 17.43 cr
Nagarjuna Cons Q1 net profit at Rs 37.08 cr
Nagarjuna Construction has come out with first quarter numbers. Its Q1 standalone net profit increased at Rs 37.08 crore from Rs 36.03 crore.
AIA Engg Q1 cons net profit at Rs 39.8 cr
Bharat Forge Q1 cons net profit at Rs 40.9 cr
KEC International Q1 net profit at Rs 25.5 cr
Piramal Life Q1 net loss at Rs 21.3 cr
Shriram Transport Q1 net profit at Rs 144 cr
Its Q1 net profit increased at Rs 144 crore from Rs 75 crore YoY.
Arvind Q1 net profit at Rs 3.8 cr
Yes Bank Q1 net profit up 50% at Rs 54 cr
Its Q1 net profit rose by 50% at Rs 54 crore from Rs 36 crore, which was way above estimated amount of Rs 48.73 crore.
Texmaco Q1 net profit at Rs 22 cr
Castrol India Q2 net profit at Rs 82.8 cr
The company's net profit was at Rs 82.8 crore versus Rs 65.9 crore.
BSEL Infra Q1 cons net profit at Rs 3.5 cr
Madhucon Proj Q1 net profit at Rs 14.8 cr
Aarti Industries Q1 net profit at Rs 33.2 cr
GMDC Q1 net profit at Rs 72.3 cr
The company's Q1 net profit was at Rs 72.3 crore versus Rs 65.2 crore.
Radico Khaitan Q1 net profit at Rs 6.8 cr
Everest Kanto Q1 cons net profit at Rs 35 cr
Its Q1 consolidated net profit was at Rs 35 crore versus Rs 22.2 crore.
Gujarat Alkalies Q1 net profit at Rs 54.5 cr
Its Q1 net profit was at Rs 54.5 crore versus Rs 50.5 crore.
Suzlon Energy Q1 net up 97% at Rs 39.4 cr
It has posted 97% growth in its Q1 consolidated net profit of Rs 39.4 crore as against Rs 20 crore.
Indiabulls Real Estate Q1 net profit at Rs 6.8 cr
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Other Results:
PNB Gilts reports net loss of Rs 56.01 crore in the June 2008 quarter
Asian Electronics net profit declines 93.78% in the June 2008 quarter
Birla Corporation net profit declines 5.81% in the June 2008 quarter
Bharat Bijlee net profit declines 39.21% in the June 2008 quarter
Voltamp Transformers net profit rises 36.05% in the June 2008 quarter
Net profit of Voltamp Transformers rose 36.05% to Rs 23.17 crore in the quarter ended June 2008 as against Rs 17.03 crore during the previous quarter ended June 2007. Sales rose 31.62% to Rs 170.15 crore in the quarter ended June 2008 as against Rs 129.27 crore during the previous quarter ended June 2007.
Vakrangee Softwares net profit rises 96.41% in the June 2008 quarter
Prithvi Information Solutions reports net loss of Rs 6.99 crore in the June 2008 quarter
Apar Industries net profit rises 32.89% in the June 2008 quarter
Blue Dart Express net profit rises 20.35% in the June 2008 quarter
Uttam Galva Steels net profit rises 16.88% in the June 2008 quarter
Dabur Pharma net profit declines 79.21% in the June 2008 quarter
Videocon Industries net profit rises 4.06% in the June 2008 quarter
Mahanagar Telephone Nigam net profit rises 15.15% in the June 2008 quarter
Net profit of Mahanagar Telephone Nigam rose 15.15% to Rs 115.20 crore in the quarter ended June 2008 as against Rs 100.04 crore during the previous quarter ended June 2007. Sales declined 6.08% to Rs 1121.65 crore in the quarter ended June 2008 as against Rs 1194.27 crore during the previous quarter ended June 2007
JSW Steel net profit declines 53.18% in the June 2008 quarter
Balrampur Chini Mills reports net profit of Rs 16.85 crore in the June 2008 quarter
Bajaj Hindusthan reports net loss of Rs 35.41 crore in the June 2008 quarter
Opto Circuits (India) net profit rises 30.56% in the June 2008 quarter
Titan Industries net profit rises 154.91% in the June 2008 quarter
Net profit of Titan Industries rose 154.91% to Rs 32.22 crore in the quarter ended June 2008 as against Rs 12.64 crore during the previous quarter ended June 2007. Sales rose 23.25% to Rs 810.31 crore in the quarter ended June 2008 as against Rs 657.47 crore during the previous quarter ended June 2007.
Central Bank of India reports net profit of Rs 59.32 crore in the June 2008 quarter
Central Bank of India reported net profit of Rs 59.32 crore in the quarter ended June 2008. Total operating income reported at Rs 2411.29 crore in the quarter ended June 2008.
Nagarjuna Construction Company net profit rises 2.91% in the June 2008 quarter
Shriram City Union Finance net profit rises 58.81% in the June 2008 quarter
Shriram Transport Finance Company net profit rises 87.74% in the June 2008 quarter
IQMS Software net profit rises 94.74% in the June 2008 quarter
Karuturi Global net profit rises 32.68% in the June 2008 quarter
Bongaigaon Refinery & Petrochemicals net profit rises 37.86% in the June 2008 quarter
Gokul Refoils and Solvent reports net profit of Rs 22.18 crore in the June 2008 quarter
Alok Industries net profit declines 48.46% in the June 2008 quarter
Numeric Power Systems net profit rises 44.44% in the June 2008 quarter
Source: indiaearnings, capitalmarket
Yes Bank reported a substantial rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 50.92% to Rs 543.30 million from Rs 360 million in the same quarter, previous year. The company reported earnings of Rs 1.83 a share during the quarter, registering 41.86% growth over previous year period.
Parsvnath Developers Q1 net declines 15.59%
Provogue (India) net rises 27.67% in Jun`08 qtr
Financial Tech Q1 net profit at Rs 169.9 cr
has announced its first quarter numbers. Its Q1 standalone net profit stood at Rs 169.9 crore.
Finolex Cable Q1 net profit at Rs 45 cr
Finolex Cable has declared its first quarter numbers. Its Q1 net profit before exceptional items rose to Rs 45 crore versus Rs 31.8 crore.
Brigade Ent Q1 net profit at Rs 26.56 cr
HTMT Global Sol Q1 net profit at Rs 20.07 cr
Balrampur Chini Q3 net profit at Rs 16.9 cr
Balrampur Chini has declared its third quarter results. The company's Q3 standalone net profit was at Rs 16.9 crore versus net loss of Rs 47.3 crore.
Dabur Pharma Q1 net profit at Rs 27.7 cr
Dabur Pharma has announced its first quarter results. The company Q1 net profit was at Rs 27.7 crore.
Jindal Saw Q1 net profit at Rs 70.2 cr
Titan Ind Q1 net profit up at Rs 32.2 cr
Titan Industries has declared its first quarter results. The company's Q1 standalone net profit was up at Rs 32.2 crore versus Rs 12.6 crore.
NALCO Q1 net profit at Rs 525 cr
National Aluminium Company (NALCO), has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 525 crore versus Rs 446.7 crore.
Cummins India Q1 standalone net rises 37.83%
Cummins India reported a considerable rise in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 37.83% to Rs 882.40 million from Rs 640.20 million in the same quarter last year.
The company posted earnings of Rs 4.46 a share during the quarter, registering 38.08% growth over previous year period.
Federal Bank Q1 net rises marginally by 1.81%
Gayatri Project Q1 net profit up at Rs 11.2 cr
JSW Steel Q1 cons net profit at Rs 250.23 cr
JSW Steel has declared its first quarter results. The company's Q1 consolidated net profit was down at Rs 250.23 crore versus Rs 426.17 crore, YoY.
Allied Digital net jumps 73.04% in Jun`08 qtr
Allied Digital Services reported a phenomenal rise in its standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 73.04% to Rs 156.60 million from Rs 90.50 million in the same quarter, previous year.The company reported earnings of Rs 9.05 a share during the quarter, registering 27.64% growth over prior year period.
Videocon Ind Q1 net profit at Rs 255 cr
The company's Q1 net profit was at Rs 255 crore.
Pyramid Saimira net drops 15.69% for Jun`08 qtr
Pyramid Saimira Theatre announced a sharp drop in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company declined 15.69% to Rs 134.97 million from Rs 160.08 million in the same quarter last year. The company reported earnings of Rs 4.77 a share during the quarter, registering 15.72% decline over previous year period.
Kesoram Ind Q1 net profit up at Rs 118.49 crore
BEML Q1 net loss at Rs 17.43 cr
Nagarjuna Cons Q1 net profit at Rs 37.08 cr
Nagarjuna Construction has come out with first quarter numbers. Its Q1 standalone net profit increased at Rs 37.08 crore from Rs 36.03 crore.
AIA Engg Q1 cons net profit at Rs 39.8 cr
Bharat Forge Q1 cons net profit at Rs 40.9 cr
KEC International Q1 net profit at Rs 25.5 cr
Piramal Life Q1 net loss at Rs 21.3 cr
Shriram Transport Q1 net profit at Rs 144 cr
Its Q1 net profit increased at Rs 144 crore from Rs 75 crore YoY.
Arvind Q1 net profit at Rs 3.8 cr
Yes Bank Q1 net profit up 50% at Rs 54 cr
Its Q1 net profit rose by 50% at Rs 54 crore from Rs 36 crore, which was way above estimated amount of Rs 48.73 crore.
Texmaco Q1 net profit at Rs 22 cr
Castrol India Q2 net profit at Rs 82.8 cr
The company's net profit was at Rs 82.8 crore versus Rs 65.9 crore.
BSEL Infra Q1 cons net profit at Rs 3.5 cr
Madhucon Proj Q1 net profit at Rs 14.8 cr
Aarti Industries Q1 net profit at Rs 33.2 cr
GMDC Q1 net profit at Rs 72.3 cr
The company's Q1 net profit was at Rs 72.3 crore versus Rs 65.2 crore.
Radico Khaitan Q1 net profit at Rs 6.8 cr
Everest Kanto Q1 cons net profit at Rs 35 cr
Its Q1 consolidated net profit was at Rs 35 crore versus Rs 22.2 crore.
Gujarat Alkalies Q1 net profit at Rs 54.5 cr
Its Q1 net profit was at Rs 54.5 crore versus Rs 50.5 crore.
Suzlon Energy Q1 net up 97% at Rs 39.4 cr
It has posted 97% growth in its Q1 consolidated net profit of Rs 39.4 crore as against Rs 20 crore.
Indiabulls Real Estate Q1 net profit at Rs 6.8 cr
------------------------------------------------
Other Results:
PNB Gilts reports net loss of Rs 56.01 crore in the June 2008 quarter
Asian Electronics net profit declines 93.78% in the June 2008 quarter
Birla Corporation net profit declines 5.81% in the June 2008 quarter
Bharat Bijlee net profit declines 39.21% in the June 2008 quarter
Voltamp Transformers net profit rises 36.05% in the June 2008 quarter
Net profit of Voltamp Transformers rose 36.05% to Rs 23.17 crore in the quarter ended June 2008 as against Rs 17.03 crore during the previous quarter ended June 2007. Sales rose 31.62% to Rs 170.15 crore in the quarter ended June 2008 as against Rs 129.27 crore during the previous quarter ended June 2007.
Vakrangee Softwares net profit rises 96.41% in the June 2008 quarter
Prithvi Information Solutions reports net loss of Rs 6.99 crore in the June 2008 quarter
Apar Industries net profit rises 32.89% in the June 2008 quarter
Blue Dart Express net profit rises 20.35% in the June 2008 quarter
Uttam Galva Steels net profit rises 16.88% in the June 2008 quarter
Dabur Pharma net profit declines 79.21% in the June 2008 quarter
Videocon Industries net profit rises 4.06% in the June 2008 quarter
Mahanagar Telephone Nigam net profit rises 15.15% in the June 2008 quarter
Net profit of Mahanagar Telephone Nigam rose 15.15% to Rs 115.20 crore in the quarter ended June 2008 as against Rs 100.04 crore during the previous quarter ended June 2007. Sales declined 6.08% to Rs 1121.65 crore in the quarter ended June 2008 as against Rs 1194.27 crore during the previous quarter ended June 2007
JSW Steel net profit declines 53.18% in the June 2008 quarter
Balrampur Chini Mills reports net profit of Rs 16.85 crore in the June 2008 quarter
Bajaj Hindusthan reports net loss of Rs 35.41 crore in the June 2008 quarter
Opto Circuits (India) net profit rises 30.56% in the June 2008 quarter
Titan Industries net profit rises 154.91% in the June 2008 quarter
Net profit of Titan Industries rose 154.91% to Rs 32.22 crore in the quarter ended June 2008 as against Rs 12.64 crore during the previous quarter ended June 2007. Sales rose 23.25% to Rs 810.31 crore in the quarter ended June 2008 as against Rs 657.47 crore during the previous quarter ended June 2007.
Central Bank of India reports net profit of Rs 59.32 crore in the June 2008 quarter
Central Bank of India reported net profit of Rs 59.32 crore in the quarter ended June 2008. Total operating income reported at Rs 2411.29 crore in the quarter ended June 2008.
Nagarjuna Construction Company net profit rises 2.91% in the June 2008 quarter
Shriram City Union Finance net profit rises 58.81% in the June 2008 quarter
Shriram Transport Finance Company net profit rises 87.74% in the June 2008 quarter
IQMS Software net profit rises 94.74% in the June 2008 quarter
Karuturi Global net profit rises 32.68% in the June 2008 quarter
Bongaigaon Refinery & Petrochemicals net profit rises 37.86% in the June 2008 quarter
Gokul Refoils and Solvent reports net profit of Rs 22.18 crore in the June 2008 quarter
Alok Industries net profit declines 48.46% in the June 2008 quarter
Numeric Power Systems net profit rises 44.44% in the June 2008 quarter
Source: indiaearnings, capitalmarket
Labels:
Adlabs etc,
CBI,
Daburpharma,
FinTech,
JSW steel,
NALCO,
PSTL,
Results: Suzlon,
Titan,
Videocon,
Yesbk
29 July 2008
Results: NTPC,HeroHonda,Jetair,Punj Lloyd,REC,Ranbaxy,CorpBk,Praj,SakthiSugars,MLL, Rajesh Exports,Areva
Hero Honda Motors net profit rises 43.74% in the June 2008 quarter
NTPC net profit declines 27.15% in the June 2008 quarter
Jet Airways Q1 standalone net rises 4.64 times
Ashok Leyland net profit declines 42.66% in the June 2008 quarter
Punj Lloyd net profit rises 296.79% in the June 2008 quarter
Ankit Metal & Power net profit rises 84.75% in the June 2008 quarter
Rural Electrification Corporation reports net profit of Rs 272.56 crore in the June 2008 quarter
Titagarh Wagons reports net profit of Rs 24.07 crore in the June 2008 quarter
Visa Steel net profit rises 845.61% in the June 2008 quarter
Bhansali Engineering Polymers net profit declines 43.73% in the June 2008 quarter
Nitin Fire Protection Industries net profit rises 75.34% in the June 2008 quarter
Shiv-Vani Oil & Gas Exploration Services net profit rises 115.87% in the June 2008 quarter
KEI Industries net profit declines 40.82% in the June 2008 quarter
Television Eighteen India net profit rises 17.41% in the June 2008 quarter
Deccan Chronicle Holdings net profit declines 27.19% in the June 2008 quarter
Ranbaxy Laboratories net profit declines 91.85% in the June 2008 quarter
Corporation Bank net profit rises 4.06% in the June 2008 quarter
Praj Industries net profit declines 12.70% in the June 2008 quarter
Sunil Hitech Engineers net profit rises 97.97% in the June 2008 quarter
India Infoline reports net profit of Rs 41.18 crore in the June 2008 quarter
Mundra Port & Special Economic Zone net profit rises 256.44% in the June 2008 quarter
Bank of Maharashtra net profit declines 42.84% in the June 2008 quarter
Omaxe net profit declines 14.55% in the June 2008 quarter
Harrisons Malayalam net profit rises 1308.33% in the June 2008 quarter
Selan Explorations Technology net profit rises 478.57% in the June 2008 quarter
GIC Housing Finance net profit rises 18.50% in the June 2008 quarter
Jain Irrigation Systems net profit rises 4.75% in the June 2008 quarter
Sanghvi Movers net profit rises 56.34% in the June 2008 quarter
Sundaram Finance net profit rises 59.11% in the June 2008 quarter
UTV Software Communications net profit rises 17.07% in the June 2008 quarter
Torrent Pharmaceuticals net profit rises 54.96% in the June 2008 quarter
GVK Power & Infrastructure net profit rises 20.00% in the June 2008 quarter
Sadbhav Engineering net profit rises 33.57% in the June 2008 quarter
Rashtriya Chemicals & Fertilizers net profit rises 147.21% in the June 2008 quarter
Jay Shree Tea & Industries net profit rises 273.13% in the June 2008 quarter
Punjab Chemicals & Crop Protection net profit rises 802.06% in the June 2008 quarter
Hotel Leela Venture net profit rises 10.84% in the June 2008 quarter
Asian Granito India net profit rises 64.31% in the June 2008 quarter
Deepak Fertilizers & Petrochemicals Corp net profit rises 98.76% in the June 2008 quarter
Cadila Healthcare net profit declines 16.17% in the June 2008 quarter
Godawari Power & Ispat net profit rises 81.71% in the June 2008 quarter
D S Kulkarni Developers net profit declines 27.57% in the June 2008 quarter
Sakthi Sugars net profit rises 359.18% in the June 2008 quarter
Manugraph India net profit rises 30.73% in the June 2008 quarter
Mukand net profit declines 15.45% in the June 2008 quarter
Areva T&D India net profit rises 70.83% in the June 2008 quarter
Finolex Industries net profit declines 52.06% in the June 2008 quarter
National Fertilizer net profit rises 159.02% in the June 2008 quarter
Subex reports net loss of Rs 58.34 crore in the June 2008 quarter
GlaxoSmithkline Consumer Healthcare net profit rises 9.15% in the June 2008 quarter
Thomas Cook (India) net profit rises 52.68% in the June 2008 quarter
Rajesh Exports net profit declines 18.27% in the June 2008 quarter
Hexaware Technologies net profit declines 90.22% in the June 2008 quarter
Mercator Lines net profit declines 74.67% in the June 2008 quarter
KRBL net profit rises 23308.33% in the June 2008 quarter
Tamil Nadu Newsprint & Papers net profit rises 3.88% in the June 2008 quarter
Source:CM,Myiris.com
Labels:
Areva,
CorpBk,
HeroHonda,
Jetair,
MLL,
Praj,
Punj Lloyd,
Rajesh Exports,
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REC,
Results: NTPC,
SakthiSugars
Sensex sinks 558 points, RBI hikes Repo rate by 50 bps, CRR by 25 bps
RBI hikes interest rates / RBI hikes repo rate by 50 bps, CRR by 25 bps
Sensex sinks 558 points as RBI hikes rates
Challenged by unrelenting inflationary pressures, the Reserve Bank of India on Tuesday announced stringent measures of hiking mandatory cash reserve of the banks and its short-term lending rate to them to suck up an estimated Rs 8,000 crore (Rs 80 billion).
Presenting the first quarter review of the annual statement on Credit and Monetary Policy for the year 2008-09 on Monday, RBI Governor Y V Reddy hiked cash reserve ratio by 0.25 per cent to 8.75 per cent and the short-term lending (repo) rate by 0.50 pre cent to 9.00 per cent.
According to analysts the move could make loans dearer for housing, car and personal expenses as also to the industry.
Highlights
Bank Rate kept unchanged.
Reverse Repo Rate under LAF kept unchanged.
Repo Rate increased by 50 basis points from 8.5 per cent to 9.00 per cent.
Cash Reserve Ratio to be increased by 25 basis points to 9.0 per cent with effect from the fortnight beginning August 30, 2008.
GDP growth projection for 2008-09 revised from the range of 8.0-8.5 per cent to around 8.0 per cent, barring domestic or external shocks.
While the policy actions would aim to bring down the current intolerable level of inflation to a tolerable level of below 5.0 per cent as soon as possible and around 3.0 per cent over the medium-term, at this juncture a realistic policy endeavour would be to bring down inflation from the current level of about 11.0-12.0 per cent to a level close to 7.0 per cent by March 31, 2009.
While there are early signs of some moderation in money supply and deposit growth, they continue to expand above the indicative projections warranting continuous vigilance and appropriate and timely policy responses.
In view of the evolving environment of heightened uncertainty in global markets and the dangers of potential spillovers to domestic markets, liquidity management will continue to receive priority in the hierarchy of policy objectives over the period ahead.
Barring the emergence of any adverse and unexpected developments in various sectors of the economy, assuming that capital flows are effectively managed, and keeping in view the current assessment of the economy including the outlook for growth and inflation, the overall stance of monetary policy in 2008-09 will broadly continue to be:
To ensure a monetary and interest rate environment that accords high priority to price stability, well-anchored inflation expectations and orderly conditions in financial markets while being conducive to continuation of the growth momentum.
To respond swiftly on a continuing basis to the evolving constellation of adverse international developments and to the domestic situation impinging on inflation expectations, financial stability and growth momentum, with both conventional and unconventional measures, as appropriate.
To emphasise credit quality as well as credit delivery, in particular, for employment-intensive sectors, while pursuing financial inclusion.
Domestic Developments
Real GDP growth in 2007-08 was revised upwards to 9.0 per cent by the Central Statistical Organisation (CSO) in its end-May 2008 estimates from the advance estimates of 8.7 per cent released in February 2008.
Inflation, measured by variations in the wholesale price index (WPI) on a year-on-year basis, increased to 11.89 per cent as on July 12, 2008 from 7.75 per cent as at end-March 2008 and 4.76 per cent a year ago.
On a year-on-year basis, inflation based on the consumer price index (CPI) for agricultural labourers and rural labourers increased to 8.8 per cent and 8.7 per cent, respectively, in June 2008 from 7.8 per cent and 7.5 per cent a year ago.
Year-on-year inflation based on CPI for industrial workers and urban non-manual employees stood at 7.8 per cent and 6.8 per cent, respectively, in May 2008 as compared with 6.6 per cent and 6.8 per cent a year ago.
The CPI-based inflation measures have increased in the range of 2.0-3.2 percentage points over their levels in January 2008.
The price of the Indian basket of crude oil increased from US $ 99.4 per barrel in March 2008 to US $ 129.8 in June 2008 and further to US $ 141.5 on July 3, 2008 before declining to US $ 121.9 on July 25, 2008.
Money supply (M3) increased by 20.5 per cent on a year-on-year basis on July 4, 2008, lower than 21.8 per cent a year ago.
The year-on-year growth in aggregate deposits of scheduled commercial banks (SCBs) at 21.7 per cent (Rs.5,89,646 crore) up to July 4, 2008 was lower than 24.6 per cent (Rs.5,36,617 crore) a year ago.
Up to July 4, 2008 non-food credit of scheduled commercial banks (SCBs) rose by 25.9 per cent (Rs.4,85,709 crore) on a year-on-year basis, higher than 24.6 per cent (Rs.3,69,109 crore) a year ago.
Public sector oil marketing companies have been provided US $ 4.3 billion (Rs.19,325 crore) against oil bonds purchased under the Special Market Operation (SMO) scheme up to July 25, 2008.
The total overhang of liquidity as reflected in the balances under the LAF, the MSS and the Central Government?s cash balances taken together declined from an average of Rs.2,42,370 crore in April 2008 to Rs.2,12,201 crore in May 2008 and Rs.1,93,726 crore in June 2008 (with an intra-year peak of Rs.2,93,048 crore on April 8, 2008) before declining to Rs.1,45,200 crore on July 25, 2008.
Financial markets reflected the changes in liquidity conditions during the first quarter of 2008-09.
Yields in the Government securities market hardened substantially during the current financial year in both primary and secondary segments.
Deposit rates of SCBs increased, particularly at the longer end of the maturity spectrum, during the first four months of 2008-09 (up to July 25).
The equity markets witnessed a major downturn in both the primary and secondary segments during the current financial year so far, continuing the moderation that had set in by early January 2008.
Commercial banks? holdings of Government and other approved securities was 27.7 per cent of the banking system?s net demand and time liabilities (NDTL) which was marginally lower than 27.8 per cent at end-March 2008 and 28.7 per cent a year ago.
Gross market borrowings of the Central Government through dated securities at Rs.72,000 crore (Rs.73,000 crore a year ago) during 2008-09 so far (up to July 25, 2008), constituted 41.0 per cent of the budget estimates (BE) whereas net market borrowings at Rs.47,982 crore (Rs.45,232 crore a year ago) constituted 48.5 per cent of the BE.
For more, Visit: RBI hikes interest rates
India Inc worried over RBI's monetary steps/ Housing, consumer loans to become costlier
RBI trims GDP growth rate to 8% /Reactions to Credit Policy
Market gets a triple policy booster/ Interest rates may rise as RBI tightens monetary policy
-------------------------------------------
Bank, realty, auto and capital goods stocks went into a tailspin this afternoon as the Apex bank hiked CRR and Repo rates by 25 and 50 basis points respectively to 9 per cent to control inflation.
The hike in rates and concerns voiced by the central bank of the country about high inflation kept the market deep down in the red right till the end of the session today. There were some good results from India Inc, but then, with global markets also not displaying any strength, participants were in no mood to turn buyers today.
The Sensex, mirroring the sharp fall in prices of front line stocks, ended the day with a massive loss of 557.57 points or 3.89% at 13,791.54. In intra-day trades today, the barometer touched a high of 14,153.12 and a low of 13,727.14.
The National Stock Exchange's 50 stock Nifty index, which swung in a range of nearly 175 points - it hit a high of 4332.20 and a low of 4159.15 today - settled at 4189.85 with a huge loss of 142.25 points or 3.28%.
Reflecting the sharp fall of bank stocks, the Bankex nosedived 8.31% today. The Realty barometer went down by over 5.5%. The Capital Goods index lost 4.92%. The Power and Auto indices eased by over 4%. BSE Oil & Gas (down 3.62%), PSU (down 3.12%), Metal (down 1.91%), HC (down 1.65%), Teck (down 1.59%) and CD (down 1.07%) also closed sharply lower.
The IT index, thanks to the smart rally at a few counters, trimmed down its losses significantly and ended just 0.51% down today. The FMCG index closed with a slender gain. Banking sector heavyweights HDFC Bank (down 8.7%), ICICI Bank (down 8.45%) and State Bank of India (down 6.8%) declined sharply.
---------------------------------------------
Source: SIfy, Rediff
VC,PE updates
Guggenheim Partners Aquires Thomas Weisel’s Fund of Funds In India
KKR To List In NYSE Later This Year; May Be Valued At $15 to $19 Billion
“Early Stage Focus Will Remain, But More Money At Our Disposal”
Erasmic Merges With Accel Partners; To Raise $60 Million Fund Later This Year
SUN-Apollo Ventures Invests $75 Million In Amrapali Group
Federal Bank Buys 5% In Catholic Syrian Bank; Eyes Full Stake: Report
Ajay Relan Exits Citi Venture, PR Srinivasan Takes Over As India Head
Citi Venture, ICICI Venture Take Hair Cut In Perlecan Pharma
CDC Group Commits $185 Million To Six PE Funds In India
India Focussed Hedge Fund Down 22% in 2008, Hedge Fund Industry Suffers Huge Losses Donald Trump Jr Plans $1 Billion India Property Fund
ICICI Venture Opens Investment Office In Delhi; Posts 2 Senior Directors
Canbank, LIC Housing Fin Plan Rs 500 Cr Venture Capital Funds Each
JM Financial Mutual Fund Sells 12% To Hedge Funds For $26M
BCCL Picks Up Stake In Shopping Comparison Portal Naaptol.com
Edelweiss Distressed Fund To Raise Upto $400 Million
Diageo In Talks With Cobra Beer To Acquire 30% Stake: Report
Phoenix Mills To Shed 30% In Its Hopsitality Arm To PE Funds For $250M
ADAG Group Raises $1bn From Chinese Banks For Sasan; Forms JV With Shanghai Electric
Mayfield, SVB Put In $11M In Geodesic Techniques
iYogi Nets $9.5M Series B From SAP Ventures, Canaan & SVB
Educomp Acquires 76% In College Finishing School For $2.75 Million
Intel Capital Invests $17M In Yatra.com, BuzzInTown And An OOH Firm
Bahrain-Based TAIB Bank Picks Up 26% Stake In Anant Raj Projects For $50M
Gopinath In Talks To Acquire Chennai-Based Crescent Air Cargo
A Quick VC Take On Proto Startups
Yatra Capital Invests $7 Million In Kolkata Hotel Property To Be Managed By Taj
****************************************
PE fund picks 40% in Amrapali SPV
Accel Partners and Erasmic Venture Fund Team Up, Launch Accel India Venture Fund
Bear market turns PE attractive, 150 deals likely in Q3
Federal Bank picks up 5% in Catholic Syrian Bank
Times of India group eyes UK's Trinity Mirror
JM to sell stake to Valiant Capital , Blue Ridge and Eton Park
BCCL picks up stake in Naaptol Online
Educomp to buy 76 pc stake in A-Plus Education
Milestone to launch Rs 600 cr PE fund
Dawnay Day to sell 50% India stake
Edelweiss arm plans $200-m distressed asset fund
Intel Capital to invest USD 17 Mn in 3 Indian Firms
iYogi bags $9.5 mn from SAP-led VCs in second round funding
Diageo in talks to buy 30% stake in Cobra for $100 mn
Rolta to buy US firm
Source: IndiaPe, VCCircle
KKR To List In NYSE Later This Year; May Be Valued At $15 to $19 Billion
“Early Stage Focus Will Remain, But More Money At Our Disposal”
Erasmic Merges With Accel Partners; To Raise $60 Million Fund Later This Year
SUN-Apollo Ventures Invests $75 Million In Amrapali Group
Federal Bank Buys 5% In Catholic Syrian Bank; Eyes Full Stake: Report
Ajay Relan Exits Citi Venture, PR Srinivasan Takes Over As India Head
Citi Venture, ICICI Venture Take Hair Cut In Perlecan Pharma
CDC Group Commits $185 Million To Six PE Funds In India
India Focussed Hedge Fund Down 22% in 2008, Hedge Fund Industry Suffers Huge Losses Donald Trump Jr Plans $1 Billion India Property Fund
ICICI Venture Opens Investment Office In Delhi; Posts 2 Senior Directors
Canbank, LIC Housing Fin Plan Rs 500 Cr Venture Capital Funds Each
JM Financial Mutual Fund Sells 12% To Hedge Funds For $26M
BCCL Picks Up Stake In Shopping Comparison Portal Naaptol.com
Edelweiss Distressed Fund To Raise Upto $400 Million
Diageo In Talks With Cobra Beer To Acquire 30% Stake: Report
Phoenix Mills To Shed 30% In Its Hopsitality Arm To PE Funds For $250M
ADAG Group Raises $1bn From Chinese Banks For Sasan; Forms JV With Shanghai Electric
Mayfield, SVB Put In $11M In Geodesic Techniques
iYogi Nets $9.5M Series B From SAP Ventures, Canaan & SVB
Educomp Acquires 76% In College Finishing School For $2.75 Million
Intel Capital Invests $17M In Yatra.com, BuzzInTown And An OOH Firm
Bahrain-Based TAIB Bank Picks Up 26% Stake In Anant Raj Projects For $50M
Gopinath In Talks To Acquire Chennai-Based Crescent Air Cargo
A Quick VC Take On Proto Startups
Yatra Capital Invests $7 Million In Kolkata Hotel Property To Be Managed By Taj
****************************************
PE fund picks 40% in Amrapali SPV
Accel Partners and Erasmic Venture Fund Team Up, Launch Accel India Venture Fund
Bear market turns PE attractive, 150 deals likely in Q3
Federal Bank picks up 5% in Catholic Syrian Bank
Times of India group eyes UK's Trinity Mirror
JM to sell stake to Valiant Capital , Blue Ridge and Eton Park
BCCL picks up stake in Naaptol Online
Educomp to buy 76 pc stake in A-Plus Education
Milestone to launch Rs 600 cr PE fund
Dawnay Day to sell 50% India stake
Edelweiss arm plans $200-m distressed asset fund
Intel Capital to invest USD 17 Mn in 3 Indian Firms
iYogi bags $9.5 mn from SAP-led VCs in second round funding
Diageo in talks to buy 30% stake in Cobra for $100 mn
Rolta to buy US firm
Source: IndiaPe, VCCircle
Ranbaxy is India's biggest pharma firm29
Ranbaxy is India's biggest pharma firm
29 Jul, 2008, 0645 hrs IST, RUPALI MUKHERJEE,TNN
Ranbaxy has emerged as the leader in the domestic pharmaceutical retail market, with a share of 5.2% for the April to June quarter. It also maintained the top slot in each of the past three months, with a share of 5% in June, higher than the last year's market leader Cipla's share of 4.9% during the same month.
During the April to June quarter, Cipla occupied the second slot with a share of 5.1%, growing by 9%. While Ranbaxy registered the highest growth of over 18% during the quarter, while in June alone, it had a growth of over 15%. Overall the pharma market valued at nearly Rs 33,000 crore, slowed down in terms of growth at 6.2% in June, as against 7.5% growth in the previous month, according to ORG-IMS. The highly-competitive market witnessed a growth of nearly 9% during the quarter ended June.
One of the major growth drivers during the second quarter was the sale of anti-infective drugs, which registered a huge spurt due to the "freak' ' weather conditionsa short winter and an early onset of rains in the north. The primary growth drivers for anti-infectives were semi-synthetic penicillins (such as ampicillin, amoxycillin), quinolones and high-end injectables. "A shorter winter season coupled with an increase in the incidence of viral infections where anti-infectives are given led to the boost in the growth of these segments, and for Ranbaxy,'' a company official said. Companies, which have a strong portfolio of anti-infectives got a leg-up in sales during the period, industry experts say.
The third slot in June was occupied by GlaxoSmithKline with a share of 4.59% of the market, followed by Piramal Healthcare (Nicholas Piramal) at 3.78% and Zydus Cadila at the fifth position with 3.59% share. While GSK grew by a meagre 2.5%, drug major Piramal Healthcare by a huge 14%, presumably on the back of its strongest brands, Phensedyl Cough syrup during the month. However, Zydus Cadila had a de-growth of 0.6% during the month. During the quarter, GSK slumped slightly by 0.6%, while Piramal Healthcare grew by 4% and Zydus by a meagre 0.4%, according to figures by ORG-IMS.
Source: Times of India, ET
28 July 2008
Results: ONGC, Larsen Toubro, BOI, IOB,HDFCBk,Sun Pharma, Sterlite, Hindalco, Neyveli, Adani, Dabur, BPCL, DenaBk, KotakBk, Bhusan Steel, Rohit ferro
Oil & Natural Gas Corpn net profit rises 43.94% in the June 2008 quarter
Net profit of Oil & Natural Gas Corpn rose 43.94% to Rs 6636.33 crore in the quarter ended June 2008 as against Rs 4610.53 crore during the previous quarter ended June 2007. Sales rose 46.50% to Rs 20052.20 crore in the quarter ended June 2008 as against Rs 13687.70 crore during the previous quarter ended June 2007.
Larsen & Toubro net profit rises 33.33% in the June 2008 quarter
Net profit of Larsen & Toubro rose 33.33% to Rs 502.44 crore in the quarter ended June 2008 as against Rs 376.85 crore during the previous quarter ended June 2007. Sales rose 53.19% to Rs 6901.43 crore in the quarter ended June 2008 as against Rs 4505.21 crore during the previous quarter ended June 2007.
Sun Pharmaceuticals Industries net profit rises 24.58% in the June 2008 quarter
Net profit of Sun Pharmaceuticals Industries rose 24.58% to Rs 280.78 crore in the quarter ended June 2008 as against Rs 225.39 crore during the previous quarter ended June 2007. Sales rose 30.42% to Rs 899.98 crore in the quarter ended June 2008 as against Rs 690.05 crore during the previous quarter ended June 2007.
Sterlite Industries Q1 PAT Rs 1151 cr
(Cons and Standalone)
Sterlite Industries has announced its Q1FY09 results. The consolidated net profit was at Rs 1151 crore versus Rs 1143 crore.The consolidated net sales was at Rs 5,770 crore versus Rs 6,139.1 crore.
Net profit of Sterlite Industries (India) rose 77.67% to Rs 357.93 crore in the quarter ended June 2008 as against Rs 201.46 crore during the previous quarter ended June 2007. Sales declined 4.83% to Rs 2964.43 crore in the quarter ended June 2008 as against Rs 3115.00 crore during the previous quarter ended June 2007.
Hindalco Industries net profit rises 15.57% in the June 2008 quarter
Net profit of Hindalco Industries rose 15.57% to Rs 696.76 crore in the quarter ended June 2008 as against Rs 602.90 crore during the previous quarter ended June 2007. Sales declined 0.65% to Rs 4647.53 crore in the quarter ended June 2008 as against Rs 4677.90 crore during the previous quarter ended June 2007.
Sun TV Network net profit rises 10.18% in the June 2008 quarter
Net profit of Sun TV Network rose 10.18% to Rs 102.54 crore in the quarter ended June 2008 as against Rs 93.07 crore during the previous quarter ended June 2007. Sales rose 10.49% to Rs 223.57 crore in the quarter ended June 2008 as against Rs 202.34 crore during the previous quarter ended June 2007.
Bharat Petroleum Corporation reports net loss of Rs 1066.70 crore in the June 2008 quarter
Bharat Petroleum Corporation reported net loss of Rs 1066.70 crore in the quarter ended June 2008 as against net profit of Rs 192.70 crore during the previous quarter ended June 2007. Sales rose 63.48% to Rs 39022.00 crore in the quarter ended June 2008 as against Rs 23869.40 crore during the previous quarter ended June 2007
Neyveli Lignite Corporation net profit rises 1.59% in the June 2008 quarter
Net profit of Neyveli Lignite Corporation rose 1.59% to Rs 285.83 crore in the quarter ended June 2008 as against Rs 281.37 crore during the previous quarter ended June 2007. Sales rose 39.81% to Rs 1087.14 crore in the quarter ended June 2008 as against Rs 777.58 crore during the previous quarter ended June 2007.
Adani Enterprises net profit rises 47.41% in the June 2008 quarter
Net profit of Adani Enterprises rose 47.41% to Rs 66.97 crore in the quarter ended June 2008 as against Rs 45.43 crore during the previous quarter ended June 2007. Sales rose 23.39% to Rs 2394.80 crore in the quarter ended June 2008 as against Rs 1940.87 crore during the previous quarter ended June 2007.
Tata Tea net profit declines 8.54% in the June 2008 quarter
Net profit of Tata Tea declined 8.54% to Rs 37.71 crore in the quarter ended June 2008 as against Rs 41.23 crore during the previous quarter ended June 2007. Sales rose 12.24% to Rs 314.97 crore in the quarter ended June 2008 as against Rs 280.61 crore during the previous quarter ended June 2007.
Dabur India net profit rises 25.32% in the June 2008 quarter
Net profit of Dabur India rose 25.32% to Rs 70.14 crore in the quarter ended June 2008 as against Rs 55.97 crore during the previous quarter ended June 2007. Sales rose 12.79% to Rs 524.17 crore in the quarter ended June 2008 as against Rs 464.73 crore during the previous quarter ended June 2007.
ICSA (India) net profit rises 71.28% in the June 2008 quarter
Blue Star net profit rises 63.13% in the June 2008 quarter
Net profit of Blue Star rose 63.13% to Rs 36.41 crore in the quarter ended June 2008 as against Rs 22.32 crore during the previous quarter ended June 2007. Sales rose 36.48% to Rs 630.89 crore in the quarter ended June 2008 as against Rs 462.25 crore during the previous quarter ended June 2007.
Dena Bank net profit rises 22.89% in the June 2008 quarter
Net profit of Dena Bank rose 22.89% to Rs 68.30 crore in the quarter ended June 2008 as against Rs 55.58 crore during the previous quarter ended June 2007. Total operating income rose 22.35% to Rs 767.46 crore in the quarter ended June 2008 as against Rs 627.25 crore during the previous quarter ended June 2007
HDFC Bank net profit rises 44.55% in the June 2008 quarter
Net profit of HDFC Bank rose 44.55% to Rs 464.35 crore in the quarter ended June 2008 as against Rs 321.23 crore during the previous quarter ended June 2007. Total operating income rose 70.36% to Rs 3621.73 crore in the quarter ended June 2008 as against Rs 2125.88 crore during the previous quarter ended June 2007.
Glenmark Pharmaceuticals net profit rises 16.98% in the June 2008 quarter
Bhushan Steel net profit rises 35.19% in the June 2008 quarter
Net profit of Bhushan Steel rose 35.19% to Rs 132.68 crore in the quarter ended June 2008 as against Rs 98.14 crore during the previous quarter ended June 2007. Sales rose 40.70% to Rs 1319.79 crore in the quarter ended June 2008 as against Rs 938.03 crore during the previous quarter ended June 2007.
Bharati Shipyard net profit rises 33.51% in the June 2008 quarter
Net profit of Bharati Shipyard rose 33.51% to Rs 29.68 crore in the quarter ended June 2008 as against Rs 22.23 crore during the previous quarter ended June 2007. Sales rose 42.51% to Rs 222.32 crore in the quarter ended June 2008 as against Rs 156.00 crore during the previous quarter ended June 2007.
Bannari Amman Sugars net profit rises 167.02% in the June 2008 quarter
Net profit of Bannari Amman Sugars rose 167.02% to Rs 20.40 crore in the quarter ended June 2008 as against Rs 7.64 crore during the previous quarter ended June 2007. Sales rose 28.40% to Rs 176.88 crore in the quarter ended June 2008 as against Rs 137.76 crore during the previous quarter ended June 2007.
Monnet Ispat Energy net profit rises 52.74% in the June 2008 quarter
Net profit of Monnet Ispat Energy rose 52.74% to Rs 70.32 crore in the quarter ended June 2008 as against Rs 46.04 crore during the previous quarter ended June 2007. Sales rose 61.52% to Rs 378.81 crore in the quarter ended June 2008 as against Rs 234.53 crore during the previous quarter ended June 2007.
Rohit Ferro Tech net profit rises 428.45% in the June 2008 quarter
Net profit of Rohit Ferro Tech rose 428.45% to Rs 50.15 crore in the quarter ended June 2008 as against Rs 9.49 crore during the previous quarter ended June 2007. Sales rose 209.64% to Rs 309.67 crore in the quarter ended June 2008 as against Rs 100.01 crore during the previous quarter ended June 2007.
Bank of India net profit rises 78.28% in the June 2008 quarter
Net profit of Bank of India rose 78.28% to Rs 561.95 crore in the quarter ended June 2008 as against Rs 315.20 crore during the previous quarter ended June 2007. Total operating income rose 30.11% to Rs 3548.32 crore in the quarter ended June 2008 as against Rs 2727.26 crore during the previous quarter ended June 2007.
Indian Overseas Bank net profit declines 4.66% in the June 2008 quarter
Net profit of Indian Overseas Bank declined 4.66% to Rs 255.97 crore in the quarter ended June 2008 as against Rs 268.49 crore during the previous quarter ended June 2007. Total operating income rose 20.09% to Rs 2217.08 crore in the quarter ended June 2008 as against Rs 1846.20 crore during the previous quarter ended June 2007.
Glaxosmithkline Pharma net profit rises 19.11% in the June 2008 quarter
Kotak Mahindra Bank net profit rises 14.37% in the June 2008 quarter
Net profit of Kotak Mahindra Bank rose 14.37% to Rs 54.53 crore in the quarter ended June 2008 as against Rs 47.68 crore during the previous quarter ended June 2007. Total operating income rose 41.06% to Rs 712.46 crore in the quarter ended June 2008 as against Rs 505.09 crore during the previous quarter ended June 2007.
Cinemax India net profit rises 63.93% in the June 2008 quarter
IBN18 Broadcast reports net loss of Rs 9.46 crore in the June 2008 quarter
NEPC Textiles net profit declines 88.24% in the June 2008 quarter
Nirma net profit declines 3.92% in the June 2008 quarter
L T Overseas net profit rises 49.01% in the June 2008 quarter
Wockhardt net profit declines 66.21% in the June 2008 quarter
Jyoti Structures net profit rises 28.13% in the June 2008 quarter
Aarti Drugs net profit rises 59.80% in the June 2008 quarter
TVS Motor Company net profit declines 7.02% in the June 2008 quarter
Havells India net profit rises 28.89% in the June 2008 quarter
Raj Television Network net profit rises 7.90% in the June 2008 quarter
Hindustan Oil Exploration Company net profit rises 16.45% in the June 2008 quarter
Britannia Industries net profit rises 11.63% in the June 2008 quarter
Mahindra Lifespace Developers net profit declines 20.08% in the June 2008 quarter
Man Industries (India) net profit declines 16.31% in the June 2008 quarter
Saksoft net profit rises 16.24% in the June 2008 quarter
L G Balakrishnan & Bros net profit rises 84.35% in the June 2008 quarter
K S Oils net profit rises 73.74% in the June 2008 quarter
Man Aluminium net profit rises 11.76% in the June 2008 quarter
Graphite India net profit rises 1.58% in the June 2008 quarter
Dish TV India reports net loss of Rs 125.44 crore in the June 2008 quarter
Precision Wires India net profit rises 24.86% in the June 2008 quarter
Dewan Housing Finance Corporation net profit rises 38.53% in the June 2008 quarter
Insecticides India net profit rises 204.93% in the June 2008 quarter
R Systems International net profit rises 15.64% in the June 2008 quarter
JK Lakshmi Cement net profit declines 43.49% in the June 2008 quarter
Shasun Chemicals & Drugs reports net loss of Rs 8.62 crore in the June 2008 quarter
V-Guard Industries net profit rises 11.98% in the June 2008 quarter
Source: CM
Net profit of Oil & Natural Gas Corpn rose 43.94% to Rs 6636.33 crore in the quarter ended June 2008 as against Rs 4610.53 crore during the previous quarter ended June 2007. Sales rose 46.50% to Rs 20052.20 crore in the quarter ended June 2008 as against Rs 13687.70 crore during the previous quarter ended June 2007.
Larsen & Toubro net profit rises 33.33% in the June 2008 quarter
Net profit of Larsen & Toubro rose 33.33% to Rs 502.44 crore in the quarter ended June 2008 as against Rs 376.85 crore during the previous quarter ended June 2007. Sales rose 53.19% to Rs 6901.43 crore in the quarter ended June 2008 as against Rs 4505.21 crore during the previous quarter ended June 2007.
Sun Pharmaceuticals Industries net profit rises 24.58% in the June 2008 quarter
Net profit of Sun Pharmaceuticals Industries rose 24.58% to Rs 280.78 crore in the quarter ended June 2008 as against Rs 225.39 crore during the previous quarter ended June 2007. Sales rose 30.42% to Rs 899.98 crore in the quarter ended June 2008 as against Rs 690.05 crore during the previous quarter ended June 2007.
Sterlite Industries Q1 PAT Rs 1151 cr
(Cons and Standalone)
Sterlite Industries has announced its Q1FY09 results. The consolidated net profit was at Rs 1151 crore versus Rs 1143 crore.The consolidated net sales was at Rs 5,770 crore versus Rs 6,139.1 crore.
Net profit of Sterlite Industries (India) rose 77.67% to Rs 357.93 crore in the quarter ended June 2008 as against Rs 201.46 crore during the previous quarter ended June 2007. Sales declined 4.83% to Rs 2964.43 crore in the quarter ended June 2008 as against Rs 3115.00 crore during the previous quarter ended June 2007.
Hindalco Industries net profit rises 15.57% in the June 2008 quarter
Net profit of Hindalco Industries rose 15.57% to Rs 696.76 crore in the quarter ended June 2008 as against Rs 602.90 crore during the previous quarter ended June 2007. Sales declined 0.65% to Rs 4647.53 crore in the quarter ended June 2008 as against Rs 4677.90 crore during the previous quarter ended June 2007.
Sun TV Network net profit rises 10.18% in the June 2008 quarter
Net profit of Sun TV Network rose 10.18% to Rs 102.54 crore in the quarter ended June 2008 as against Rs 93.07 crore during the previous quarter ended June 2007. Sales rose 10.49% to Rs 223.57 crore in the quarter ended June 2008 as against Rs 202.34 crore during the previous quarter ended June 2007.
Bharat Petroleum Corporation reports net loss of Rs 1066.70 crore in the June 2008 quarter
Bharat Petroleum Corporation reported net loss of Rs 1066.70 crore in the quarter ended June 2008 as against net profit of Rs 192.70 crore during the previous quarter ended June 2007. Sales rose 63.48% to Rs 39022.00 crore in the quarter ended June 2008 as against Rs 23869.40 crore during the previous quarter ended June 2007
Neyveli Lignite Corporation net profit rises 1.59% in the June 2008 quarter
Net profit of Neyveli Lignite Corporation rose 1.59% to Rs 285.83 crore in the quarter ended June 2008 as against Rs 281.37 crore during the previous quarter ended June 2007. Sales rose 39.81% to Rs 1087.14 crore in the quarter ended June 2008 as against Rs 777.58 crore during the previous quarter ended June 2007.
Adani Enterprises net profit rises 47.41% in the June 2008 quarter
Net profit of Adani Enterprises rose 47.41% to Rs 66.97 crore in the quarter ended June 2008 as against Rs 45.43 crore during the previous quarter ended June 2007. Sales rose 23.39% to Rs 2394.80 crore in the quarter ended June 2008 as against Rs 1940.87 crore during the previous quarter ended June 2007.
Tata Tea net profit declines 8.54% in the June 2008 quarter
Net profit of Tata Tea declined 8.54% to Rs 37.71 crore in the quarter ended June 2008 as against Rs 41.23 crore during the previous quarter ended June 2007. Sales rose 12.24% to Rs 314.97 crore in the quarter ended June 2008 as against Rs 280.61 crore during the previous quarter ended June 2007.
Dabur India net profit rises 25.32% in the June 2008 quarter
Net profit of Dabur India rose 25.32% to Rs 70.14 crore in the quarter ended June 2008 as against Rs 55.97 crore during the previous quarter ended June 2007. Sales rose 12.79% to Rs 524.17 crore in the quarter ended June 2008 as against Rs 464.73 crore during the previous quarter ended June 2007.
ICSA (India) net profit rises 71.28% in the June 2008 quarter
Blue Star net profit rises 63.13% in the June 2008 quarter
Net profit of Blue Star rose 63.13% to Rs 36.41 crore in the quarter ended June 2008 as against Rs 22.32 crore during the previous quarter ended June 2007. Sales rose 36.48% to Rs 630.89 crore in the quarter ended June 2008 as against Rs 462.25 crore during the previous quarter ended June 2007.
Dena Bank net profit rises 22.89% in the June 2008 quarter
Net profit of Dena Bank rose 22.89% to Rs 68.30 crore in the quarter ended June 2008 as against Rs 55.58 crore during the previous quarter ended June 2007. Total operating income rose 22.35% to Rs 767.46 crore in the quarter ended June 2008 as against Rs 627.25 crore during the previous quarter ended June 2007
HDFC Bank net profit rises 44.55% in the June 2008 quarter
Net profit of HDFC Bank rose 44.55% to Rs 464.35 crore in the quarter ended June 2008 as against Rs 321.23 crore during the previous quarter ended June 2007. Total operating income rose 70.36% to Rs 3621.73 crore in the quarter ended June 2008 as against Rs 2125.88 crore during the previous quarter ended June 2007.
Glenmark Pharmaceuticals net profit rises 16.98% in the June 2008 quarter
Bhushan Steel net profit rises 35.19% in the June 2008 quarter
Net profit of Bhushan Steel rose 35.19% to Rs 132.68 crore in the quarter ended June 2008 as against Rs 98.14 crore during the previous quarter ended June 2007. Sales rose 40.70% to Rs 1319.79 crore in the quarter ended June 2008 as against Rs 938.03 crore during the previous quarter ended June 2007.
Bharati Shipyard net profit rises 33.51% in the June 2008 quarter
Net profit of Bharati Shipyard rose 33.51% to Rs 29.68 crore in the quarter ended June 2008 as against Rs 22.23 crore during the previous quarter ended June 2007. Sales rose 42.51% to Rs 222.32 crore in the quarter ended June 2008 as against Rs 156.00 crore during the previous quarter ended June 2007.
Bannari Amman Sugars net profit rises 167.02% in the June 2008 quarter
Net profit of Bannari Amman Sugars rose 167.02% to Rs 20.40 crore in the quarter ended June 2008 as against Rs 7.64 crore during the previous quarter ended June 2007. Sales rose 28.40% to Rs 176.88 crore in the quarter ended June 2008 as against Rs 137.76 crore during the previous quarter ended June 2007.
Monnet Ispat Energy net profit rises 52.74% in the June 2008 quarter
Net profit of Monnet Ispat Energy rose 52.74% to Rs 70.32 crore in the quarter ended June 2008 as against Rs 46.04 crore during the previous quarter ended June 2007. Sales rose 61.52% to Rs 378.81 crore in the quarter ended June 2008 as against Rs 234.53 crore during the previous quarter ended June 2007.
Rohit Ferro Tech net profit rises 428.45% in the June 2008 quarter
Net profit of Rohit Ferro Tech rose 428.45% to Rs 50.15 crore in the quarter ended June 2008 as against Rs 9.49 crore during the previous quarter ended June 2007. Sales rose 209.64% to Rs 309.67 crore in the quarter ended June 2008 as against Rs 100.01 crore during the previous quarter ended June 2007.
Bank of India net profit rises 78.28% in the June 2008 quarter
Net profit of Bank of India rose 78.28% to Rs 561.95 crore in the quarter ended June 2008 as against Rs 315.20 crore during the previous quarter ended June 2007. Total operating income rose 30.11% to Rs 3548.32 crore in the quarter ended June 2008 as against Rs 2727.26 crore during the previous quarter ended June 2007.
Indian Overseas Bank net profit declines 4.66% in the June 2008 quarter
Net profit of Indian Overseas Bank declined 4.66% to Rs 255.97 crore in the quarter ended June 2008 as against Rs 268.49 crore during the previous quarter ended June 2007. Total operating income rose 20.09% to Rs 2217.08 crore in the quarter ended June 2008 as against Rs 1846.20 crore during the previous quarter ended June 2007.
Glaxosmithkline Pharma net profit rises 19.11% in the June 2008 quarter
Kotak Mahindra Bank net profit rises 14.37% in the June 2008 quarter
Net profit of Kotak Mahindra Bank rose 14.37% to Rs 54.53 crore in the quarter ended June 2008 as against Rs 47.68 crore during the previous quarter ended June 2007. Total operating income rose 41.06% to Rs 712.46 crore in the quarter ended June 2008 as against Rs 505.09 crore during the previous quarter ended June 2007.
Cinemax India net profit rises 63.93% in the June 2008 quarter
IBN18 Broadcast reports net loss of Rs 9.46 crore in the June 2008 quarter
NEPC Textiles net profit declines 88.24% in the June 2008 quarter
Nirma net profit declines 3.92% in the June 2008 quarter
L T Overseas net profit rises 49.01% in the June 2008 quarter
Wockhardt net profit declines 66.21% in the June 2008 quarter
Jyoti Structures net profit rises 28.13% in the June 2008 quarter
Aarti Drugs net profit rises 59.80% in the June 2008 quarter
TVS Motor Company net profit declines 7.02% in the June 2008 quarter
Havells India net profit rises 28.89% in the June 2008 quarter
Raj Television Network net profit rises 7.90% in the June 2008 quarter
Hindustan Oil Exploration Company net profit rises 16.45% in the June 2008 quarter
Britannia Industries net profit rises 11.63% in the June 2008 quarter
Mahindra Lifespace Developers net profit declines 20.08% in the June 2008 quarter
Man Industries (India) net profit declines 16.31% in the June 2008 quarter
Saksoft net profit rises 16.24% in the June 2008 quarter
L G Balakrishnan & Bros net profit rises 84.35% in the June 2008 quarter
K S Oils net profit rises 73.74% in the June 2008 quarter
Man Aluminium net profit rises 11.76% in the June 2008 quarter
Graphite India net profit rises 1.58% in the June 2008 quarter
Dish TV India reports net loss of Rs 125.44 crore in the June 2008 quarter
Precision Wires India net profit rises 24.86% in the June 2008 quarter
Dewan Housing Finance Corporation net profit rises 38.53% in the June 2008 quarter
Insecticides India net profit rises 204.93% in the June 2008 quarter
R Systems International net profit rises 15.64% in the June 2008 quarter
JK Lakshmi Cement net profit declines 43.49% in the June 2008 quarter
Shasun Chemicals & Drugs reports net loss of Rs 8.62 crore in the June 2008 quarter
V-Guard Industries net profit rises 11.98% in the June 2008 quarter
Source: CM
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