Stocks in news:
- Results today:
Dabur India, GAIL, Kotak Mahindra Bank, Mirc Electronics, Patspin India, Sutlej Industries, Syndicate Bank, Texmaco and TRF
- Ex-dividend:
Trent (Rs 7/sh)
- Ex-rights:
Trent 1:5 at Rs 500 (goes into ND period)
- Vijay Mallya says Kingfisher interested in picking up stake in Air Deccan; Captain Gopinath says Air Deccan will not sell out to Kingfisher
- MIC Electronics IPO closes today (Subscribed 4 times till now)
- NSE bars further F&O positions in Nagarjuna Fert as 95% of marketwide limit reached (IFCI & Arvind Mills already in curb)
- New listings:
Sree Rayalaseema Hi-Strength Hypo; base price Rs 24.45, circuit filter 20% (formerly known as SARAC Chemicals)
- RBI allows FIIs to buy up to 49% in Paramount Cables
- Sujana Universal board approves:
Issue of shares/convertible warrants up to Rs 9 cr on preferential basis to promoters
GDR issue up to $20 m
- GAIL says Dahej-Dabhol gas pipeline to cost Rs 3,200 cr; to begin supply to Dabhol plant by June-end
- RIL SEZ update:
Anand Jain makes SEZ presentation to commerce secy: Sources
Anand Jain asks govt to relax 5000h SEZ cap on case-by-case basis: Sources
Anand Jain says Rs 35,000 cr to be put into maha mumbai SEZ: Sources
Anand Jain asked to present SEZ case to EGOM: Sources
- Union Bank cuts home loan rates by 50 bps for loans up to Rs 20 lakh
- Global Aluminium M&A:
Aluminium firm alcoa offers to buy Alcan for EV of USD 33 bn
Move comes after all prior merger negotiations failed
Alcoa plans to offer cash & stock valued at USD 33 bn to acquire Alcan
Deal values alcan at USD 73.25 or 20% more than its may 4 closing price
An alcan shr to be exchanged for USD 58.60 in cash, 0.4108 of Alcoa shr
- Schroders, Blackstone among suitors for small stake in Reliance MF, expect valuation of USD 1.2 bn - ET
- Tesco in talks with Hero group for a joint foray into retail sector - ET
- US based Ripplewood, part of Videcon consortium has backed out of the deal to buy Daewoo Electronics, Videcon has approached the creditors on its own with the offer - ET
- Daewoo creditors scrap sale to Videcon, Korean firm may bag the assets of Daewoo - Agencies
- ICF to invest Rs 100 cr in Moser Bare Photo Voltaic, a wholly owned subsidiary of Moser Baer India - ET
- Infinity, VSNL sign MoU for submarine cable project
- Essar Steel eyes 2 Indonesia projects, lines up USD 1 bn for Iron Ore & Pellet Processing plant - ET
- IFCI may be spurn off into a bank or converted into a specialised project finance lender - ET
- Tata Steel may raise USD 500 mn via GDR issue - BS
- ITI mulls selling off surplus land, estimate to fetch around Rs 600 cr - BL
- RBI tells banks to keep loan rates reasonable
- Bharat Froge likley to make an acquisition and a private placement - DNA
- Teva and Mylan only in the race to buy Merck's generic biz - DNA
- Marico to hike hair oil product prices by 7% - DNA
- Mid-day Q4 Cons (QoQ):
Net loss at Rs 8.73 cr vs adjusted net loss of Rs 2.53 cr
Net sales at Rs 33.6 cr vs Rs 30.3 cr
Optg loss at Rs 4.87 cr vs optg profit of Rs 30 lakh
FY07 loss at Rs 11 cr vs profit of Rs 6.2 cr
- Mid-day Q4 Cons (YoY):
Net loss at Rs 8.73 cr vs profit of Rs 3.98 cr
Net sales at Rs 33.6 cr vs Rs 27.3 cr
Optg loss at Rs 4.87 cr vs optg profit of Rs 10.9 cr
FY07 loss at Rs 11 cr vs profit of Rs 6.2 cr
- Tech Mahindra Q4 (QoQ):
Cons Net Profit Before Exceptional At Rs 196 Cr Vs Rs 166.8 Cr
Cons Net Loss After Exceptional At Rs 329 Cr (Payment To BT)
One-time Exceptional Item Of Rs 525 Cr (Payment To BT)
Cons Revenue At Rs 874.5 Cr Vs Rs 769.8 Cr
- Jyoti Structures Q4:
Net profit at Rs 15.9 cr vs RS 10.4 cr
Net sales at Rs 304.3 cr vs Rs 236.4 cr
OPM at 12.78% vs 10.54%
FY07 EPS at Rs 7.07 |
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