Moneycontrol News Archive : 14 April, 2005
iGATE relies on new clients for growth
14th April, 2005 18:51
iGATE CEO Phaneesh Murthy says that the company has migrated towards the industry standard in onsite and offshore mix of 34-66%. He expressed hope that the current
ABB to sustain high margins in FY06
14th April, 2005 18:01
ABB has posted good margins, despite rising input costs, because of its core operational efficiency and help from its global parent. The company hopes to sustain i
Infy to firm up euro hedging in FY06: Pai
14th April, 2005 16:28
Infosys says, its hedging policy is suitably designed to protect its business from rupee-dollar fluctuations, but euro fluctuations may impact the company's margin
Reliance Energy Q4 net at Rs 155cr
14th April, 2005 15:52
Reliance Energy has posted a net profit of Rs 155 crore for the quarter ended March 31, 2005, as compared to Rs 103.70 crore last year. Total income has increased
Ranbaxy, NCL, DST ink pact for R&D
14th April, 2005 15:23
Ranbaxy Laboratories Ltd, Ranbaxy, has announced that it has entered into a collaborative agreement with the National Chemical Laboratories, NCL, Pune and the Depa
Infosys could end year with EPS of Rs 90
14th April, 2005 14:54
Nilesh Shah of Kotak Securities, is of the opinion that the Infosys EPS value projection will be more or less the same in lines with the analysts expectations.
ABB Q1 net up 63% at Rs 27.50 cr
14th April, 2005 14:22
ABB has posted a rise of 63% in its Q1 net profit at Rs 27.50 crore.
The company's Q1 revenues are up 38% at Rs 619.6 crore.
GDP growth at 7% for 2004-05: EAC
14th April, 2005 13:05
The EAC's March report card says that the GDP grew by around 7% for 2004-05, marginally up from February 05 estimate of 6.9%. The EAC has predicted FY05 trade defi
Infosys EPS seen at Rs 95 for FY06: Rohira
14th April, 2005 12:28
Priya Rohira of REFCO-Sify says that Infosys numbers are the combination of an improvement in gross profit margin and flat selling in marketing expenses. She expec
Tata Power's Q4 net seen up 149%: Poll
14th April, 2005 11:53
According to a poll conducted by CNBC-TV18, Tata Power's fourth quarter net profit is expected to grow 149% from Rs 54.3 crore to Rs 135.30 crore.
Infosys guidance likely to be scaled: Shah
14th April, 2005 11:43
Nilesh Shah of Kotak Securities says, the Infosys Q4 numbers are reasonably in line with expectations, and the guidance figures may also be surpassed. Billing rate
iGATE's Q4 net up at Rs 2.20 crore
14th April, 2005 10:42
iGATE Solutions net profit is up to Rs 2.20 crore from Rs 20 lakh quarter-on-quarter. Its revenue is up to Rs 145.60 crore from Rs 143.46 crore.
Morgan Stanley management shaken up
14th April, 2005 10:24
Morgan Stanley's top two investment bankers resigned yesterday increasing the pressure on chief executive, Philip Purcell, and raising questions about whether the
Essar Steel's Q4 net profit up 177.6%
14th April, 2005 10:15
Essar Steel's Q4FY05 net profit is up 177.6% at Rs 272 crore, against Rs 98 crore. The company's Q4 net sales is up 57% at Rs 1926 crore.
KEC looks over bought: Eswar
14th April, 2005 09:51
For KEC, moving average supports have never really given up in the last two years. The stocks look a little over bought on momentum indicators.
HDFC has support at Rs 650: Eswar
14th April, 2005 09:32
Vignesh Eswar of Emkay Share and Stock Brokers feels that Rs 650 levels, last reached in early 2004 can still act as support.
Wall Street ends lower; Dow down 104 points
14th April, 2005 08:43
Stocks ended lower on worries about earnings and consumer spending despite a sharp slide in oil prices. The Dow closed down 104 points at 10,403.93.
Infosys first quarter to be flat: Nilekani
14th April, 2005 18:07
Nandan Nilekani of Infosys says that Infosys guidance for the first quarter is expected to be flat as customers are preoccupied with some other compliance issue an
Clients pre-occupied with compliance: Infy
14th April, 2005 17:41
According to Kris Gopalakrishnan, Chief Operating Officer and Deputy Managing Director of Infosys Technologies Limited, there was a slow down in their volume growt
Progeon margins around 25%: Nilekani
14th April, 2005 16:50
Progeon has done better than most of Infosysís other business, said Nandan Nilekani, CEO, President & MD, Infosys. SD Shibulal and Akshay Bhargava said that Pr
More employees to be added next year: Infy
14th April, 2005 16:09
Infosys will see a significant increase in employee numbers in the coming year. The variable compensation plan has also helped Infosys keep their employees happy f
RIL may bid for Australian Quenos
14th April, 2005 15:15
Reliance Industries may bid for Australian petrochem company, Quenos, according to sources. RIL is currently doing a due diligence on Quenos, they say.
Allahabad Bank fixes issue price at Rs 82
14th April, 2005 14:47
Allahabad Bank has informed BSE that the bank has fixed the Issue price at Rs 82 per equity share for the purpose of allotment of equity shares.
Fall in Infosys, a buying opportunity: Shah
14th April, 2005 13:30
Nilesh Shah, Kotak Securities, is of the view that the Infosys may open on a negative note tomorrow and take a dip to Rs 2000-2025 levels. It will be a good opport
Infy stock to dip slightly in US: Vafi
14th April, 2005 12:56
Infosys results are in line with expectations, said Joseph Vafi of Jefferies & Company. Vafi said that people could be a little disappointed with growth rates
Bush backs Boeing's bid for AI deal
14th April, 2005 12:32
US President George Bush called Prime Minister, Manmohan Singh and has backed the Boeing's bid for the Air India deal.
Hold Infosys, buy on dips, advises Shah
14th April, 2005 11:49
Nilesh Shah of Kotak Securities advises Infosys stockholders to hold on, while new investors could buy on dips. The markets may slide at the start of trade tomorro
Stamp duty confusion in stock market
14th April, 2005 11:25
Maharashtra's stamp duty on stock market trades has sent day traders and brokers into a tizzy. It is unclear whether the new stamp duty of Rs 1000 per crore will b
RBI issues bad loan norms
14th April, 2005 10:34
RBI has issued new draft guidelines for banks dealing in bad loans. According to the new draft guidelines banks that purchased bad debts from other banks have to h
Target Rs 375-400 in TV18: Eswar
14th April, 2005 10:24
The stocks look a little over bought on momentum indicators, and that is low indication that stocks are going to see further upsides, feels Vignesh Eswar of Emkay
Infosys Q4FY05 net profit up 12.19%
14th April, 2005 10:02
Infosys has announced its fourth quarter results. Its net profit is up 12.19% from Rs 497.34 crore to Rs 558 crore. Revenue is up from Rs 1875.61 crore to Rs 1987
Crude oil drops to six-week low
14th April, 2005 09:35
Oil fell to a six-week low yesterday, ahead of US government data expected to show another rise in crude inventories.