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Moneycontrol News Archive : 29 April, 2008

  • Firstsource reports FY07-08 total income of Rs 13337mn

    29th April, 2008 19:40

    Firstsource reports FY 2007- 08 total income of Rs. 13,337 million and PAT of Rs 1,316 million. Income growth of 59.1% compared to FY 2006-07. PAT growth of 35.3%

  • NCDEX-Trade details for April 29, 2008

    29th April, 2008 19:19

    NCDEX, 471 members (2,359 users) participated in trading on April 29, 2008 up to 5:00 pm and volumes were Rs 2,054 crore (one-way). There were more than 57,646 t

  • Firstsource Solutions focuses on healthcare, telecom

    29th April, 2008 18:53

    Healthcare is key element for comapny and currently it has been providing services to nearly 800 hospitals. It is mainly focusing on healthcare and then telcom as

  • Rel Capital reports cons net profit of Rs 1009cr

    29th April, 2008 18:43

    Reliance Capital reports consolidated net profit of Rs.1,009 crores (US$ 251 million) for the Year -an increase of 43%

  • Akruti Cityís net profit up by 290%

    29th April, 2008 18:36

    Akruti Cityís net profit up by 290 % compared to last fiscal year, Total income up by 150 % compared to last fiscal year, EPS up by 257 % compared to last fiscal y

  • Sujana Universal Inds income grows by 224.49%

    29th April, 2008 18:29

    Sujana Universal Industries limited, the domestic appliances arm of Sujana Group of Companies, renowned for its Padmini brand of fans has reported a 224.49 % growt

  • Grasim Q4 net sales at Rs 2742.35 cr 

    29th April, 2008 18:19

    Grasim has announced its fourth quarter results. The company's standalone net profit was up at Rs 487.1 crore versus 437.3 crore.

  • India Infoline approves stock split

    29th April, 2008 18:11

    The board of directors of India Infoline Ltd. has approved a stock split of each Rs. 10/- per share into five shares of Rs. 2/- each. The company shares have also

  • RBI releases report of the Internal Working Group

    29th April, 2008 17:54

    The Reserve Bank of India has today released the Report of the Internal Working group on Currency Futures.

  • Rupee ends lower, bonds higher

    29th April, 2008 17:45

    The spot rupee closed lower at Rs 40.48 per USD as against its previous close of Rs 40.16. The widely traded 8.24%, 2018 paper ended higher at Rs 102.04 as against

  • Kanoria Chemicals net profit up by 56% for Rs 31cr

    29th April, 2008 17:35

    Kanoria Chemicals announce 56% higher net profit for FY08. EBIDTA for the fiscal stood at Rs 97 crore as against Rs 84 crore in the previous fiscal, registering a

  • CEAT posts gross turnover up by 8.9% at Rs 2603cr

    29th April, 2008 17:23

    CEAT reports exponential growth. Net sales improved from Rs. 2135 crores to Rs. 2330 crores. EBITDA margin to net sales has surged by 180 basis points to 8.9% comp

  • Sesa Goa announces bonus issue & stock split

    29th April, 2008 17:00

    Sesa Goa Limited, a subsidiary of Vedanta Resources plc and Indiaís largest producer-exporter of iron, today announced a bonus issue and a stock split.

  • Satyam can cross Rs 484: Bose 

    29th April, 2008 16:49

    Technical Analyst, Rajat K Bose is of the view that Satyam Computer Services can cross Rs 484 and go up.

  • CRR hike shows RBI's focus on inflation: ABN Amro AMC 

    29th April, 2008 16:39

    Sameer Narayan of ABN Amro Asset Management said that the fact that the CRR has been hiked again; on the back of the earlier hike, it clearly shows the RBI's hawki

  • Alstom Projects Q4 net profit at Rs 1.50 cr

    29th April, 2008 16:32

    Alstom Projects has announced its standalone results for the quarter ended March 2008 (Q4). Its standalone net profit was at Rs 1.50 crore versus Rs 36.20 crore on

  • UTV Q4FY08 PAT at Rs 27.1 cr (QoQ)

    29th April, 2008 16:29

    UTV 4Q FY2008 performance as compared to 4Q FY2007. Itís consolidated operating revenues was at Rs 1,870 million, which was up by 363%. Its net profit was by Rs 27

  • 100% growth for small biz, 50% for big biz YoY: Network18 

    29th April, 2008 16:17

    Raghav Bahl, MD, Network18, said the general entertainment channel will be launched in a couple of weeks. According to Bahl, all our smaller businesses, with Rs 50

  • Q4 results give more steam to bull run

    29th April, 2008 16:12

    The set of 359 companies ex-oil, financials and trading that have declared their numbers suggest so. Sales are up 20% and PAT up 17%y-o-y. This has provided the mu

  • RBI releases data on ownership pattern of G-Secs

    29th April, 2008 15:54

    The Reserve Bank of India today released data on ownership pattern of Government of India dated securities (G-Secs), for four quarters of 2007. It has, in consulta

  • Macroeconomic & Monetary Developments in 07-08

    29th April, 2008 15:45

    The Reserve Bank of India today released the document ďMacroeconomic and Monetary Developments in 2007-08Ē to serve as a backdrop to the Annual Policy Statement fo

  • Realty index up 6.37% reacting positively to policy change

    29th April, 2008 15:34

    Realty sector grabbed the positive news from RBI with both hands. It reacted sharply towards it on positive side. Realty front runners were up 10% to 8% in todayís

  • Grasim Industries plunges 5.6%

    29th April, 2008 15:25

    At 3:17 pm, Grasim Industries was quoting at Rs 2,485, down Rs 149.5, or 5.67%. The company's standalone net profit was up at Rs 487.1 crore versus 437.3 crore. It

  • Mahindra Ugine Q4 PAT at Rs 5.53 crore

    29th April, 2008 15:11

    Mahindra Ugine Steel has decalred its fourth quarter results. The company's Q4 net profit was down at Rs 5.53 crore from Rs 10.84 crore.

  • IDFC cons net profit increased by 47% in FY08

    29th April, 2008 15:08

    IDFC consolidated net profit increased by 47% in FY 2008 over FY 2007. Net Interest income (NII) of Rs.694 crore. An increase of 62% over FY 2007 (Rs.: 428 crore)

  • Ceat FY08 net profit up at Rs 149 cr

    29th April, 2008 15:00

    Ceat has announced its FY08 results. The company's FY08 net profit was up at Rs 149 crore from Rs 39 crore.

  • FM extends exemptions to tech parks, stks up

    29th April, 2008 15:00

    At 2:54 pm, Tech Mahindra was quoting at Rs 898, up Rs 81.80, or 10.02%. At 2:54 pm, Satyam Computer Services was quoting at Rs 479.45, up Rs 36.50, or 8.24%. The

  • See FY09 sales at Rs 1800cr: Vishal Retail 

    29th April, 2008 14:58

    RC Agarwal, Chairman,Vishal Retail said the company will roll out new stores very soon.

  • Buy Sterlite Ind, target of Rs 1073: Khandwala

    29th April, 2008 14:56

    Khandwala Securities has maintained its buy rating on Sterlite Industries (India) with a target price of Rs 1073. The company's net sales increased marginally 2.6%

  • Rel Capital Q4 net sales up 98% at Rs 1634 cr

    29th April, 2008 14:54

    Reliance Capital has announced its FY08 results. The company's FT08 consolidated net profit was up at Rs 1009.06 crore versus Rs 703.21 crore, YoY

  • Buy Garware Offshore, tgt Rs 300: PINC

    29th April, 2008 14:48

    PINC research has maintained buy rating on Garware Offshore with target price of Rs 300. At the CMP of Rs 250, GOSL trades at a P/E of 8.1x and EV/EBITDA of 6.9x F

  • Bata can touch Rs 250: R Shah

    29th April, 2008 14:45

    Rajen Shah, Chief Investment Officer of Angel Broking is of the view that Bata can touch Rs 250. There is a solid growth in the bottomline on a 20% jump in topline

  • Mirae Asset appoints Neelesh Surana as Sr Eqty Fund Manager

    29th April, 2008 14:42

    Mirae Asset Global Investment Management (India) Pvt. Ltd., a part of Asia's leading Asset Management Group-Mirae Asset Financial Group has announced the appointme

  • Buy Garware Offshore,tgt Rs 368: Networth

    29th April, 2008 14:38

    Networth stock broking has maintained buy rating on Garware Offshore with target price of Rs 368. We expect a continued strong rate environment in the offshore sec

  • Essar acquires strategic stake in Obopay Inc

    29th April, 2008 14:35

    Essar Communications Holdings Limited, the telecom subsidiary of Essar Global Limited, has acquired a strategic stake in Obopay Inc., the pioneering service provi

  • Welspun Gujarat continues to slide

    29th April, 2008 14:24

    At 2:15 pm, Welspun Gujarat Stahl Roh was quoting at Rs 411.50, down Rs 24.25, or 5.57%. It has touched an intraday high of Rs 447 and an intraday low of Rs 402.40

  • UTV Q4 net profit up at Rs 18.8 cr

    29th April, 2008 14:20

    UTV has announced its fourth quarter results. The company's Q4 net profit was up at Rs 18.8 crore versus 17.7 crore, QoQ.

  • Buy Hindustan Unilever, target of Rs 269: IndiaInfoline

    29th April, 2008 14:16

    IndiaInfoline has maintained its buy rating on Hindustan Unilever with a target price of Rs 269. At the current market price of Rs 247, the stock is trading at 22x

  • Subex Q4 net loss at Rs 50 crore

    29th April, 2008 14:14

    Subex has announced its fourth quarter results. The company's net loss at Rs 50 crore versus loss of Rs 4.3 crore, QoQ.

  • Hindalco Industries soars high

    29th April, 2008 14:09

    At 2 pm, Hindalco Industries was quoting at Rs 196.90, up Rs 10.70, or 5.75%. It has touched an intraday high of Rs 198.95 and an intraday low of Rs 187. It was tr

  • Buy Bharti Airtel, target of Rs 1123: IndiaInfoline

    29th April, 2008 14:00

    IndiaInfoline has recommended a buy rating on Bharti Airtel with a target price of Rs 1123. The company's revenues increased by 13.1% qoq driven by 12.4% qoq subsc

  • Avaya GlobalConnect net profit at Rs 5.29cr

    29th April, 2008 13:45

    Avaya GlobalConnect net profit stands at Rs 5.29 crores for quarter ended 31st March 2008. The company has recorded Gross Sales/Income of Rs. 142.65 Cr and a net p

  • What do bankers read into RBIís credit policy? 

    29th April, 2008 13:31

    RBI Governor YV Reddy has done it again. He has hiked CRR, which is the funds that banks have to park with the central bank, by 25 bps to 8.25%. Contrary to most m

  • Sesa Goa annual sales up 72%, highest ever at Rs 3823cr

    29th April, 2008 13:18

    Sesa Goa Limited annual sales up 72%, highest ever at Rs 3,823 crore. Highest ever annual profit after tax of Rs. 1,542 crore, up 139%

  • Tata Steel recovers sharply

    29th April, 2008 13:12

    At 1:04 pm, Tata Steel was quoting at Rs 805.35, up Rs 27.65, or 3.56%. It has touched an intraday high of Rs 808.50 and an intraday low of Rs 775. It was trading

  • Tata Power refinances bridge loan

    29th April, 2008 13:08

    Tata Power refinances bridge loan taken for acquisition of 30% stakes in Coal Companies. The Company has successfully refinanced USD 850 million out of a total of

  • FM extends STPI for IT, hikes duty on primary steel, cement 

    29th April, 2008 12:59

    Finance Minister, P Chidambram has extended exemptions to Software Tech Parks to March 2010. He said that the new IT code is to be placed before public soon.

  • Block deal in Idea Cellular, stock down

    29th April, 2008 12:57

    At 12:47 pm, Idea Cellular was quoting at Rs 107.05, down Rs 2, or 1.83%. Idea Cellular has touched an intraday high of Rs 110.50 and an intraday low of Rs 106.35.

  • PTC India moves up smartly

    29th April, 2008 12:55

    At 12:47 pm, PTC India was quoting at Rs 103.30, up Rs 4.20, or 4.24%. It has touched an intraday high of Rs 104.20 and an intraday low of Rs 98.30. It was trading

  • Banking stks cheer; Repo, Reverse Repo rate unchanged

    29th April, 2008 12:54

    Markets surged on the back of Repo and Reverse Repo remained unchanged by RBI. RBI hikes CRR by 25 bps to 8.25%. RBI leaves Repo, Reverse Repo rates unchanged. It

  • Alok Industries FY08 net sales up by 18.34% at Rs 2159.25cr

    29th April, 2008 12:47

    Alok Industries Limited FY08 Net Sales up by 18.34% at Rs 2159.25 crore, PAT up by 23.79% at Rs. 167.34 crore

  • Buy GlaxoSmith Con, target of Rs 765: IndiaInfoline

    29th April, 2008 12:45

    IndiaInfoline has maintained its buy rating on GlaxoSmithKline Consumer Healthcare with a target price of Rs 765. The company recorded highest revenue growth of 26

  • ArcelorMittal signs long-term iron ore contracts with Vale

    29th April, 2008 12:39

    ArcelorMittal today announces that it has signed new long-term contracts with Vale (Companhia Vale do Rio Doce) to supply iron ore and pellets to its plants in Eur

  • Glenmark Pharma in good health

    29th April, 2008 12:29

    At 12:20 pm, Glenmark Pharma was quoting at Rs 660.05, up Rs 34.25, or 5.47%. It has touched an intraday high of Rs 665 and an intraday low of Rs 625.45. It was tr

  • Hikal sales for the year at Rs 301cr; PAT at Rs 50cr

    29th April, 2008 12:21

    Hikal Ltd: Sales for the year at Rs. 301crore; PAT at Rs 50crore,Net sales up by 29 %, PAT increases by 47%

  • Hero Honda hits 52-week high

    29th April, 2008 12:18

    Hero Honda Motors has touched a 52-week high of Rs 849.40. At 12:10 pm, the share was quoting at Rs 849, up Rs 30.85, or 3.77%. It was trading with volumes of 45,9

  • SBI makes smart gain

    29th April, 2008 12:14

    At 12:07 pm, State Bank of India was quoting at Rs 1,781, up Rs 44.35, or 2.55%. It was trading with volumes of 371,188 shares. Yesterday the share closed down at

  • 3i Infotech to acquire US-based Co, stk up

    29th April, 2008 12:10

    At 12:02 pm, 3i Infotech was quoting at Rs 123.35, up Rs 3.60, or 3.01%. The company is going to acquire US-based Co Regulus Group for USD 80 million, reports CNBC

  • HDFC top gainer on the Sensex

    29th April, 2008 12:01

    HDFC is the top gainer on the Sensex. At 11:53 am, the share was quoting at Rs 2,826.50, up Rs 106.75, or 3.92%. It was trading with volumes of 41,967 shares. Yest

  • UCO Bank minting money

    29th April, 2008 12:00

    At 12:05 pm, UCO Bank was quoting at Rs 42.80, up Rs 1.50, or 3.63%. It has touched an intraday high of Rs 43.15 and an intraday low of Rs 40.95. It was trading wi

  • RBI hikes CRR by 25 bps; repo, reverse repo rates intact 

    29th April, 2008 11:58

    In its Credit Policy, the RBI has hiked the CRR by 25 bps to 8.25%. It has left the repo, reverse repo rates unchanged. The RBI aims at 4-4.5% inflation going forw

  • Pyramid Saimira Theatre puts on good show

    29th April, 2008 11:56

    At 11:49 am, Pyramid Saimira Theatre was quoting at Rs 383.20, up Rs 16.05, or 4.37%. It has touched an intraday high of Rs 389 and an intraday low of Rs 366.05. I

  • Buy HUL, says Vijay

    29th April, 2008 11:49

    Portfolio Manager, PN Vijay is of the view that one can buy HUL with a long term perspective.

  • Rel Capital FY08 cons net profit up at Rs 1009.06 cr

    29th April, 2008 11:42

    Reliance Capital has announced its FY08 results. The company's FT08 consolidated net profit was up at Rs 1009.06 crore versus Rs 703.21 crore.

  • Sterlite Industries can test Rs 990-1000: Gujral

    29th April, 2008 11:32

    Technical Analyst, Ashwani Gujral is of the view that Sterlite Industries can test Rs 990-1000.

  • Bata has support at Rs 163: Gujral

    29th April, 2008 11:28

    Technical Analyst, Ashwani Gujral is of the view that Bata has support at Rs 163. The resistance at Rs 210 and about Rs 237. But people needs to be cautious that i

  • Societe Generale sees 25 bps Fed rate cut

    29th April, 2008 11:18

    Glenn Maguire, Asia Economist, Societe Generale, said the Fed might cut rates by 25 bps, reports CNBC-TV18. "A Fed funds rate of 1.75-2% looks appropriate. However

  • Int rate hike will affect demand: Sunil Mittal

    29th April, 2008 11:18

    Sunil Mittal said that companies found guilty of cartelisation should be punished. He feels interest rate hike will hit growth and affect demand.

  • KPIT Cummins declares Rs 89.3 cr MTM losses  

    29th April, 2008 11:13

    KPIT Cummins has declared MTM (marked-to-market) losses of Rs 89.3 crore. Its FY07 net profit was at Rs 50.3 crore. Ravi Pandit, Chairman & Group CEO of KPIT Cummi

  • Buy Bank of Baroda, target of Rs 450: Karvy

    29th April, 2008 11:01

    Karvy Stock Broking has maintained its buy rating on Bank of Baroda with a target price of Rs 450. Karvy expects Bank of Baroda to report net profits of Rs 3.78 bi

  • IDFC to raise bn dollar through infra fund

    29th April, 2008 10:59

    IDFC has announced its FY08 and Q4 results. The company's consolidated net profit was up 47.51% at Rs 742 crore versus Rs 503 crore.

  • RBI may watch monsoon to take further view: JPM Chase  

    29th April, 2008 10:48

    Rajeev Malik of JP Morgan Chase Bank feels that the market right now is pricing in a case for a rate hike. A hike in repo or reverse repo rate would surprise him,

  • Nifty has support at 5050

    29th April, 2008 10:43

    According to Khandwala Securities Market Preview report, Sensex has a support at 16,950 and Nifty at 5,050. These levels are crucial as we enter trade today.

  • Berger Paints acquires Polish Co, stk up 10.7%

    29th April, 2008 10:27

    At 10:19 am, Berger Paints was quoting at Rs 45.80, up Rs 4.45, or 10.76%. The company has acquired Polish Co Bolix SA for USD 38.6 million, reports CNBC-TV18. It

  • Midcap numbers seems to be interesting

    29th April, 2008 10:25

    I think more than the largecaps, you need to focus on the midcaps because there are at least 25-30 really interesting midcap numbers, which are coming in like Bart

  • Cairn India Q1CY08 PAT seen up at Rs 93 cr: Kotak

    29th April, 2008 10:08

    Cairn India is to announce its Q1 CY08 results. According to Kotak, its company's Q1 sales is seen up at Rs 337.6 crore versus Rs 236.4 crore.

  • Reliance Infra locked at 5% upper circuit

    29th April, 2008 10:04

    Reliance Industrial Infrastructure is locked at 5% upper circuit. At 10:02 am, the share was quoting at Rs 1,473.95, up Rs 70.20 on the NSE. There were pending buy

  • Can you afford to fall ill?

    29th April, 2008 10:00

    We explain the difference between Critical Illness Cover and Mediclaim policy. The verdict: you need both! Here's why.

  • Stride Arcolab Q1 net profit at Rs 52.6 cr

    29th April, 2008 09:56

    Stride Arcolab has declared its consolidated results for the quarter ended March 2008 (Q1). Its net profit was at Rs 52.6 crore Rs 6.07 crore.

  • US mkts end mixed ahead of Fed meet 

    29th April, 2008 09:53

    Stocks closed mixed, as investors stay cautious ahead of tomorrowís Federal Reserve Policy Meeting. Analysts expect another quarter point cut before the Fed hits t

  • See 10-yr yield bonds at 8.25%, if rates hiked: SCB 

    29th April, 2008 09:51

    Manoj Swain, Head of Fixed Income of Standard Chartered Bank is not expecting a rate hike in today's credit policy. In case of a no rate hike, he sees the 10-year

  • Nifty may face resistance around 5120-5150 levels

    29th April, 2008 09:50

    According to Angel Broking Technical Analysis report, on the higher side Nifty may face resistance around 5,120-5,150 levels. Stock specific movement is likely.

  • Dr. Reddy in an awkward situation: PN Vijay 

    29th April, 2008 09:44

    Portfolio Manager, PN Vijay said that that Dr. Reddy had already done quite a lot by increasing the CRR. So there is a chance that he would not do much on the inte

  • Nifty futures added 7 lakh shrs in OI 

    29th April, 2008 09:37

    Nifty futures turnover was at Rs 7,552 crore versus average of Rs 14,720 crore. Stock futures turnover was at Rs 14,644 crore versus average of Rs 16,620 crore. FI

  • Mkt ends with hefty gains: Nifty closes above 200 DMA

    29th April, 2008 09:26

    The markets ended higher with hefty gains on account of Repo and Reverse Repo remained unchanged by RBI in the new Credit Policy. However, RBI has hiked CRR by 25

  • Nervous ahead of policy

    29th April, 2008 09:18

    It was a nervous start to the week ahead of the credit policy, especially as it followed a spectacular day that we had on Friday. The volumes were distinctly lower

  • Nirma Q4 net profit at Rs 37.87 crore

    29th April, 2008 09:11

    Nirma has announce its fourth quarter results. The company's standalone net sales were at Rs 629.48 crore versus Rs 636.49 crore. YoY.

  • Rupee opens at Rs 40.15 per dollar

    29th April, 2008 09:02

    The Indian Rupee opened at Rs 40.15 per dollar versus Rs 40.16 yesterday.

  • Recession to be longer, deeper than expected: Warren Buffet

    29th April, 2008 08:58

    Warren Buffett, Chairman, Berkshire Hathaway said, ďI think we are in a recession. I mean recession is defined in a certain way by the NBER but I think it's define

  • Equity calls: Shah, Mutha, Sukhani

    29th April, 2008 08:56

    4900-5200 on the Nifty continues to be the broad range for the market. Traders were exiting positions built up over the last few days yesterday ahead of the Credit

  • F&O cues: Futures Open Int up by Rs 542 cr

    29th April, 2008 08:54

    F&O cues: Nifty Futures add 7 lakh shares in OI, at 17-pt premium. Futures Open Int up by Rs 542 crore, Options Open Int up by Rs 1,083 crore.

  • Fund Action witnessed in stocks on 28th April

    29th April, 2008 08:48

    On April 28, fund action was witnessed in LIC Housing Finance and CHI Investments.

  • India Inc to continue expansion: CNBC-TV18 CFO Poll

    29th April, 2008 08:46

    And our focus on the credit policy continues. So what is corporate Indiaís expectation from the RBI and what are the implications? A poll of CFOs conducted by CNBC

  • Crude back to $118/bbl after seeing record highs

    29th April, 2008 08:44

    Crude prices are trading around USD 118 after hitting a record high of USD 120 a barrel yesterday on account of shutdown of a north sea pipeline and reduced output

  • Stocks in news: Rel Comm, Cairn India

    29th April, 2008 08:43

    Stocks in news: Rel Comm has announced unlimited free STD calls within the network. Cairn India has results today.

  • Sesa Goa Q4 PAT at Rs 811.6 cr

    29th April, 2008 08:42

    Sesa Goa has announced its fourth quarter and FY08 results. The companyís PAT at Rs 811.6 crore versus Rs 263.34 crore, YoY.

  • Indian ADRs: ICICI Bank down 3.8%, HDFC Bank slips

    29th April, 2008 08:13

    Indian ADRs: ICICI Bank, HDFC Bank, Infosys, Dr Reddy's and Tata motors plunged

  • NTPC-BHEL venture eyes equipment manufacturing

    29th April, 2008 08:09

    The new BHEL-NTPC joint venture could virtually create a brand new player in the equipment manufacturing space in the country.

  • Toyota-Kirloskar may launch new vehicle

    29th April, 2008 07:59

    Toyota-Kirloskar Motor is expected to launch a new multi-purpose vehicle later this year.

  • Aftek Ltd Q4 results net profit up by 48.21%

    29th April, 2008 19:26

    AFTEK Ltd. Q4 results Net Profit up by 48.21%. The 48.21% increase in PAT from Rs 19.45 crore in the last yearís quarter (Marí07) to Rs 28.83 crore (Mar í08) is af

  • Network18 Q4 revenues cross Rs 230cr, up 90% (YoY)

    29th April, 2008 19:01

    Network18 Media & Investments Limited Q4 revenues cross Rs 230 cr; up 90% (YoY). Quarter's PAT at Rs 41cr Vs Rs 15.58 cr; up 161% (YOY)

  • GSS America Infotech reports revenues of Rs 2.987bn

    29th April, 2008 18:52

    GSS America Infotech Limited with focus in IT Infrastructure and Software Services sectors reported revenues of Rs. 2.987 Billion for the year ending 31.03.2008 a

  • Mkt likely to top at 19k in near-term: Reliance MF

    29th April, 2008 18:37

    Madhu Kela, Head Equity Investments, Reliance Mutual Fund, said the Sensex are likely to top around 18,500-19,000 for the near-term. He remains bullish for the lon

  • Cadila Healthcare Q4 net sales at Rs 546.9 cr

    29th April, 2008 18:30

    Cadila Healthcare has announced its consolidated results for the quarter ended March 2008 (Q4). The company's consolidated net sales were at Rs 546.9 crore versus

  • Ruchira Papers PAT up by 80%

    29th April, 2008 18:20

    Ruchira Papers Ltd. announced its results for the 4th quarter with an impressive PAT of Rs.719.37lacs, which is up by 80% as compared to the corresponding period l

  • Cairn India Q1 cons net sales up at Rs 315.8 cr 

    29th April, 2008 18:15

    Cairn India has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 315.8 crore versus Rs 236.4 crore, YoY.

  • Vishal Retail total stores reach 105

    29th April, 2008 17:56

    Vishal Retail has declared its fourth quarter and FY08 results. Its total stores reach 105

  • Kotak Mahindra Bank hikes term deposit rates

    29th April, 2008 17:48

    Kotak Mahindra Bank hikes term deposit rates. The Bank offers complete financial solutions for infinite customer needs through a comprehensive suite of investment

  • SBI Life records 93% gwth in FY07-08

    29th April, 2008 17:40

    SBI Life Insurance Company Limited, one of the most capital efficient insurers, announced a Net Profit of Rs 34 crore for the financial year ended March 31, 2008 i

  • Goldstone Infratech net up 246% in 2007-08

    29th April, 2008 17:27

    Goldstone Infratech net up 246% in 2007-08, Insulator business drives growth. Riding on the strong demand for its composite insulators, Goldstone Infratech Limited

  • RBI Reference Rate for US $ & Euro

    29th April, 2008 17:13

    RBI Reference Rate for US $ & Euro. The Reserve Bank of Indiaís Reference Rate for the US dollar is Rs.40.14 and the Reference Rate for Euro is Rs.62.92 on Apr

  • SBI can touch Rs 1825: Bose 

    29th April, 2008 16:56

    Technical Analyst, Rajat K Bose is of the view that State Bank of India, SBI can touch Rs 1825 and next target woul be Rs 1845-1860.

  • No exporter can bear 100% of duty alone: AN Mittal 

    29th April, 2008 16:47

    Anil Mittal, CMD, KRBL said that his company has requested their foreign customer to take on some of the burden of the duty imposed by PC Chidambaram and he is st

  • Land sale added to profit growth: Ceat 

    29th April, 2008 16:38

    Ceat announced its Q4 and FY08 results. Speaking to CNBC-TV18, PK Chowdhary, MD, Ceat said the topline has grown from Rs 563 crore to Rs 646 crore, which reflects

  • IFCI Q4FY08 net loss of Rs 42.52 crore

    29th April, 2008 16:30

    IFCI has announced its FY08 results. The company's consolidated net profit was up at Rs 1,022.4 crore from Rs 898.6 crore, YoY.

  • Buy HDFC Bank, target of Rs 1885: Angel

    29th April, 2008 16:24

    Angel broking has maintained its buy rating on HDFC Bank with a 12-month target price of Rs 1885. The Bankís Advances grew 35% yoy to Rs 63427 crore, with Retail A

  • Nagarjuna Fertilisers Q4 net profit at Rs 1.25 cr

    29th April, 2008 16:14

    Nagarjuna Fertilisers and Chemicals has declared its standalone results for the quarter ended March 2008 (Q4). The company's standalone net profit was at Rs 1.25 c

  • RBI to focus on growth, price & fin stability: Rakesh Mohan 

    29th April, 2008 15:57

    Dr Rakesh Mohan, Deputy Governor of RBI said that given the global uncertainties to do with financial markets, inflation and global economic slowdown, the RBI want

  • Software cos welcome STPI exemptions 

    29th April, 2008 15:47

    The Finance Minister in a reply to Budget said that the Software Technology Parks of India (STPI) will be extended to 2010 and this is most material to midcap tech

  • Liquidity Adjustment Facility : Auction results

    29th April, 2008 15:39

    The results of the RBI Repo/Reverse Repo auctions held on April 28, 2008

  • Strides Arcolab Q108 global revenues grow to Rs 278cr

    29th April, 2008 15:29

    Strides Arcolab Q1 08 Global Revenues Grow to Rs.278 crores [USD 69.50 million] PAT of Rs.52.60 crores [USD 13.15 million]

  • Looking at doubling gaming, motion pic sales: UTV 

    29th April, 2008 15:24

    Ronnie Screwvala, Chairman of the company said the group is looking at 100% growth in motion pictures as well as its gaming businesses in FY09.

  • Bombay Dyeing up buying interest

    29th April, 2008 15:10

    At 3:01 pm, Bombay Dyeing and Manufacturing Company was quoting at Rs 970, up Rs 98.25, or 11.27%. It has touched an intraday high of Rs 983 and an intraday low of

  • Output higher by 10% Y-o-Y: Cairn India 

    29th April, 2008 15:07

    Cairn India has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 315.8 crore versus Rs 236.4 crore, YoY. Its consolidated

  • Plan to pull down inflation to 5.5% over the yr: YV Reddy 

    29th April, 2008 15:00

    The response of markets to policy changes have been divergent, the RBI Governor, YV Reddy said. The global growth is slowing down significantly, he said, adding th

  • BSNL announces Integrity Pact Programme

    29th April, 2008 14:59

    Bharat Sanchar Nigam Limited today implemented the Integrity Pact Programme. Initially Integrity Pact agreement will be signed between BSNL and all its bidders for

  • Grasim Ind top loser on Sensex

    29th April, 2008 14:58

    Grasim Industries is top loser on the Sensex. At 2:49 pm, the share was quoting at Rs 2,539.00, down Rs 95.5, or 3.62%. It has touched an intraday high of Rs 2,734

  • Only sellers in KRBL, stk down

    29th April, 2008 14:55

    KRBL is locked at 5% lower circuit. At 2:46 pm, the share was quoting at Rs 138.75, down Rs 7.25. There were pending sell orders of 2,013 shares, with no buyers av

  • HUL net sales grow by 19.1%; FMCG sales grow by 19.4%

    29th April, 2008 14:50

    Hindustan Unilever Limited net sales grow by 19.1%; FMCG sales grow by 19.4%; Profit before Interest, Tax and Exceptional Items grows 22.7%; PAT grows by 16.5%.

  • Aban Offshore Q4 net profit up at Rs 34.5 cr

    29th April, 2008 14:47

    Aban Offshore has announced its fourth quarter results. The company's Q4 net profit was up at Rs 34.5 crore versus Rs 29.5 crore.

  • Bhushan Steel gains on solid Q4 numbers

    29th April, 2008 14:44

    At 2:35 pm, Bhushan Steel was quoting at Rs 818, up Rs 21.50, or 2.70%. It has touched an intraday high of Rs 824 and an intraday low of Rs 798. The company has de

  • Prefer Jindal Saw to Welspun Guj: R Shah

    29th April, 2008 14:39

    Rajen Shah, Chief Investment Officer of Angel Broking is of the view that one can prefer Jindal Saw to Welspun Gujarat Stahl Roh. Jindal Saw, which is in the simil

  • Network 18 cons Q4 net profit at Rs 33.74 cr

    29th April, 2008 14:36

    Network18's consolidated Q4 revenues stood at Rs 231.92 crore as compared to Rs 186.09 crore, while net profit came in at Rs 33.74 crore as against Rs 19.5 crore,

  • Buy ICICI Bank, target of Rs 1425: Khandwala

    29th April, 2008 14:32

    Khandwala Securities has recommended a buy rating on ICICI Bank with a target price of Rs 1425. Net Interest Margins (NIMs) although have remained stable for FY08

  • XL Telecom Q4 PAT was at Rs 14cr vs Rs 8.6cr

    29th April, 2008 14:23

    XL Telecom has announced it's Q4 results. It's net profit was at Rs 14 crore versus 8.6 crore (QoQ).

  • Keeping inflation at 5% continues to be RBIís goal 

    29th April, 2008 14:19

    The RBI Governor YV Reddy feels that the credit growth may slow down to 20% versus 21 % last year. He said he wants to contain the money supply to 16.5%. There is

  • Tech Mahindra up on large volume

    29th April, 2008 14:14

    At 2:05 pm, Tech Mahindra was quoting at Rs 875.50, up Rs 59.30, or 7.27%. It has touched an intraday high of Rs 887 and an intraday low of Rs 804.05. It was tradi

  • Bhushan Steel Q4 net profit at Rs 135 crore

    29th April, 2008 14:11

    Bhushan Steel has declared its fourth quarter results. It net profit was at Rs 135 crore versus Rs 109.70 crore, YoY.

  • Unitech firms up

    29th April, 2008 14:02

    At 1:53 pm, Unitech firms was quoting at Rs 304.80, up Rs 11.30, or 3.85%. It has touched an intraday high of Rs 305.80 and an intraday low of Rs 287.75. It was tr

  • Grasim Q4 cons net profits at Rs 881 cr

    29th April, 2008 13:59

    Grasim has announced its fourth quarter results. Its consolidated net profits at Rs 881 crore.

  • Yes Bank appointed by Inter State Council Secretariat

    29th April, 2008 13:36

    YES BANK, India's new age private sector Bank, has been appointed by the Inter state Council Secretariat, Ministry of Home Affairs, Govt. of India, to undertake a

  • Sujana Towers total income at Rs 15187.43 lakh

    29th April, 2008 13:27

    Sujana Towers total income at Rs. 15187.43 lakh. The company has posted profit after tax of Rs 1228.71 lakh and Basic and diluted earning per share of the company

  • HCL Tech leads gainers on the Nifty

    29th April, 2008 13:17

    HCL Technologies is top gainer on the Nifty. At 1:15 pm, the share was quoting at Rs 283.20, up Rs 17.80, or 6.71%. It has touched an intraday high of Rs 290 and a

  • Satyam among major gainers

    29th April, 2008 13:11

    Satyam Computer Services is among major gainers. At 1:03 pm, the share was quoting at Rs 466.05, up Rs 23.10, or 5.22%. It was trading with volumes of 425,545 shar

  • DLF advances 4.5%

    29th April, 2008 13:04

    At 1:02 pm, DLF was quoting at Rs 699.05, up Rs 30.55, or 4.57%. It has touched an intraday high of Rs 700 and an intraday low of Rs 668.10. It was trading with vo

  • Bharti Airtel top loser on the Sensex

    29th April, 2008 12:59

    Bharti Airtel is the top loser on the Sensex. At 12:51 pm, the share was quoting at Rs 905, down Rs 22.85, or 2.46%. It was trading with volumes of 473,479 shares.

  • RBI's Annual Policy Statement for the year 2008-09

    29th April, 2008 12:56

    Annual Policy Statement for the Year 2008-09 by Dr. Y. Venugopal Reddy, Governor, Reserve Bank of India. This Statement consists of two parts: Part I. Annual State

  • Mkts cheer credit policy; how do experts rate it? 

    29th April, 2008 12:54

    Jim Walker of CLSA is surprised by the RBIís decision to raise the CRR. He is expecting another round of rate hike on the lending front. The RBI move is unlikely t

  • Escorts advances 7%

    29th April, 2008 12:51

    At 12:43 pm, Escorts was quoting at Rs 107.20, up Rs 7.15, or 7.15%. It has touched an intraday high of Rs 107.50 and an intraday low of Rs 99.15. It was trading w

  • Network 18 shoots up smartly

    29th April, 2008 12:45

    At 12:37 pm, Network 18 Media & Investments was quoting at Rs 280.05, up Rs 30, or 12%. It has touched an intraday high of Rs 293 and an intraday low of Rs 250.25

  • Alok Ind promoters stake up to 34% from 29% 

    29th April, 2008 12:44

    Alok Industries has announced its fourth quarter results. The company's Q4 standalone net sales were up at Rs 724.79 crore from Rs 574.08 crore, YoY. Speaking to C

  • Allied Digital Srvcs total income at Rs 300.30cr,up 92.25%

    29th April, 2008 12:30

    Allied Digital Services Limited Total Income for the year ended March 2008, stood at Rs.300.30 crores, up by 92.25%

  • Reliance Capital up on good result

    29th April, 2008 12:24

    At 12:15 pm, Reliance Capital was quoting at Rs 1,478.10, up Rs 21.60, or 1.48%. It has touched an intraday high of Rs 1,500 and an intraday low of Rs 1,452. The c

  • Alembic an outperformer: Karvy

    29th April, 2008 12:20

    Karvy Stock Broking has maintained its outperformer rating on Alembic with a target price of Rs 75. Currently the stock is quoting at 10.3x FY 2009E and 8.4x FY 20

  • ICICI Bank among major gainers

    29th April, 2008 12:15

    ICICI Bank is among major gainers on the Nifty. At 12:13 pm, the share was quoting at Rs 923, up Rs 27.15, or 3.03%. It has touched an intraday high of Rs 925 and

  • Thomas Cook's PAT at Rs 78.9mn

    29th April, 2008 12:11

    Thomas Cook (India) Limited announced its financial result for the first quarter ended March 31, 2008. The Companyís revenues have increased by 17% while Profit be

  • Bajaj Hindusthan an underperformer: Karvy

    29th April, 2008 12:07

    Karvy Stock Broking has maintained its underperformer rating on Bajaj Hindusthan with a target price of Rs 190. Bajaj Hindustan Ltd (BHL) reported marginal revenue

  • Indiabulls Securities continues to gain

    29th April, 2008 12:00

    Indiabulls Securities has continued to gain. At 11:56 am, the share was quoting at Rs 128.20, up Rs 4.05, or 3.26%. It was trading with volumes of 3,850,587 shares

  • Binani Cement buys 45% stake in UAE Co

    29th April, 2008 12:00

    The company has current operating capacity of 6 million tonnes of cement. It is expected to rise upto 12 to 13 miilion tonnes. It has acquired 45% stake in a UAE c

  • CFO Rising: Finance Strategy Leadership

    29th April, 2008 11:57

    CFO Asia (a unit of The Economist Group) will showcase the best financial management practices driving Indian business today, through their second edition of CFO R

  • Container Corporation a market performer: Karvy

    29th April, 2008 11:51

    Karvy Stock Broking has revised its rating on Container Corporation of India from underperformer to market performer with a target price of Rs 956. At current leve

  • Mkts may expect gains on back of strong global cues

    29th April, 2008 11:45

    European markets finished mixed last night, as did the US indices. Most Asian markets are up this morning, with the Hang Seng quite strong. Tokyo is closed. The gl

  • Buy Sesa Goa: Vijay 

    29th April, 2008 11:40

    Portfolio Manager, PN Vijay is of the view that one ca buy Sesa Goa. They are producing a product, which is almost like gold in the global markets and the market c

  • Hindalco Industries an underperformer: Karvy

    29th April, 2008 11:32

    Karvy Stock Broking has maintained its underperformer rating on Hindalco Industries with a target price of Rs 155. Karvy expects revenue growth of 9.2% YoY (QoQ gr

  • Support for Sensex at 16600-16700

    29th April, 2008 11:20

    According to Karvy Stock Broking Technical Analysis report, world markets have ended on a mixed note, domestic indices ended on a weak note yesterday. Strong suppo

  • Bharti Airtel has target of Rs 1012: Gujral

    29th April, 2008 11:18

    Technical Analyst, Ashwani Gujral is of the view that Bharti Airtel has target of Rs 1012. It has support at Rs 840. Capital goods is one of the weakest sector and

  • Brokers bullish on Hind Zinc, JP Associates

    29th April, 2008 11:13

    Brokerage houses are bullish on Hind Zinc, Jaiprakash Associates, Bank of Baroda and Sterlite Ind.

  • Acquired co has revs of $150m: 3i Infotech 

    29th April, 2008 11:08

    V Srinivasan, MD and CEO, 3i Infotech, said the acquired company has revenue of USD 150 million, reports CNBC-TV18. "The acquired entity has a presence in the cheq

  • Cairn India cons PAT up at Rs 116.4 cr

    29th April, 2008 11:00

    Cairn India has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 315.8 crore versus Rs 236.4 crore, YoY.

  • GSK to launch anti-cancer drug Tykerb in May

    29th April, 2008 10:54

    GlaxoSmithKline Pharmaceuticals plans to launch a patented anti-cancer drug Tykerb in May, reports CNBC-TV18. The company also plans to in-license two brands short

  • PM's 10 commandments for India Inc

    29th April, 2008 10:44

    Inflation is public enemy No -1 for the UPA and an increasingly desperate Govt may go in for desperate measures in an election year to rein it in. Today both the P

  • RBI may raise reverse repo by 25 bps: Enam 

    29th April, 2008 10:37

    Nandan Chakraborty, Head of Research, Enam Securities, said the Reserve Bank of India, or RBI, will continue to remain hawkish and may raise the reverse repo by 25

  • Nifty may witness rally upto 5132-5174

    29th April, 2008 10:27

    According to Angel Broking Market Outlook report, is Nifty trades above 5105 during the first half-an-hour of trade then we may witness a further rally upto 5132-5

  • Dwarikesh Sugar Q2 net profit at Rs 6.4 cr

    29th April, 2008 10:15

    Dwarikesh Sugar Industries has announced its results for the quarter ended March 2008 (Q2). Its operating profit was at Rs 16.4 crore versus Rs 8.13 crore. It's ne

  • Sunil Hitech Q4 net profit at Rs 7.22 cr

    29th April, 2008 10:08

    Sunil Hitech Engineers has declared its results for the quarter ended March 2008. Its operating profit was at Rs 14.3 crore versus Rs 7.3 crore. Its net profit was

  • Ruchira Papers march quarter net profit at Rs 47 Lk

    29th April, 2008 10:02

    Ruchira Papers has declared its standalone results for the quarter ended March 2008. The company's net profit was at Rs 47 lakh versus loss of Rs 8 lakh on YoY bas

  • Sesa Goa gains 5.6% on robust results

    29th April, 2008 09:57

    At 09:56 am, Sesa Goa was quoting at Rs 3,914.70, up Rs 209.75, or 5.66% on the NSE. It has touched an intraday high of Rs 3,950 and an intraday low of Rs 3,765. I

  • Grasim Q4 PAT seen up at Rs 498 cr

    29th April, 2008 09:55

    Grasim Industries is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post Q4 profit after tax, PAT of Rs 498 crore as

  • Shiv Vani Oil Q1 net profit at Rs 31.8 cr

    29th April, 2008 09:52

    Shiv Vani Oil & Gas Exploration Services has announced its results for the quarter ended March 2008 (Q1). The company's net profit was at Rs 31.8 crore versus Rs 1

  • NALCO Q4 PAT seen down 26% at Rs 436.5 cr

    29th April, 2008 09:51

    NALCO is to announce Q4 FY08 results. Accordign to CNBC-TV18 estimates, Its net sales are seen down 11.43% at Rs 1387.74 crore versus Rs 1566.75 crore.

  • GSS America Q4 net profit at Rs 18.4 cr

    29th April, 2008 09:49

    GSS America Infotech has declared its results for the quarter ended March 2008. The company's net profit stood at Rs 18.4 crore versus Rs 13.7 crore on YoY basis.

  • Complete export ban to badly affect biz: Sesa Goa

    29th April, 2008 09:41

    PK Mukherjee, MD, Sesa Goa said that the complete export ban will badly affect the company. He said that he will have to look at the scenario. He never thought th

  • Rally to 5380-5400 levels unlikely soon: Gujral 

    29th April, 2008 09:33

    Technical Analyst, Ashwani Gujral feels that the markets are looking a little bit stretched today, at least in the short run. A rally towards 5380-5400 may not hap

  • Alok Ind net profit at Rs 53.74 crore

    29th April, 2008 09:20

    Alok Industries has announced its fourth quarter results. The company's Q4 standalone net sales were up at Rs 724.79 crore from Rs 574.08 crore, YoY.

  • Mkts to cheer if rates stay intact 

    29th April, 2008 09:12

    It's the D-day today. The big that will decide the course of the market. The was nothing much in volumes yesterday. What Dr Reddy decides today may initate the mar

  • Nirma Q4 net profit at Rs 37.87 crore

    29th April, 2008 09:10

    Nirma has announce its fourth quarter results. The company's standalone net sales were at Rs 629.48 crore versus Rs 636.49 crore. YoY.

  • Nifty likely to witness range of 5045-5135

    29th April, 2008 09:00

    The coming session is likely to witness a range of 5045 on declines and 5135 on advances. As long as the bulls maintain Nifty levels above the 5120 mark, the outlo

  • Buy MCX June Gold at Rs 11560

    29th April, 2008 08:57

    For gold, one could buy MCX June at Rs 11,560 per 10 grams with a target of Rs 11,640 per 10 grams, says Sarvanan K.

  • Capex for current year will be Rs 320 cr: Sesa Goa

    29th April, 2008 08:54

    Sesa Goa has announced its fourth quarter and FY08 results. The companyís Q4 PAT at Rs 811.6 crore versus Rs 263.34 crore, YoY.

  • Market cues: FIIs net buy $86.5 mn

    29th April, 2008 08:51

    Market cues: FIIs net buy $86.5 mn. MFs net sell Rs 73.4 cr in equity on Apr 25.

  • Reliance Power puts IPO money in MFs

    29th April, 2008 08:47

    Reliance Power Ltd, which raised Rs 11,562 crore in its IPO in January last, has temporarily parked almost the entire money in mutual funds. The 2007-08 financial

  • Nifty Futures turnover at Rs 7552cr vs avg of Rs 14720cr

    29th April, 2008 08:46

    Nifty Futures turnover was at Rs 7,552 crore versus avgerage of Rs 14,720 crore. Stock Futures turnover was at Rs 14,644 crore versus avgerage of Rs 16,620 crore.

  • Money calls: Kaul, Thanawala

    29th April, 2008 08:44

    The bond market is keenly awaiting the Credit Policy. If the Repo Rate is hiked by 25 bps, the 10-year yield is likely to move up to 8.20%, says Kaul

  • Rate cut or no, US remains in problem: Tyche Group 

    29th April, 2008 08:42

    Martin Hennecke, Sr Manager at Tyche Group told CNBC-TV18 that if the Fed doesnít cuts interest rates the housing market and financial pack will go down further.

  • Barista expanding footprints in domestic, overseas markets

    29th April, 2008 08:19

    With the coffee chain business becoming highly competitive, Barista Coffee is brewing strategies to expand footprints in the overseas and domestic markets. Seen as

  • Wall Street ends flat; Dow down 20 points

    29th April, 2008 08:11

    The Dow Jones industrial average slipped 20.11 points, or 0.16%, to 12,871.75. The Standard & Poor's 500 index fell 1.47 points, or 0.11%, to 1,396.37, and the Nas

  • Asian markets end lower

    29th April, 2008 08:00

    Asian markets ended lower. Taiwan's Taiwan Weighted declined 2.07% or 187.86 points at 8,891.74. Singapore's Straits Times was down 0.91% or 29.27 points at 3,172.

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