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Moneycontrol News Archive : 31 October, 2008

  • MF NAVs surge sharply as markets end strong

    31st October, 2008 23:20

    It was a sharp upsurge in equity diversified NAVs on Friday following spectacular session in the Indian equities. Benchmark indices shot up quite sharply on the ba

  • Kingfisher Airlines Q2 net loss at Rs 483.3 cr

    31st October, 2008 20:58

    Kingfisher Airlines has announced its second quarter results. The company's Q2 net loss at Rs 483.3 crore versus net loss of Rs 253.2 crore.

  • Duties on steel, jet fuel changed: Experts react 

    31st October, 2008 20:46

    Finance Ministry has announced change in export duty on steel. It has replaced ad valorem duty on iron fines with specific duty and cut the export duty on pig iron

  • Raymond's standalone net sales at Rs 434cr; up 25%

    31st October, 2008 20:23

    Standalone Net Sales at Rs 434 crores; up 25%. The textile segment sales registered an increase of 22% to Rs 370 crores driven by robust market demand.

  • Jamna Auto records turnover of Rs 343cr in H108-09

    31st October, 2008 20:14

    Jamna Auto achieved turnover of Rs 343 crore and net profit of Rs 4.82 crore for the first half of the current financial year ended on September 30, 2008. For Q2 F

  • Raymond Q2 net profit at Rs 24.34 cr

    31st October, 2008 20:02

    Raymond has declared its second quarter results. The company's Q2 standalone net sales were at Rs 433.65 crore versus Rs 345.54 crore, YoY.

  • ING Vysya Bank net profit up 23%, Operating profit up 67%

    31st October, 2008 19:54

    ING Vysya Bank H1 Net Profit up 23%, Operating Profit up 67%. The Net Profit of the Bank for the half year ended 30 September 2008 increased by 23% to Rs 87.6 cror

  • US markets trading weak in early trade

    31st October, 2008 19:38

    US markets have opened marginally weak. Dow Jones was trading down 0.3% or 27.48 points at 9153, Nasdaq was down 1.11% or 18.87 points at 1679.65. The S&P 500 was

  • Tata Motors Q2 numbers in line with estimates

    31st October, 2008 19:11

    Tata Motors Q2 (YoY) numbers were in line with estimates. Pressure on commerical vehicles and passenger volumes, inventory costs brought down margins.

  • Balmer Lawrie posts total income of Rs 462.70cr, up 29%

    31st October, 2008 19:09

    Balmer Lawrie & Co. Ltd., shows a 29% increase in total income to Rs. 462.70 cr. as compared to Rs. 363.48 cr. for the same period last year.

  • SREI Infra standalone net profit down at Rs 16.3 cr

    31st October, 2008 18:57

    SREI Infrastructure Finance has announced its second quarter numbers of FY09. Its Q2 consolidated net profit went down at Rs 26.18 crore from Rs 43.11 crore and ne

  • NCDEX Ė Trade details for October 31, 2008

    31st October, 2008 18:48

    At NCDEX, 401 members participated in trading on October 31, 2008 up to 5:00 pm and volumes were Rs 1,269 crore (one-way). There were more than 43,789 trades pu

  • Maytas Infra posts Net Profit of Rs 17cr

    31st October, 2008 18:40

    Maytas Infra achieves Turnover of Rs. 354 crores with Net Profit of Rs. 17 crores in the second quarter

  • Hindalco beats analysts expectations in Q2

    31st October, 2008 18:36

    Hindalco has announced its second quarter numbers. The company has reported better than expected numbers, mainly on account of by-product realisation and higher ot

  • See crude at $55/bbl if $61/bbl breaks: Microsec Commerze 

    31st October, 2008 18:23

    Shamik Bhose, Executive Director Ė Commodities, Microsec Commerze, said if crude breaks USD 61-60.50 per barrel levels then one can look at USD 57-55 per barrel.

  • Expect banking to outperform in one year: Lotus India 

    31st October, 2008 18:14

    Ajay Bagga, CEO, Lotus India AMC is bullish on banks. "Indian banks will recover faster as they are strongly capitalised. Overall, the trend is positive for banks

  • Capital Investment to be USD 9.2 bn over 3-yr: Essar Oil

    31st October, 2008 18:10

    Essar Oil has announced its second quarter numbers. Its net sales increased to Rs 13,717 crore from Rs 176.6 crore YoY and net profit was up at Rs 26 crore versus

  • Batliboiís consolidated profit up by 168%

    31st October, 2008 18:01

    Batliboiís Consolidated Profit up by 168%. Consolidated net profits improved to Rs. 199 lacs from Rs. 74 lacs against the previous quarter. Consolidated turnover

  • Rupee, bonds close higher

    31st October, 2008 17:49

    The spot rupee ended higher at Rs 49.46 per USD as against its previous close of Rs 49.67. The widely traded 8.24%, 2018 paper closed higher at Rs 104.97 as agains

  • Castrol India Q3 PAT up 10%

    31st October, 2008 17:40

    Castrol India Q3 PAT up 10%. During the Quarter July - September 2008, Profit After Tax increased by 10% to Rs 59.6 crores and Net sales / Income from Operation is

  • Will Sebi ask FIIs to reverse short positions on Monday? 

    31st October, 2008 17:26

    The government and RBI have identified dollar shortage as the principle cause for the liquidity crunch which is still there in the financial system. It is expected

  • CAR at 19%, Tier I at about 14% in Q2 FY09: Kotak Mahindra 

    31st October, 2008 17:17

    Dipak Gupta, Executive Director of Kotak Mahindra, said in all it was a mixed quarter for the company, the financing businesses, life insurance businesses did sign

  • IFGL Refractories Total Income at Rs 12609 lacs

    31st October, 2008 17:10

    IFGL Refractories Total Income at Rs 12609 lacs

  • MCX-SX: Price updates for currency futures via SMS

    31st October, 2008 16:57

    MCX-SX, India's newest stock exchange announced that they now provide price update on currency futures via SMS across all service providers.

  • How BK Goenka spun his success story 

    31st October, 2008 16:51

    From towels to brass exports to pipes, this wealth creator has literally done it all ó and did it with good olí fashioned hard work. This is the story of Welspun a

  • IVRCL Infra total debt at Rs 1450 cr

    31st October, 2008 16:49

    IVRCL Infrastructure and Projects has announced its second quarter results. Its net profit was at Rs 57 crore versus Rs 35 crore. Its other income was at Rs 17 cro

  • Below $720/oz, gold may slip to $680/oz 

    31st October, 2008 16:43

    Gold has seen the worst decline nearly by 7% in this week alone and in the month of October has seen sharp declines as well. In near-term if gold prices breaches U

  • Astra Microwave Net Rs 28.3 mn, up 52% YoY

    31st October, 2008 16:35

    Astra Microwave audited net profit for the quarteryear to 30 September 2008 was INR 28.29 million, up 52% from INR 18.61 million a year ago. Q2FY09 net sales from

  • India Inc reluctant to spend on security  

    31st October, 2008 16:29

    India Incís security is under threat. And this might well be because corporates are not willing to spend on security. India Inc's security concerns are being voice

  • Daburís International Biz continue to grow at a rapid pace

    31st October, 2008 16:28

    Daburís International Business continued to grow at a rapid pace with the division recording an impressive growth of 40.5%, led by robust performance in GCC, Egypt

  • IVRCL Infra's current order book at Rs 14-15K cr 

    31st October, 2008 16:21

    IVRCL Infrastructure and Projects has announced its second quarter results. Its net profit was down at Rs 57 crore versus Rs 35 crore. Sudhir Reddy, CMD, IVRCL sai

  • LANXESS microbiology labs in Singapore expand srvcs for MPP

    31st October, 2008 16:10

    LANXESS microbiology laboratories in Singapore and China expand services for material protection

  • GoAir launches Buy 5 get 1 Free offer

    31st October, 2008 15:59

    As the festive season sets in, GoAir, India's smartest airline, today announced a special offer - 'Buy 5 Get 1 Free'. The offer will enable customers to get a free

  • Strides Arcolab revenue up 32% to Rs 282cr for Q308

    31st October, 2008 15:50

    Strides Arcolab Q3í 08 revenue up 32% to Rs 282cr, Operational EBITDA at Rs. 36.7 Cr Up 128% , PAT at Rs 105.40 Cr

  • IOL Chemicals & Pharma PAT rises 32%

    31st October, 2008 15:38

    IOL Chemicals & Pharmaceuticals Limited PAT Rises 32 %, Total Income up by 9%. The Profit after Tax for the quarter ended September 30, 2008, went up by 25.53 % to

  • Buy tele, banking stocks; stay away from IT: ABN Amro  

    31st October, 2008 15:35

    Jignesh Shah, Head Equity Analyst, ABN Amro Private Banking India feels Bhartiís results were in line with his estimates. He is bullish on the telecom as he sees a

  • HEG to achieve 60000 productions run rate

    31st October, 2008 15:28

    The company's sales rose 40.6% at Rs 295 crore. It has delivered robust performance. The company is likely to achieve 60000 production run rate.

  • Play with low exposure right now: Orpheus Capitals 

    31st October, 2008 15:26

    Mukul Pal, CEO, Orpheus Capitals said it is a very tough time for a trader to get in and stay there, because the real money is made when you stay there, as 5-10% m

  • Tata Motors net revenue at Rs 7078.85 cr

    31st October, 2008 15:16

    Tata Motors Limitedís Net Revenue at Rs 7078.85 crores PAT Rs 346.99 crores in 2nd Qtr 2008-09. Tata Motorsí sales volume for the quarter (including exports) at 1

  • Rel Comm Q2 net profit at Rs 1530.8 cr

    31st October, 2008 15:09

    Reliance Communications has announced its second quarter results. The company's Q2 net profit was at Rs 1530.8 crore versus Rs 1575.7 crore, QoQ.

  • GVK Power Q2 cons net profit up at Rs 30.47 cr

    31st October, 2008 15:07

    GVK Power & Infra has declared its second quarter results. The company's Q2 consolidated net sales were up 14% at Rs 109.49 crore versus Rs 132.99 crore, QoQ.

  • Educomp bags order of Rs 50.27cr from Govt of Karnataka

    31st October, 2008 14:59

    Educomp bags order of Rs. 50.27 Crore from the Government of Karnataka

  • Satyam, Infosys can do well: Mohoni 

    31st October, 2008 14:58

    Technical Analyst, Deepak Mohoni is of the view that technology now is getting interesting. It was pretty weak but if you look at the last two-three weeks, technol

  • Crude has seen 35% decline in Oct 

    31st October, 2008 14:55

    Crude has seen the biggest monthly decline ever was down by nearly 35% in the month of October. It has seen USD 70.60 per barrel of a high coming into the markets

  • Tata Motors Q2 net profit at Rs 347 crore

    31st October, 2008 14:52

    Tata Motors has announced its second quarter results. The company's Q2 net profit at Rs 347 crore.

  • Maytas Q2 net profit at Rs 16.85 cr

    31st October, 2008 14:47

    Maytas has decalred its second quarter results. The company's Q2 net profit was at Rs 16.85 crore.

  • Exit Reliance Industries: VK Sharma 

    31st October, 2008 14:39

    VK Sharma of Anagram Stock Broking is of the view that traders need to get out from Reliance Industries.

  • Jaiprakash Associates gushes forth

    31st October, 2008 14:35

    Jaiprakash Associates was quoting at Rs 66.80, up Rs 5.15, or 8.35% at 2:25 pm. It has touched an intraday high of Rs 68.60 and an intraday low of Rs 63. It was t

  • IVRCL Infra Q2 net profit at Rs 57 cr

    31st October, 2008 14:32

    IVRCL Infrastructure and Projects has announced its second quarter results. Its net profit was at Rs 57 crore versus Rs 35 crore. Its other income was at Rs 17 cro

  • RBI reclassification may result in more NPAs ahead: IOB 

    31st October, 2008 14:25

    SA Bhat, CMD of Indian Overseas Bank, says call rates at 20-21% is alarming but the Reserve Bank of India (RBI) has no other alternative but to cut cash-reserve ra

  • Stride Arcolab Q2 net profit at Rs 105 cr

    31st October, 2008 14:23

    Stride Arcolab has announced its second quarter results. The company's net profit was at Rs 105 crore versus loss of Rs 12 crore. Its revenues at Rs 281.8 crore ve

  • SAIL melts down

    31st October, 2008 14:15

    SAIL was quoting at Rs 82.75, down Rs 2.65, or 3.1% at 2:05 pm . It has touched an intraday high of Rs 91.30 and an intraday low of Rs 81.

  • Syndicate Bk Q2 net profit at Rs 261.91 cr

    31st October, 2008 14:12

    Syndicate Bank has announced its second quarter results. The company's standalone net profit was at Rs 261.91 crore versus Rs 227.58 crore on YoY basis.

  • Ranbaxy Lab leads losers on Sensex

    31st October, 2008 14:07

    Ranbaxy Laboratories is top loser on the Sensex. It has touched a 52-week low of Rs 165. At 1:58 pm, the share was quoting at Rs 166, down Rs 6.85, or 3.96%. It wa

  • Bharti Airtel well funded for tower biz expansion 

    31st October, 2008 14:00

    Akhil Gupta said that the company had free cash of Rs 400 crore for first time. He added that the company was well funded for the tower business expansion. He furt

  • Hindalco Q2 standalone net profit at Rs 719.95 cr

    31st October, 2008 13:53

    Hindalco Industries has declared its second quarter results. The company's standalone net sales were at Rs 5,636 crore versus Rs 4,959.7 crore. Its standalone net

  • Larsen and Toubro bounces back

    31st October, 2008 13:51

    At 1:41 pm, Larsen and Toubro was quoting at Rs 805.15, up Rs 41.90, or 5.49%. It has touched an intraday high of Rs 816 and an intraday low of Rs 783.05. It was t

  • India Cement sees better prices post Dec 

    31st October, 2008 13:43

    N Srinivasan, Vice Chairman and Managing Director, India Cements, said, "The demand for cement is quite firm in the markets in which we are operating. Once this mo

  • Ipca Labs Q2 net profit at Rs 36.5 cr

    31st October, 2008 13:38

    Ipca Laboratories has announced its second quarter results. The company's Q2 net profit was at Rs 36.5 crore.

  • Hanung Toys Q2 net profit up at Rs 19.4 cr

    31st October, 2008 13:34

    Hanung Toys has decalred its second quarter results. The company's Q2 net profit was up at Rs 19.4 crore versus Rs 13.7 crore.

  • Andhra Bank Q2 net profit up at Rs 161 cr

    31st October, 2008 13:21

    Andhra Bank has announced its second quarter results. The company's Q2 net profit was up at Rs 161 crore versus Rs 151 crore.

  • Tata Chem maintains leadership position in domestic market

    31st October, 2008 13:18

    Tata Chemicals has announced its second quarter numbers. Its Q2 standalone net profit went up at Rs 215.8 crore from Rs 142.6 crore.

  • Bartronics India PAT up by 62.99% at Rs 2041.12 lakh

    31st October, 2008 13:10

    Bartronics India Limited's Q208 Net Sales up by 136.8% at Rs 16068.66 lakh, PAT up by 62.99% at Rs. 2041.12 lakh

  • Reliance Cap Q2 cons net profit up at Rs 229.2 cr

    31st October, 2008 12:55

    Reliance Capital has announced its second quarter results. The company's Q2 consolidated net profit was up at Rs 229.2 crore versus Rs 195.8 crore.

  • BEML Q2 net profit at Rs 55.51 cr

    31st October, 2008 12:54

    BEML has declared its second quarter results. The company's net sales were at Rs 613.89 crore versus Rs 475.19 crore. Its net profit was at Rs 55.51 crore versus R

  • J&K Bank Q2 net profit at Rs 115.9 cr

    31st October, 2008 12:52

    Jammu and Kashmir Bank (J&K Bank) has announced its second quarter numbers. Its Q2 standalone net profit went up at Rs 115.9 crore from Rs 107.8 crore.

  • Unity Infraprojects PAT up 42% to Rs 15.42cr

    31st October, 2008 12:45

    Unity Infraprojects Ltd posted a PAT of Rs 15.42 crores for the quarter ended September 30, 2008, a hop of 42% over Rs 10.83 crores for the same quarter last fisca

  • Bharti Airtel's revenue crosses Rs 9000 crore

    31st October, 2008 12:30

    Bharti Airtel Limited's consolidated total revenues for the quarter ended September 30, 2008 of Rs.9,020 crore grew by 42% and EBITDA of Rs. 3,699 crore grew by 37

  • Bharti Airtel cons net sales at Rs 8923.6 cr 

    31st October, 2008 12:29

    Bharti Airtel has announced its second quarter results. The company's (Indian GAAP) consolidated net profit was at Rs 1668.1 crore versus Rs 2210 crore on QoQ basi

  • Hero Honda skids 3.3%

    31st October, 2008 12:26

    At 12:20 pm, Hero Honda Motors was quoting at Rs 742.90, down Rs 26.1, or 3.39%. It has touched an intraday high of Rs 778 and an intraday low of Rs 738. It was t

  • IVRCL Infra Q2 PAT seen up 5.27% at Rs 37.16 cr

    31st October, 2008 12:21

    IVRCL Infrastructure is to announce its Q2FY09 numbers. Its Q2 profit after tax, PAT is seen going up by 5.27% at Rs 37.16 crore versus Rs 35.3 crore.

  • Cairn India flares up

    31st October, 2008 12:20

    At 12:11 pm, Cairn India was quoting at Rs 130, up Rs 13.45, or 11.54%. It has touched an intraday high of Rs 132.30 and an intraday low of Rs 120.45. It was trad

  • Eurotech Technologies launches BestNet VGA Cables in India

    31st October, 2008 12:11

    Eurotech Technologies, the Bangalore based leading technology distribution company, today announced the launch of high-performance BestNet VGA cables.

  • Apollo Hospitals drops stock split plan; stk up

    31st October, 2008 12:02

    At 11:52 am, Apollo Hospitals Enterprises was quoting at Rs 407.90, up Rs 14.10, or 3.58%. It has touched an intraday high of Rs 409.70 and an intraday low of Rs 3

  • Puravankara Proj cons Q2 net profit at Rs 50.5 cr

    31st October, 2008 11:55

    Puravankara Projects has declared its second quarter results. The company's consolidated net profit was down at Rs 50.5 crore versus Rs 60.2 crore.

  • Unitech slips on profit booking

    31st October, 2008 11:53

    At 11:48 am, Unitech was quoting at Rs 48.90, down Rs 1.7, or 3.36%. It has touched an intraday high of Rs 59.90 and an intraday low of Rs 47.80. It was trading w

  • Sun Pharma continues to slide

    31st October, 2008 11:49

    At 11:40 am, Sun Pharmaceutical Industries was quoting at Rs 1,084.90, down Rs 57.55, or 5.04%. It has touched an intraday high of Rs 1,180 and an intraday low of

  • Sun TV defers buyback plan; stock up

    31st October, 2008 11:43

    At 11:33 am, Sun TV Network was quoting at Rs 144.90, up Rs 9.95, or 7.37%. It has touched an intraday high of Rs 146 and an intraday low of Rs 137.25. The company

  • See India's GDP growth at 5-6% next year: Jim Walker 

    31st October, 2008 11:36

    Jim Walker, Managing Director, Asianomics, said Indiaís gross domestic product (GDP) growth is seen at 5-6% next year. Chinaís GDP growth, he added, would be lesse

  • Mahindra and Mahindra gears up

    31st October, 2008 11:31

    At 11:22 am, Mahindra and Mahindra, M&M was quoting at Rs 342, up Rs 39.50, or 13.06%. It has touched an intraday high of Rs 347 and an intraday low of Rs 303. It

  • Tilted portfolio towards large-cap cos: IDFC MF 

    31st October, 2008 11:14

    Ajay Bodke, Senior Fund Manager, IDFC Mutual Fund, said the company has tilted its portfolio during the last three months towards large-cap companies and those wit

  • Deccan Chronicle Q2 net profit at Rs 45.27 cr

    31st October, 2008 11:07

    Deccan Chronicle Holdings has declared its second quarter results. The company's standalone net profit was at Rs 45.27 crore. The company's standalone net sales at

  • ONGC Q2 EBITDA up at Rs 8505.4 cr

    31st October, 2008 11:01

    ONGC (Oil and Natural Gas Corporation) has declared its second quarter results. Its Q2 standalone net profit was down 5.67% at Rs 4808.41 crore versus Rs 5097.48 c

  • Infosys Technologies shoots up smartly

    31st October, 2008 10:57

    At 10:48 am, Infosys Technologies was quoting at Rs 1,430, up Rs 127.25, or 9.77%. It has touched an intraday high of Rs 1,437 and an intraday low of Rs 1,305.50.

  • Suzlon Energy may slip to Rs 17: N Pillai 

    31st October, 2008 10:47

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Suzlon Energy by going below Rs 50, signals that it is going to collapse further. On the down

  • BoJ cuts interest rates by 0.2% to 0.3% 

    31st October, 2008 10:44

    The Bank of Japan has cut rates to 0.3% from 0.5%. The governor had decided to cut rates as the vote was tied 4-4. Japanís economy is likely to be sluggish over ne

  • Tata Communications advances 12%

    31st October, 2008 10:27

    At 10:19 am, Tata Communications was quoting at Rs 460.70, up Rs 49.80, or 12.12%. It has touched an intraday high of Rs 462 and an intraday low of Rs 423.80. It w

  • NPA risk looms large on banking sector: Kotak Sec 

    31st October, 2008 10:21

    Shashank Khade, VP-Portfolio Management Services, Kotak Securities said markets are in a mood to price in all sort of risks. "I am not sure whether all the risk fa

  • Nalco Q2 topline above estimates; aluminium prices up 10%

    31st October, 2008 10:15

    National Aluminium Company, NALCO has announced its second quarter numbers. Its Q2 net profit jumped 1.1% at Rs 444.46 crore versus Rs 439.7 crore.

  • 9800 crucial level for Sensex: Modern Shares 

    31st October, 2008 10:08

    Neppolian Pillai of Modern Shares and Stock Brokers said that market structure has become so bad that every rally will be sold into. He sees 3150-3130 as maximum l

  • Buy Pepper-Nov above Rs 11380: India Infoline

    31st October, 2008 10:05

    India Infoline has recommended to buy Pepper-Nov above Rs 11380 with a stoploss of Rs 11240 and target of Rs 11500, Rs 11633, Rs 11760, Rs 11850.

  • Expect Silver to trade between Rs 16305-16690: Nirmal Bang

    31st October, 2008 10:02

    According to Nirmal Bang's Commodities report, Silver prices are expected to trade side-ways between 16305- 16690.

  • Aban Offshore declares result; stk surges 12%

    31st October, 2008 10:01

    At 09:58 am, Aban Offshore was quoting at Rs 788, up Rs 85.60, or 12.19% on the NSE. Its Q2 consolidated net profit was at Rs 268 crore and total income at Rs 824

  • ICICI Bank minting money

    31st October, 2008 09:59

    At 09:56 am, ICICI Bank was quoting at Rs 373.50, up Rs 28.15, or 8.15% on the NSE. It has touched an intraday high of Rs 375.95 and an intraday low of Rs 363. It

  • Bharti Airtel Q2 cons net profit at Rs 1668.1 cr

    31st October, 2008 09:57

    Bharti Airtel has announced its second quarter results. The company's (Indian GAAP) consolidated net profit was at Rs 1668.1 crore versus Rs 2210 crore on QoQ basi

  • India to create jobs even with 7% eco growth: FM

    31st October, 2008 09:52

    Chidambaram does not agree with the ASSOCHAM report on job losses and is sure India would create jobs even with a 7% economic growth He terms the economy growing a

  • GSS America Q2 net profit at Rs 7.87 cr

    31st October, 2008 09:50

    GSS America Infotech has announced its second quarter results. Its net profit was at Rs 7.87 crore versus Rs 4.33 crore.

  • Northgate Tech Q2 net profit at Rs 22.4 cr

    31st October, 2008 09:45

    Northgate Technologies has declared its second quarter results. Its net profit was at Rs 22.40 crore versus Rs 22.43 crore.

  • BPCL raw material costs up 49.7% at Rs 18,843 cr in Q2

    31st October, 2008 09:40

    Bharat Petroleum Corporation (BPCL) has declared its second quarter results. The company's standalone net loss was at Rs 2,625.27 crore versus net profit of Rs 1,0

  • Markets would see some recovery: Anagram

    31st October, 2008 09:35

    According to Anagram Research's report, our markets would see some recovery, led by the banks, which can then be used to lighten commitments.

  • Visa Steel Q2 net profit at Rs 20 cr

    31st October, 2008 09:33

    Visa Steel has announced its second quarter results. The company's revenues were up 115% to Rs 331.14 crore versus Rs 154 crore. Its net profit was at Rs 20 crore

  • Indiabulls Retail net loss at Rs 22.4cr

    31st October, 2008 09:30

    Indiabulls Retail Services has declared its second quarter results. Its Q2 net loss was at Rs 22.4 crore versus loss of Rs 24.7 crore.

  • eClerx Services Q2 net profit at Rs 13.84 cr

    31st October, 2008 09:29

    eClerx Services has declared its second quarter results. Its Q2 net profit was at Rs 13.84 crore versus Rs 15.9 crore, QoQ.

  • Expect gap up opening today: Gujral

    31st October, 2008 09:16

    Market will have a gap up opening today. Support for Nifty is at 2630 and resistance is at 2880 and 3050.

  • Expect some gains today: Mohoni

    31st October, 2008 09:05

    European markets improved further last night, and the US markets rallied as well. Asian markets are mixed this morning, though the Hang Seng has reacted after gain

  • JSL Q2 net loss at Rs 68.64 cr

    31st October, 2008 09:02

    JSL has declared its second quarter results. The company's standalone net sales were at Rs 1092.03 crore versus Rs 1127.49 crore. Its net loss was at Rs 68.64 cror

  • Ranbaxy Labs Q3 net profit seen down 76% at Rs 50 cr

    31st October, 2008 09:00

    Ranbaxy Labs is to announce its Q3CY2008 numbers. According to CNBC-TV18 estimates, its Q3 consolidated net profit is seen going down by 76% at Rs 50 crore versus

  • Tata Motors Q2 net profit seen at Rs 300 cr

    31st October, 2008 09:00

    Tata Motors is to announce its Q2FY09 numbers. According to CNBC-TV18 estimates, its Q2 net profit is seen going down at Rs 300 crore versus Rs 526 crore.

  • Sell MCX December Gold at Rs 11850

    31st October, 2008 08:58

    For gold, sell MCX December at Rs 11850 per 10 grams with a target of Rs 11,670 per 10 grams, says Manglik.

  • Videocon looking at repositioning brands

    31st October, 2008 08:54

    With its consolidation phase getting over, durables major Videocon is looking at repositioning its brands by focusing more on individual brands rather than adoptin

  • Structured products under Sebi scanner 

    31st October, 2008 08:52

    Structured products or equity-linked debenture instruments have lost their sheen. The global financial turmoil has forced Sebi to put these products under the scan

  • HCL Infosystems bags order from Delhi Police

    31st October, 2008 08:51

    IT company HCL Infosystems announced on Thursday that it has bagged a multi-year contract from Delhi Police to provide solutions and technologies that would enable

  • Gasoline futures tumble as demand declines 

    31st October, 2008 08:51

    US oil demand declined in the first 8 months of the year, the biggest in 28 years and the decline continues. Gasoline future will go off the board tomorrow and Dec

  • Hindujas to set up 4th foundry with Rs 150 cr outlay

    31st October, 2008 08:50

    Hinduja Foundries Ltd, on Thursday, laid the foundation stone for their fourth foundry unit in the country slated to come up at Toopran about 40 km from here with

  • Mall rentals drop 15-20% due to mkt crash

    31st October, 2008 08:50

    Mall rentals have become cheaper especially for anchor tenants. The drop is of course market specific. In certain markets, experts say, rentals have corrected by

  • Market cues: FIIs net sell $250.6 mn

    31st October, 2008 08:44

    Market cues: FIIs net sell USD 250.6 million in equity. MFs net buy Rs 503.5 crore in equity.

  • Jindal Steel and Power Q2 bottomline below estimates

    31st October, 2008 08:43

    Jindal Steel and Power has announced its second quarter numbers. Its Q2 topline was in line with estimates. The bottomline was below estimates on account of higher

  • Suzlon Energy Q2 net profit at Rs 16.98 cr

    31st October, 2008 08:41

    Suzlon Energy has announced its Q2FY09 numbers. Its Q2 standalone net profit stood at Rs 16.98 crore as against Rs 355 crore.

  • Pepper output declines on neglect of crop: Survey

    31st October, 2008 08:38

    The continuous decline in pepper production in Kerala, the main producer of the commodity in the country, mainly due to neglect of the crop, has resulted in the na

  • Market likely to bounce back: Vijay

    31st October, 2008 08:37

    The market is likely to bounceback on the back of unprecedented rally in Asian markets in last few sessions. Lot of short covering and value buying is underway, sa

  • Global liquidity crunch hits edible oil trade

    31st October, 2008 08:34

    Edible oil importers are strapped for cash as overseas banks decline to accept usance letters of credit from Indian importers, which allows them to pay their suppl

  • Asian markets end lower

    31st October, 2008 08:28

    Asian markets ended lower. China's Shanghai Composite dropped 1.97%% or 34.82 points at 1,728.78. Hong Kong's Hang Seng fell 2.52% or 361.18 points at 13,968.67. J

  • Crude falls below $66/bbl due to weak US GDP data 

    31st October, 2008 08:10

    Crude prices fell below the USD 66 per barrel mark as weak US GDP data rekindled worries about declining energy demand. In after hours access trading, NYMEX crude

  • Lotus Eyecare Sept qtr net profit at Rs 13 lakh

    31st October, 2008 07:43

    Lotus Eyecare has announced its numbers for the quarter ended September 2008. Its net sales went up at Rs 2.88 crore versus Rs 2.39 crore.

  • Divis Labs Q2 cons net profit at Rs 135.39 cr

    31st October, 2008 07:28

    Divis Laboratories has announced its second quarter numbers. Its Q2 consolidated net profit was up at Rs 135.39 crore versus Rs 90.97 crore.

  • Will Sebi ask for reversal of FII lending positions? 

    31st October, 2008 21:22

    The Sebi has released FII lending positions for 224 stocks as on October 9. The FII lending and borrowing numbers have not alarmed the regulator. Will this mean no

  • See 10-15% spike in current rally: Alchemy Capital 

    31st October, 2008 20:53

    KN Vaidyanathan, CEO, Alchemy Capital, said bear market corrections will be sharp, swift, and short-lived. I think the rally may continue for another 10-15%. But I

  • Take Solutions revenue up 33% YoY, 6% QoQ at Rs 99.7cr

    31st October, 2008 20:33

    Take Solutions Revenue Up 33% Y-o-Y and 6% Q-o-Q AT INR 99.7 crores. The company has reported more than 41 % increase in its Profit After Tax Y-o-Y at INR 18 crore

  • Capex for next 3 year is Rs 6000-6500 crore: M&M

    31st October, 2008 20:19

    Mahindra and Mahindra has announced its second quarter numbers. Its net profit was down by 20.35% to Rs 227 crore from Rs 285 crore.

  • SRF Q2 PAT rises by 26% at Rs 59 crore

    31st October, 2008 20:07

    SRF Q2 PAT rises by 26% at Rs. 59 crore

  • FIIs net sell of USD 266.5 mn on Oct

    31st October, 2008 19:55

    FIIs were net sellers to the tune of USD 266.5 million in equity on October 29, 2008.

  • MFs net buys Rs 620 cr Oct 29

    31st October, 2008 19:50

    Mutual Funds were net buyers Rs 620 crore in equity on October 29, 2008.

  • Dalmia Cement net sales at Rs 449cr, growth of 27%

    31st October, 2008 19:18

    Dalmia Cement (Bharat) Ltd. registers net sales at Rs. 44.92 crores reflecting a growth of 26.67% over the corresponding period last year. Total income for the q

  • DLF Q2 cons net profit down 4.12% at Rs 1935.35 cr

    31st October, 2008 19:09

    DLF has announced its second quarter numbers. The company's consolidated net sales were up 15.21% at Rs 3,744.39 crore versus Rs 3,249.91 crore on YoY.

  • Thomas Cook's PBT grew to Rs 551.3mn, growth of 35%

    31st October, 2008 19:00

    Thomas Cook's nine months consolidated figures for Profit before Tax (PBT) before Exceptional Item have grown to Rs. 551.3 Million, a growth of 35% over the corres

  • Essar Oil Q2 net profit at Rs 26 cr

    31st October, 2008 18:55

    Essar Oil has announced its second quarter numbers. Its Q2 net profit stood at Rs 26 crore versus loss of Rs 14 crore.

  • Tata Motors Indica Vista to boost its overall mkt share

    31st October, 2008 18:44

    Tata Motors has announced its second quarter results. The company's Q2 net profit at Rs 347 crore versus Rs 526 crore. It recently launched new generation Indica V

  • Higher interest cost impacts the profit: Aegis Logistics

    31st October, 2008 18:37

    Aegis Logistics has announced its second quarter results.

  • Arshiya International HIFY09 PAT rises 160% yoy

    31st October, 2008 18:30

    Arshiya International Total Income grew by 63% to Rs.146.46 crore in Q2FY09 from Rs.89.60 crore for the quarter ended September 30, 2007. total income increased 7

  • Bosch registers 16% sales growth in Q308

    31st October, 2008 18:22

    Bosch Limited (formerly Motor Industries Co Ltd.); a member of the worldwide Bosch Group, has registered a sales growth of 16% for the quarter July-September, 2008

  • Net4 Q2 revenues up 47.19%

    31st October, 2008 18:12

    Net4 India Limited, a leading IP Communications Services and Solutions Company, today reported the companyís consolidated revenues for the second quarter ended Sep

  • Essar Shipping sees dip in throughput in next two quarters

    31st October, 2008 18:09

    Essar Shipping Ports and Logistics has announced its second quarter numbers. Its net sales was at Rs 696.5 crore and net profit of Rs 65.72 crore.

  • BILTís Q1 PAT up by 4.7% to Rs 764.7 mn

    31st October, 2008 17:50

    BILTís Q1 PAT up by 4.7% to Rs. 764.7 million. Net revenues increase 17.3% to Rs.7718.2 million compared with Rs 6577.3 million

  • ING Vysya Bank Q2 standalone net profit at Rs 46.97 cr

    31st October, 2008 17:42

    ING Vysya Bank has declared its second quarter results. The company's standalone net interest income (NII) was at Rs 156.55 crore versus Rs 138.17 crore on YoY bas

  • 0.5 Mn subscribers addition in DTH in less than 60 days

    31st October, 2008 17:31

    0.5 million subscriber base addition in DTH in less than 60 days representing 40% of the incremental market share. 5.3 million wireless subscribers added in Q2

  • Ranbaxy Labs net sales at Rs 18884 mn, growth of 14%

    31st October, 2008 17:20

    Ranbaxy Laboratories Consolidated net sales at Rs. 18,884 Mn, a growth of 14% (USD 431 Mn).

  • Q3 nos hit by falling Re, US turmoil: Ranbaxy 

    31st October, 2008 17:17

    Malvinder Mohan Singh, CEO and MD, Ranbaxy, said Q3 earnings have hit by currency movement and developments in the US. The company, he said, has seen sales writedo

  • Heavy growth in bank deposits: Kotak Mahindra

    31st October, 2008 17:08

    Kotak Mahindra Bank has announced its second quarter numbers. The company's Q2 consolidated net profit declined to Rs 160.97 crore from Rs 229.26 crore.

  • India Cements adds 9.4 lakh shares in OI 

    31st October, 2008 16:56

    On the F&O perspective clocked in about 38,000 crore, very light for the first day but we are starting about 49-50% lighter in terms of stock futures value. India

  • Net worth at Rs 7068 cr: Reliance Capital

    31st October, 2008 16:50

    Reliance Capital has announced its second quarter results. The company's Q2 consolidated net profit was up at Rs 229.2 crore versus Rs 195.8 crore.

  • Hindalco Industries total revenue at Rs 5683.2 cr

    31st October, 2008 16:46

    Hindalco Industries Net sales and revenues have grown by 14% to Rs. 5,683.2 crores as compared to Rs. 4,966.9 crores for the corresponding period in FY 08

  • Capex plan for 2nd half of FY09 Rs 970 crore: Suzlon

    31st October, 2008 16:38

    Suzlon Energy has announced its Q2FY09 numbers. Its Q2 standalone net profit stood at Rs 16.98 crore as against Rs 355 crore.

  • Expect strong performance from banking stks: Bagga 

    31st October, 2008 16:29

    Ajay Bagga, CEO of Lotus Asset Management feels that there could be one quarter a bit of a correction specially October you could see some come off for the banks b

  • Ranbaxy Labs Q3 net loss at Rs 352.93 cr

    31st October, 2008 16:28

    Ranbaxy Labs has announced its third quarter numbers. It has reported net loss of Rs 352.93 crore in Q3CY08 as against profit of Rs 168.16 crore in same quarter of

  • Financial Tech Q2 net profit at Rs 77cr

    31st October, 2008 16:23

    Financial Technologies has declared it second quarter results. Its standalone net sales were at Rs 119 crore.

  • Geometric appoints Rani Desai to head Global HR

    31st October, 2008 16:21

    Geometric Limited, a leader in Engineering Services and Product Lifecycle Management solutions and technologies, announced the appointment of Ms. Rani Desai as Vic

  • HPCL Q2 net loss at Rs 3218.92 cr

    31st October, 2008 16:00

    HPCL has declared it second quarter results. Its standalone net sales were at Rs 35,462.22 crore versus Rs 24,234.44 crore, YoY.

  • Expect margins of 3.4-3.5% in FY09: J&K Bank

    31st October, 2008 15:56

    Jammu and Kashmir Bank (J&K Bank) has announced its second quarter numbers. Its Q2 standalone net profit went up at Rs 115.9 crore from Rs 107.8 crore.

  • Capex for 2nd half of FY09 Rs 5000 cr: Bharti Airtel

    31st October, 2008 15:45

    Bharti Airtel has announced its second quarter results. The company's (Indian GAAP) consolidated net profit was at Rs 1668.1 crore versus Rs 2210 crore on QoQ basi

  • Stocks that have cash levels > mkt cap 

    31st October, 2008 15:37

    There are two important companies which have higher cash levels as compared to their market cap. MTNL has a market cap of Rs 3,950 crores. It's cash plus investmen

  • Re-$ to stay volatile in near term: BNP Paribas 

    31st October, 2008 15:34

    Chin Loo, Senior Currency Strategist, BNP Paribas, said, ďAs far as the rupee is concerned, Rs 50 per dollar has somewhat been the top. Unless you see a sustained

  • GTL Infrastructure post revenue growth of 95% YoY

    31st October, 2008 15:28

    GTL Infrastructure's revenue was Rs 53.07 crores for the quarter ended September 30, 2008 as against Rs 27.17 Crores for the corresponding quarter in the previous

  • PNB Q2 net profit up at Rs 707.1 cr

    31st October, 2008 15:16

    Punjab National Bank has announced its second quarter results. The company's Q2 standalone NII at Rs 1712.2 crore versus Rs 1,291.5 crore.

  • Tata Motors announces result, stock up

    31st October, 2008 15:15

    Tata Motors had touched an intraday high of Rs 172.95 and an intraday low of Rs 160.50. At 3:04 pm, the share was quoting at Rs 165.05, up Rs 7.60, or 4.83%. It ha

  • Nu Tek India's standalone net income at Rs 76.57cr

    31st October, 2008 15:08

    Nu Tek India's Standalone Net Income at Rs 76.57 crore, up by 101% from Rs 38.06 crore and consolidated Net income of Rs. 82.24 CR

  • Kalpataru Power extends losses

    31st October, 2008 15:01

    Kalpataru Power Transmission had touched a 52-week low of Rs 432. At 2:51 pm, the share was quoting at Rs 440, down Rs 80.05, or 15.39%. It was trading with volume

  • Buy SBI, target of Rs 1559: Karvy

    31st October, 2008 14:59

    Karvy Stock Broking has maintained its buy rating on State Bank of India with a target price of Rs 1559. In 2QFY09, State Bank of India's net interest income grew

  • Suzlon Energy looks weak: Mohoni 

    31st October, 2008 14:56

    Technical Analyst, Deepak Mohoni is of the view that Suzlon Energy is looking weak.

  • BHEL gains further ground

    31st October, 2008 14:52

    Bharat Heavy Electricals, BHEL had touched an intraday high of Rs 1,269 and an intraday low of Rs 1,185. At 2:41 pm, the share was quoting at Rs 1,245.15, up Rs 66

  • J&K Bank H1 profit rises to Rs 210 cr

    31st October, 2008 14:50

    J&K Bank H1 Profit rises to Rs.210 crores. The net profit for the quarter ended September 30, 2008 rose to Rs 115.92 crore from Rs. 107.80 Crore compared with a ye

  • HDIL Q2 stand net profit at Rs 265.68 cr

    31st October, 2008 14:45

    HDIL has declared its second quarter results. The company's Q2 standalone net sales were down at Rs 477.56 crore versus Rs 570 crore, QoQ.

  • Power Grid Q2 net profit at Rs 396.43 cr

    31st October, 2008 14:37

    Power Grid Corporation of India has declared its second quarter results. The company's standalone net profit was at Rs 396.43 crore versus Rs 371.22 crore on YoY b

  • Kotak Mahindra Bank Q2 net profit at Rs 161 cr

    31st October, 2008 14:34

    Kotak Mahindra Bank has announced its second quarter numbers. The company's Q2 consolidated net profit declined to Rs 160.97 crore from Rs 229.26 crore.

  • ONGC takes dip

    31st October, 2008 14:27

    ONGC was quoting at Rs 617, down Rs 33.05, or 5.08% at 2:16 pm. It has touched an intraday high of Rs 700 and an intraday low of Rs 612. It was trading with volume

  • Metal looks very attractive for investment

    31st October, 2008 14:25

    Metal is also looking very attractive for investment for next week, of course for intraday some profit booking is also expected. Remember you can enjoy big profit

  • UCO Bank Q2 net profit at Rs 244 cr

    31st October, 2008 14:15

    UCO Bank has declared its second quarter results. The company's net profit was at Rs 244 crore versus Rs 110 crore.

  • XL Telecom Q2 net profit up at Rs 15 cr

    31st October, 2008 14:13

    XL Telecom and Energy has decalred its second quarter results. The company's Q2 net profit was up at Rs 15 crore versus Rs 6 crore.

  • Solid gain for Tata Steel

    31st October, 2008 14:11

    At 2:02 pm, Tata Steel was quoting at Rs 201.60, up Rs 14.25, or 7.61%. It has touched an intraday high of Rs 210.90 and an intraday low of Rs 190.35. It was trad

  • Flows mixed at FIIs desk 

    31st October, 2008 14:00

    Flows were mixed at FIIs desk. Borrowed short covering seen at few FII desk in early trade. Dealers expect pull back rally to be short lived as selling pressure co

  • See 10-20% dip in H1 FY09 margins: Nalco 

    31st October, 2008 13:56

    CR Pradhan, CMD, Nalco, expects margins in the second-half of the year to be very low. "It may be curtailed by another 10-20%. However, it will improve, as prices

  • Amara Raja Q2 net revenues up 33%

    31st October, 2008 13:51

    Amara Raja Second Quarter Net Revenues up 33%. The company recorded Net Revenues of Rs.3463 million (Rs.2597 million) for the period Ė an increase of over 33%. The

  • BPCL among major losers

    31st October, 2008 13:47

    BPCL is among major losers on the Nifty. At 1:38 pm, the share was quoting at Rs 294, down Rs 13.35, or 4.34%. It has touched an intraday high of Rs 310.90 and an

  • 'BBB-' rating on India affirmed with stable outlook

    31st October, 2008 13:42

    Standard & Poor's Ratings Services affirmed its 'BBB-' long-term and 'A-3' short-term sovereign credit ratings on the Republic of India. The outlook on the long-te

  • IVR Prime Q2 net profit at Rs 6.9 cr

    31st October, 2008 13:37

    IVR Prime has declared its second quarter results. The company's standalone net profit was at Rs 6.9 crore versus Rs 15.9 crore. Its standalone net sales were at R

  • KNR Constructions PAT at Rs 861.37 lakh

    31st October, 2008 13:33

    KNR Constructions Limited, the countryís leading construction and engineering company, reported net sales of Rs. 12660.22 lakh for the quarter ended September 30,

  • Alcatel-Lucent's Enterprise revenues grew 6.3%

    31st October, 2008 13:20

    Alcatel-Lucent's revenues declined 6.6% year-over-year and decreased 0.9% sequentially to Euro 4.065 billion. At constant exchange rate, revenues declined 2.2% yea

  • IOC Q2 net loss at Rs 7047.1 cr

    31st October, 2008 13:13

    IOC has decalred its second quarter results. The company's Q2 net loss at Rs 7047.1 crore versus net profit of Rs 3817.8 crore.

  • Godrej Consumer remains confident of strong growth

    31st October, 2008 12:57

    Godrej Consumer Products has declared its second quarter consolidated results. The company's consolidated net profit was at Rs 34.73 crore versus Rs 37.06 crore.

  • Taj GVK Hotels total income increased by 4% to Rs 61.83cr

    31st October, 2008 12:54

    TAJGVK Hotels & Resorts Limitedís total income increased by 4% to Rs 61.83 crores. Profit after Tax stable at Rs 16.26 crores

  • Suven Life Q2 net profit at Rs 4.8 cr

    31st October, 2008 12:53

    Suven Life Sciences has announced its second quarter numbers. Its Q2 net profit increased at Rs 4.8 crore versus Rs 1.2 crore.

  • Suzlon Energy Q2 revenues at Rs 2226.25 cr 

    31st October, 2008 12:45

    Suzlon Energy has announced its Q2FY09 numbers. Its Q2 standalone net profit stood at Rs 16.98 crore as against Rs 355 crore.

  • Demand forecast after seeing sentiments, credit state: M&M 

    31st October, 2008 12:31

    M&M did not forecast demand and said it will have to look at sentiments and credit availability to do that. The company will align production to match the demand,

  • Suzlon Energy touches 52-week low

    31st October, 2008 12:29

    Suzlon Energy has touched a 52-week low of Rs 40. At 12:25 pm, the share was quoting at Rs 44.15, down Rs 2, or 4.33%. It was trading with volumes of 21,282,536 sh

  • Expect topline of Rs 500 cr in FY09: Bartronics

    31st October, 2008 12:29

    Bartronics India has declared its second quarter results. Its Q2 consolidated net sales were at Rs 160.69 crore and net profit was at Rs 20.41 crore.

  • Prices to soften in Asia going ahead: Tata Chem 

    31st October, 2008 12:21

    PK Ghose, Executive Vice President and CFO, Tata Chemicals has a fairly strong outlook for soda-ash in FY09 and added that the global demand for soda ash remained

  • Softpro Q2 PAT up 86% to Rs 77.21 lacs

    31st October, 2008 12:21

    Softpro Systems Ltd., a leading enterprise and collaborative solutions provider, posted a profit after taxation of Rs. 77.21 lakhs for the quarter ended September

  • India Cement Q2 net profit of Rs 134.3 cr

    31st October, 2008 12:15

    India Cement has announced its second quarter results. The company standalone net profit was dwon at Rs 134.3 crore versus Rs 222.7 crore.

  • Tata Power marches ahead

    31st October, 2008 12:09

    At 12 pm, Tata Power Company was quoting at Rs 684, up Rs 67.45, or 10.94%. It has touched an intraday high of Rs 697.90 and an intraday low of Rs 631. It was trad

  • EID Parry's turnover is Rs 251.45 cr

    31st October, 2008 12:01

    The turnover of E.I.D. - Parry (India) Limited for the quarter ended 30th September, 2008 was Rs 251.45 Crore (Rs 161.53 crore). Gross operating profit for the qu

  • CESC Q2 net profit at Rs 124 cr

    31st October, 2008 11:54

    CESC has declared its second quarter results. Its net profit was at Rs 124 crore versus Rs 93 crore. Its OPMs were at 25.3% versus 19.3%. Q2FY08 had extraordinary

  • Sical Logistics operating profit grows by 43% to Rs 14.61cr

    31st October, 2008 11:52

    Sical Logistics Ltd announced that its operating profit grew by 43% to Rs 14.61 vs Rs 10.18 crore ,a year ago. The consolidated net sales of the second fiscal qua

  • Britannia sales up 27% in Q2

    31st October, 2008 11:45

    Britannia Industries Ltd., one of Indiaís leading food companies, reported sales of Rs. 8,386 MM for the quarter ended 30th September 2008, a growth of 27.3%. Net

  • Reliance Ind among major gainers

    31st October, 2008 11:37

    Reliance Industries is among major gainers on the Sensex. At 11:27 am, the share was quoting at Rs 1,335, up Rs 130.60, or 10.84%. It has touched an intraday high

  • Easing crude prices to help reduce subsidy burden: ONGC 

    31st October, 2008 11:34

    S Sharma, Chairman, ONGC said that the company has sustained its production levels despite the fall in production from some blocks. He is relieved that crude price

  • Expect EBIDTA of Rs 900-1000 cr in FY09: Welspun Gujarat

    31st October, 2008 11:23

    Welspun Gujarat Stahl Roh has declared its second quarter results. Its Q2 standalone net profit was at Rs 65.31 crore versus Rs 82.50 crore, YoY. Its operating pro

  • Brokers bullish on SBI, Cairn India, Glaxo Pharma

    31st October, 2008 11:11

    Brokerage houses are bullish on SBI, Cairn India, Glaxo Pharma, ICICI Bank, Tata Power, Bank Of India and M&M.

  • See bounceback in orderflow by Jan: Suzlon Energy 

    31st October, 2008 11:02

    Suzlon Energy reported its Q2 numbers. The company's standalone net profit is down at Rs 16.98 crore as against Rs 355 crore last year. Tulsi R Tanti, CMD of Suzlo

  • Bharti Airtel eyes increase in revenue  

    31st October, 2008 11:01

    The Bharti Airtel management said that the company had added more than eight million new customers in the last quarter. It added that it generated free cash flow i

  • Hindalco Industries may rally upto Rs 70: N Pillai 

    31st October, 2008 10:52

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that metal stocks are going to feel the burn completely in the next 12 months. But for the time be

  • No slowdown in orders seen: BHEL 

    31st October, 2008 10:46

    K Ravi Kumar, CMD of BHEL, said he doesnít see any slowdown in or cancellation of orders. Operating margins will be recouped over next two quarters, he added.

  • Indian GDRs: RIL gains 16%, ICICI Bank up 13.6%

    31st October, 2008 10:31

    Indian GDRs: RIL gained 16.09% at USD 55.77, ICICI Bank surged 13.64% at USD 16.16, Gail rose 13.11% at USD 27.7, L&T was up 10.71% at USD 3.11, SBI advanced 13.26

  • HDFC top gainer on the Sensex

    31st October, 2008 10:24

    HDFC is the top gainer on the Sensex. At 10:16 am, the share was quoting at Rs 1,669.85, up Rs 167.80, or 11.17%. It was trading with volumes of 69,637 shares. On

  • Bharti Airtel announces result, stk gains

    31st October, 2008 10:19

    At 10:10 am, Bharti Airtel was quoting at Rs 633, up Rs 17.95, or 2.92%. The company's (Indian GAAP) consolidated net profit was at Rs 1668.1 crore versus Rs 2210

  • Tata Steel has target of Rs 247-254: N Pillai 

    31st October, 2008 10:13

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Tata Steel has target of Rs 247-254. It went below 50-month at about Rs 440 and in the recent

  • NTPC to form 49:51 JV with Nuclear Power Corp, stk up

    31st October, 2008 10:07

    At 09:59 am, NTPC was quoting at Rs 138, up Rs 3.95, or 2.95%. The company is planning to form 49:51 JV with Nuclear Power Corp to set up nuclear power project, re

  • IOB bounces back

    31st October, 2008 10:04

    At 10 am, Indian Overseas Bank, IOB was quoting at Rs 74.15, up Rs 4.10, or 5.85% on the NSE. It has touched an intraday high of Rs 74.70 and an intraday low of Rs

  • Sell Gold MCX 1st Month Future at Rs 11790: Hem

    31st October, 2008 10:02

    Hem Securities has recommended to sell Gold MCX 1st Month Future at Rs 11790 with a stoploss of Rs 12080 and target of Rs 11492.

  • TVS Motor Q2 net profit at Rs 10.4 cr

    31st October, 2008 10:00

    TVS Motor Company has announced its second quarter results. Its net profit was at Rs 10.4 crore versus Rs 11.92 crore. Its interest costs Rs 12.2 crore versus Rs 7

  • BGR Energy Q2 net profit at Rs 23.68 cr

    31st October, 2008 09:58

    BGR Energy Systems has announced its second quarter results. Its net sales were at Rs 424.57 crore versus Rs 306.83 crore on QoQ basis. Its net profit was at Rs 23

  • Sun TV Q2 net profit at Rs 108.3 cr

    31st October, 2008 09:55

    Sun TV Network has declared its second quarter results. The company's operating profit was at Rs 176.3 crore versus Rs 139.8 crore. Its net profit was at Rs 108.3

  • Sobha Developers Q2 net profit at Rs 49 cr

    31st October, 2008 09:51

    Sobha Developers has announced its second quarter results. Its net profit was at Rs 49 crore versus Rs 56.2 crore.

  • Mkts see strong pullback; Metal, Oil, Bank indices up 7-10%

    31st October, 2008 09:46

    It was a spectacular session for the markets. Benchmark indices shot up quite sharply on the back of short covering on the first day of November series. Huge buyin

  • Nifty may rally upto 2775: Angel

    31st October, 2008 09:45

    According to Angel Broking's Market Outlook report, if Nifty trades above 2703 during the first half-an-hour of trade then we may witness a further rally up to 277

  • US markets end higher 

    31st October, 2008 09:39

    Stocks ending the day higher and the Dow gaining by about 190 points, the Nasdaq up 41 points and the S&P 500 adding 24 points. Oil ended lower and the worries abo

  • Nagarjuna Fert Q2 net profit at Rs 8.15 cr

    31st October, 2008 09:34

    Nagarjuna Fertilisers and Chemicals has declared its second quarter results. Its Q2 net profit was at Rs 8.15 crore versus Rs 8.66 crore.

  • Mcleod Russel Q2 net profit at Rs 121.7cr

    31st October, 2008 09:31

    Mcleod Russel has declared its second quarter results. Its Q2 net profit was at Rs 121.7 crore versus Rs 89.2 crore.

  • Nifty has resistance at 2780-2790: Reliance Money

    31st October, 2008 09:30

    According to Reliance Money's Morning Notes, NIFTY has strong hurdle around levels of 2780-2790 range while on lower side, any sustainable break below levels of 26

  • Nifty Futures rollover at 62% 

    31st October, 2008 09:19

    Nifty futures ended at 26-point premium versus 49-point premium at beginning of October series. Nifty 2700 Put added 12 lakh shares in Open Interest. Nifty 2700 Ca

  • NALCO Q2 net profit at Rs 444.46 cr

    31st October, 2008 09:14

    National Aluminium Company, NALCO has announced its second quarter numbers. Its Q2 net profit stood at Rs 444.46 crore versus Rs 439.7 crore.

  • Rupee opens at Rs 49.45 per dollar

    31st October, 2008 09:02

    The Indian Rupee opened at Rs 49.45 per dollar versus Rs 49.66 Wednesday.

  • MTNL Q2 net profit at Rs 91.86 cr

    31st October, 2008 09:00

    Mahanagar Telephone Nigam (MTNL) has declared its second quarter results. Its net profit was at Rs 91.86 crore versus Rs 115.19 crore on QoQ basis. Its OPMs were a

  • Tata Motors Q2 sales seen up 3.5% at Rs 6900 cr 

    31st October, 2008 09:00

    Tata Motors is to announce its Q2FY09 numbers. According to CNBC-TV18 estimates, its Q2 net profit is seen going down at Rs 300 crore versus Rs 526 crore.

  • India Cements Q2 PAT seen down 23% at Rs 170.5 cr

    31st October, 2008 09:00

    India Cements is to announce its Q2FY09 numbers. According to CNBC-TV18 estimates, its Q2 profit after tax (PAT) is seen going down by 23% at Rs 170.5 crore from R

  • Rupee likely to be strong: Venkatraman

    31st October, 2008 08:55

    The rupee is likely to be strong on global interest rate cut and relief rally in stock markets across the world. However the gains are going to be limited due to c

  • 10-year yield seen between 7.55-7.60%: Prabhu

    31st October, 2008 08:53

    The bonds are likely to be positive on lower inflation numbers. But liquidity is still under pressure with call money rates going over 10%. The 10-year yield is se

  • Nifty has resistance at 2786-2951: Gaba

    31st October, 2008 08:51

    The support for the Nifty is at 2630-2585 and the resistance to the up move is at 2786-2951.

  • Volatility to continue for Asian markets: Tyche Group 

    31st October, 2008 08:51

    Stephen Gollop, C-E-O of Tyche Group said, ď I have a horrible feeling that the Asian markets are pretty well back to where they should be for the time being, so I

  • Mkts may slip into a trading range 

    31st October, 2008 08:50

    We could not participate the run on the Asian markets on Thursday. Therefore, we should not look at the Asian screen but a strong start is expected. There were pro

  • Markets may open gap up: Bhamre

    31st October, 2008 08:50

    Agressive short rollover was not seen due to positive global cues. The markets may open gap up but the Nifty may find it difficult to sustain above 3000 levels, sa

  • Nifty likely to witness range of 2800-2600: Bhambwani

    31st October, 2008 08:47

    The coming session is likely to witness a range of 2800 level on advances and 2600 on declines. The bulls will need to keep the Nifty spot trading above the 2655 l

  • Will home loan rates subsidy for urban poor work?  

    31st October, 2008 08:44

    The Ministry of Housing is crafting a scheme that would persuade banks to give home loans to the urban poor at a 5% discount on interest rates. Will it work?

  • F&O cues: Marketwide rollover at 75%

    31st October, 2008 08:42

    F&O cues: Marketwide rollover at 75% Vs 76% seen last time.

  • Railway cash registers jingle as airlines bleed

    31st October, 2008 08:40

    The aviation industry is bleeding, but the railways have found something to cheer about. Many airline passengers, including executives, are now migrating to trains

  • Indian ADRs: ICICI Bank gains 13.6%, HDFC Bank up 11%

    31st October, 2008 08:37

    Indian ADRs: ICICI Bank, HDFC Bank, Sterlite, MTNL, Dr Reddys, Infosys, Satyam, Wipro, Tata Comm, Patni and Tata Motors gained.

  • Spot rubber prices improve

    31st October, 2008 08:36

    The physical rubber prices improved on Thursday. Sharp gains in the Japanese rubber futures kept the domestic market firm amidst covering purchases.

  • Wall Street ends higher; Dow up 189 points

    31st October, 2008 08:32

    Traders shrugged off disappointing GDP data that showed the economy is shrinking in late trade. It was yet again a session of wild swings with last minute gains. T

  • Stocks in news: IOC, Sterlite, GMR Infra, Religare

    31st October, 2008 08:25

    Stocks in news: Sterlite is seen making fresh bid for Asarco. IOC will get Rs 11,556 crore oil bonds for Q2. Religare board approved 2:3 rights issue of Rs 1802 cr

  • EID Parry Q2 net profit at Rs 694.3 cr

    31st October, 2008 07:44

    EID Parry has announced its second quarter numbers. Its Q2 consolidated net profit went up at Rs 694.3 crore versus Rs 43.94 crore.

  • Matrix Labs Q2 net profit at Rs 8.89 cr

    31st October, 2008 07:41

    Matrix Labs has announced its second quarter numbers. The company's Q2 consolidated net profit was at Rs 8.89 crore versus loss of RS 9.92 crore.

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