Bonanza neutral on Gujarat State Fertilizers Company
Bonanza has maintained neutral rating on Gujarat State Fertilizers Company (GSFC), in its February 7, 2011 research report.
IATA sees demand revival in air travel
Demand for international scheduled air traffic and freight has improved in 2010, according to International Air Transport Association (IATA)
Ambuja Cements Dec quarter net profit rises 7%
Ambuja Cements’ fourth quarter (October-December) net profit grew 7% year-on-year to Rs 258 crore despite lower cement prices, rising cost pressure, and logistics-related issues at two of its units in north India, The Economic Times reported.
Bonanza neutral on YES BANK
Bonanza has maintained neutral rating on YES BANK, in its February 7, 2011 research report.
Ambuja, ACC Cement report growth in Jan production
Ambuja Cement’s production in January rose 6.2% year-on-year to 1.84 million tonnes, reported Business Standard, quoting a company release. Despatches during the month rose 5.3% to 1.84 million tonnes.
Airport operator body wants aviation turbine fuel under GST
Private airport operators in the country want the government to bring aviation turbine fuel under the Goods and Service Tax Act in this budget.
Oil falls as investors look past Egypt unrest
US crude futures reversed gains from earlier on Monday to fall below USD 89 a barrel, as investors looked past the political crisis in Egypt and took note of heavy inventories in the US.
Improving VSF prospects cushion Dec earnings for Grasim
Grasim was able to post a decent performance in the December quarter, driven by the viscose Staple fibre (VSF) segment, reports Business Standard. Further, rising prices of competing fibres like cotton pushed the demand for VSF.
Egypt turmoil might trigger rise in air fares
A sharp rise in the price of aviation fuel due to the ongoing political turmoil in Egypt is likely to trigger a hike in air fares.
Sterlite Industries announces completion of the acquisition of Black Mountain Mines in South Africa
Sterlite Industries (India) announces completion of the acquisition of Black Mountain Mines in South Africa.
Asian Paints subsidiary's restart its operations
Two plants of Asian Paints subsidiary, which were shut due to prolonged curfew, have restarted the operations partially w.e.f February 6, 2011.
Co-processing: A clean India for Indian cement sector?
Since 2007, HUL has hauled 13,700 tonnes of its waste products to ACC's Kymore plant for 'co-processing', a term commonplace in the cement sector across the globe and now in India too, reports Economic Times.
Shree Ashtavinayak Cine Vision joins hands with LFS Media & Entertainment
Shree Ashtavinayak Cine Vision has joined hands with LFS Media & Entertainment to announce their new project tentatively called 'INDIA STUDIO CITY”.
Tecpro Systems enters into Collaboration with Nanjing Triumph Kaineng Environment and Energy
Tecpro Systems has entered into Collaboration with Nanjing Triumph Kaineng Environment and Energy for Waste Heat Recovery (WHR) Power Projects.
Cement prices may rise further
Cement makers may further increase prices by Rs 5-10 per bag--the fourth hike since November—because of rising input costs, reports Business Standard.
Accentia Tech bags order in Education Solutions domain from large Group of Institutions
Accentia Tech bags order in Education Solutions domain from large Group of Institutions with over 100 establishments in South India.
Kingfisher to add fleet by October
Kingfisher Airlines plans to add eight leased aircraft to its fleet by October, to benefit from rising air traffic in the country.
CRISIL to consider dividend
CRISIL has its Board of Directors meeting on February 14, 2011 to consider dividend for the year ended December 31, 2010.
Mahindra Lifespace Q3 PAT up 20% at Rs 33.4 cr
Mahindra Lifespace has reported profit after tax of Rs 33.4 crore for the quarter ended December 2010, up 20% as compared to Rs 27.9 crore in same quarter the previous year.
DCW Q3 net profit down 84% at Rs 3 cr
DCW Q3 net profit was down 84% at Rs 3 crore versus Rs 18.8 crore.
Kingfisher may face higher cost pressures
Kingfisher Airlines could face additional costs through higher insurance premium when its policy is renewed in June.
Elder Pharma Q3 cons net profit at Rs 15.8cr
Elder Pharma Q3 consolidated net profit was up at Rs 15.8 crore versus Rs 15.4 crore.
High ATF likely to dent airlines profitability
Rising aviation turbine fuel (ATF) prices during the slack season could hurt aviation companies’ profitability.
Boeing flying high in India with aggressive plans
Aircraft maker Boeing now hopes to earn USD 130 billion from India over the next 20 years, up from USD 100 billion projected earlier.
