Mahindra Life Q3 net profit seen up at Rs 25.4cr
Mahindra Life Q3 revenues are seen up at Rs 126.2 crore versus Rs 88.98 crore.
Hero Honda margins under pressure - and this may continue
Hero Honda, the world’s largest two-wheeler maker by volumes, has reported a sharp 20% drop in profits to Rs 429 crore on the back of rising input costs, component shortages, and extraordinary expenses during the October-December quarter.
Size may not matter in driving down rising steel costs
The mega merger between Japan's Nippon Steel Corp and Sumitomo Metal Industries may improve competitiveness against lower-cost rivals, but might do little or nothing in cutting soaring raw material costs.
Oil rebounds with focus on Egypt, US employment
Oil rebounded on Friday, with Brent sttill above USD 102, with the focus on Egypt's volatile situation ahead of Friday prayers, and US employment data that will give direction to prices later in the day.
Top JPMorgan execs were warned about Madoff : Trustee
JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.
Seshasayee buys out Tamil Nadu paper firm
Mid-sized paper company Seshasayee Paper and Boards Limited is acquiring small paper producer Subburaj Papers Private Limited signaling a rare consolidation in the paper industry in the country.
Maruti rolls out luxury sedan, to take on Honda, Skoda
Maruti Suzuki, the car-maker with a near 50% Indian market share, is making a determined bid to enter the luxury sedan segment currently dominated by Honda and Skoda. Priced at around Rs 16.5 lakh for the non-automatic transmission version, the Suzuki Kizashi will challenge the Honda Accord and Skoda Superb by competing with them on price.
M&M promoters lower stake in flagship to below 26%
Mahindra & Mahindra’s promoters appear to be lowering their guard against takeovers. According to shareholding data given out by the company to the stock exchanges, the promoter holding has dropped to 22.76%, well below the 26% minimum needed to block special resolutions, according to DNA newspaper.
Petrol prices pinching wallet? How about an e-bike?
With consumers bogged down by escalating fuel costs, electric vehicle makers are now planning on getting aggressive with their marketing and advertising spends, reports The Economic Times.
Sensex, Nifty slip 2% this week
The 30-share BSE Sensex plunged 387.82 points or 2.11%, to close at 18,008.15 and the 50-share NSE Nifty tanked 116.4 points or 2.11%, to settle at 5,395.75.
Jamil Khatri’s IFRS Diary: Part 9
The 'near final' Ind-AS (IFRS converged standards to be followed in India) have recently been issued. While Ind-AS are based on IFRS (as issued by the International Accounting Standards Board); there are some important areas where Ind-AS are not in conformity with IFRS. Such divergences are commonly referred to as 'carve-out's'.
Nagarjuna Const Q3 cons net profit at Rs 52.1cr
Nagarjuna Construction consolidated net profit was down at Rs 52.1 crore versus Rs 55.8 crore, year-on-year, YoY.
Heavy sell-off drive Nifty below 5400
Profit booking heavyily weighed on the equity benchmarks at 15:05 hours - the Nifty tested the 5400 level for the first time since August 31, 2010 and the Sensex too broke the 18,000-mark. The sell-off was seen across sectors - Realty, FMCG, Bank, Capital Goods and IT saw major fall, down 2-3%.
Sun Pharma in poor health
Sun Pharmaceutical Industries touched an intraday high of Rs 446.80 and an intraday low of Rs 419.35. At 15:09 hrs the share was quoting at Rs 421.80, down Rs 16.70, or 3.81%.
Hold Blue Star; target of Rs 363: PINC Research
PINC Research has recommended hold rating on Blue Star with a target of Rs 363, in its February 02, 2011 research report.
Ackruti City Q3 cons net profit at Rs 67.8cr
Ackruti City Q3 consolidated net profit was up at Rs 67.8 crore versus Rs 55.6 crore, quarter-on-quarter, QoQ.
M&M sets up panel to speed up Ssangyong merger
Mahindra & Mahindra has set up a committee to speed up the amalgamation process of Ssangyong Motor Co, says The Economic Times. The panel has a 100-day brief during which it will begin with a communication exercise to highlight Ssangyong’s future growth plans.
ICRA assigns fundamental grade `4+` to Godrej Ind
ICRA Online has assigned the Fundamental Grade ‘4+’ and the Valuation Grade ‘B’ to Godrej Industries Limited (GIL).
Kotak Mahindra Bank takes a dip
Kotak Mahindra Bank touched an intraday high of Rs 381.40 and an intraday low of Rs 364.55. At 14:59 hrs the share was quoting at Rs 365.55, down Rs 12.45, or 3.29%.
Divis Labs Q3 cons net profit at Rs 98.4cr
Divis Laboratories Q3 consolidated net profit was up at Rs 98.4 crore versus Rs 67.8 crore.
NTPC slips on profit booking
NTPC touched an intraday high of Rs 181.90 and an intraday low of Rs 176.50. At 14:58 hrs the share was quoting at Rs 176.75, down Rs 5.45, or 2.99%.
Balrampur Chini Oct-Dec net profit down at Rs 23.4cr
Balrampur Chini Mills Oct-Dec net profit was down at Rs 23.4 crore versus Rs 76.6 crore, year-on-year, YoY.
Hold Everest Kanto Cylinder; target of Rs 90: PINC Research
PINC Research has recommended hold rating on Everest Kanto Cylinder with a target of Rs 90, in its February 01, 2011 research report.
Nagarjuna Constr dips 6.4% on poor Q3 numbers
Nagarjuna Construction Q3 consolidated net profit was at Rs 52.1 crore versus Rs 55.8 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 112.10 and an intraday low of Rs 103. At 14:49 hrs the share was quoting at Rs 103.70, down Rs 7.10, or 6.41%.
Cox & Kings Q3 cons net profit up at Rs 23 cr
Cox & Kings has reported consolidated a net profit at Rs 23 crore for the quarter ended December 2010 as against Rs 19.3 crore in same period the previous year.
