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  • Parsvnath Developers plans fund raising to reduce debt Aug 16, 2011 12:28 PM IST

    Parsvnath Developers plans fund raising to reduce debt

    Parsvnath Developers announced it first quarter results for FY12. The company reported a consolidated net profit of Rs 25.8 crore in the quarter ended June 2011. The company has been planning for Rs 2000 crore QIP. Chairman Pradeep Jain said that they would use this fund to reduce their debt on the balance sheet.

  • SBI sees net interest margin above 3.5% in FY12 Aug 13, 2011 04:35 PM IST

    SBI sees net interest margin above 3.5% in FY12

    State Bank of India's (SBI) net profit fell 45.7% to Rs 1,584 crore in the first quarter of FY12. Addressing a press conference, the management said that hike in base rate is expected to improve the margins further. "We expect NIMs of above 3.5% in FY12."

  • SBI will require capital in FY12 or early FY13: Macquarie Aug 13, 2011 03:57 PM IST

    SBI will require capital in FY12 or early FY13: Macquarie

    Head of financial research at Macquarie Research, Suresh Ganapathy told CNBC-TV18 that the rate of accretion of non-performing loans (NPLs) at margins could see a slowdown. He feels that SBI should raise capital in FY12 or at the beginning of FY13; otherwise, they will have issue to grow their book.

  • Brigade Ent to launch 10 million sq ft of projects in FY12 Aug 12, 2011 03:50 PM IST

    Brigade Ent to launch 10 million sq ft of projects in FY12

    Chairman and managing director of Brigade Enterprises, MR Jaishankar told CNBC-TV18 said that they would launch about 10 million square feet in this financial year. He also informed that they would be able to do about 31 million square feet of projects in FY12 in five-six years.

  • Rolta aims 15% margin in revenues next year Aug 12, 2011 02:00 PM IST

    Rolta aims 15% margin in revenues next year

    Chairman and managing director, KK Singh gave guidance for the next year that they would do 15% for both, margins and revenues. The company had begun an Intellectual Property (IP) oriented company and saw an improvement in its margins. The company’s order book is also getting healthier now, he added.

  • Not looking to raise funds through FPO: Hindustan Copper Aug 04, 2011 01:02 PM IST

    Not looking to raise funds through FPO: Hindustan Copper

    Hindustan Copper announced its first quarter results. The company's Q1 net profit was up 132% at Rs 60.4 crore versus Rs 26 crore and net sales were up 19% at Rs 269 crore versus Rs 226 crore. Hindustan Copper’s chairman and managing director, Shakeel Ahmed told CNBC-TV18 that they don’t look to raise funds through a follow on public offer (FPO).

  • SREI Infra cautious on Q2, Q3 due to interest rate hike Aug 01, 2011 12:45 PM IST

    SREI Infra cautious on Q2, Q3 due to interest rate hike

    Sunil Kanoria, vice-chairman of SREI Infrastructure, in an interview with CNBC-TV18's Sonia Shenoy and Latha Venkatesh, said that the company is not very optimistic about Q2 and Q3 because of the current environment. He said, "We expect to pass on some of the interest rate hikes to our customers in Q2."

  • Daiichi Sankyo posts 23.5% decline in Apr-June net income Jul 29, 2011 05:07 PM IST

    Daiichi Sankyo posts 23.5% decline in Apr-June net income

    Japanese drug-maker Daiichi Sankyo today reported a 23.5% drop in net income to 25.30 billion yen (USD 326 million) for April-June, 2011, on account of weak sales by its Indian unit Ranbaxy Laboratory, coupled with earthquake-related damage costs.

  • Bajaj Finserv sees sales slowing from Q3 Jul 29, 2011 02:10 PM IST

    Bajaj Finserv sees sales slowing from Q3

    Sanjiv Bajaj, managing director of Bajaj FinServ & Investments, in an interview with CNBC-TV18's Latha Venkatesh, said that their will either be a slowdown on topline growth or crimping of margins with Reserve Bank of India's (RBI) shocking rate hike.

  • Vedanta posts record Q1 EBITDA of $1.06bn Jul 29, 2011 01:04 PM IST

    Vedanta posts record Q1 EBITDA of $1.06bn

    India-focused mining group Vedanta posted record first-quarter core earnings, driven by continued strength in metals prices and higher zinc production.

  • Power sales to improve in third, fourth quarter: JSPL Jul 29, 2011 11:32 AM IST

    Power sales to improve in third, fourth quarter: JSPL

    Sushil K Maroo, director of Jindal Steel & Power (JSPL), in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the power sales numbers will improve from third and fourth quarter onwards.

  • Hexaware Q2 net jumps four-fold to Rs 60-cr Jul 27, 2011 01:53 PM IST

    Hexaware Q2 net jumps four-fold to Rs 60-cr

    IT consulting and software services provider Hexaware Technologies today posted a four-fold jump in second quarter net profit to Rs 60 crore for the period ended June 30, 2011.

  • Allahabad Bank Q1 net interest income rises 38.24% Jul 22, 2011 04:50 PM IST

    Allahabad Bank Q1 net interest income rises 38.24%

    Allahabad Bank today announced its first quarter results for FY12. Chairman and managing director of the company, JP Dua said that the net interest income had grown by 38.24% from Rs 850 crore to Rs 1,176 crore.

  • Hike in fare price can help sustain operations: Jet Airways Jul 22, 2011 04:49 PM IST

    Hike in fare price can help sustain operations: Jet Airways

    Shiv Kumar, vice president of finance at Jet Airways, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, gave his perspective of the first quarter performance and divulged future plans.

  • Move aside, Infosys... TCS is the new tech bellwether Jul 15, 2011 05:48 PM IST

    Move aside, Infosys... TCS is the new tech bellwether

    In the quarter ended June 2011, Tata Consultancy Services (TCS) reported better than expected results. Infosys' results, however, narrowly missed street expectations.

  • Awaiting govt policy to tackle under-recoveries: BPCL May 30, 2011 05:59 PM IST

    Awaiting govt policy to tackle under-recoveries: BPCL

    S Varadarajan, executive director (Finance) of BPCL, in an exclusive interview with CNCB-TV 18's Gautam Broker and Latha Venkatesh, gave his perspective on the fourth quarter numbers and the road ahead.

  • Expect EBITDA over 26% in FY12: Innoventive Industries May 13, 2011 11:53 AM IST

    Expect EBITDA over 26% in FY12: Innoventive Industries

    Chandu Chavan, chairman of Innoventive Industries, in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said the company expects growth in consolidated sales to Rs 850 crore and profit after tax (PAT) to Rs 90 crore in FY12.

  • GE Shipping shares fall 5% on tepid revenue growth outlook May 09, 2011 03:23 PM IST

    GE Shipping shares fall 5% on tepid revenue growth outlook

    Great Eastern Shipping shares tumbled around 5% to close at Rs on Monday as investors are worried of pressure on revenue growth for this year.

  • Infosys likely to hike M&A budget to $1-bn: Sources May 06, 2011 11:36 AM IST

    Infosys likely to hike M&A budget to $1-bn: Sources

    As part of their revised M&A strategy for FY12, IT mqajor Infosys is likely to hike its M&A budget up to USD 1 billion from its earlier USD 250-500 million

  • Jagran Prakashan certain of 20% plus growth in FY12 Apr 07, 2011 03:00 PM IST

    Jagran Prakashan certain of 20% plus growth in FY12

    In an exclusive interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, RK Agarwal CFO of Jagran Prakashan says that company is confident to see a growth of above 20% in FY12.

  • Frontline sectors banks, autos may weaken in FY12: Experts Apr 05, 2011 04:54 PM IST

    Frontline sectors banks, autos may weaken in FY12: Experts

    At the Indian Association of Investment Professionals (IAIP) Forecast, experts discuss about the various asset classes and equities and share their outlook for FY12.

  • UBI to launch wealth management business in FY12 Mar 10, 2011 01:57 PM IST

    UBI to launch wealth management business in FY12

    State-run Union Bank of India is scouting for partners for its wealth management business, which it plans to launch in FY12, a senior official told Reuters on Thursday.

  • Corporation Bank sees margin squeeze in H1FY12 Mar 09, 2011 03:14 PM IST

    Corporation Bank sees margin squeeze in H1FY12

    State-run Corporation Bank expects squeeze on its margins in the first half of FY12 due to higher cost of funds and advances to grow by a quarter in the year, a top official told Reuters on Wednesday.

  • Expect inbound tourism to be very strong in Q4: Cox & Kings Feb 04, 2011 05:14 PM IST

    Expect inbound tourism to be very strong in Q4: Cox & Kings

    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. Consolidated revenues increased to Rs 108 crore from Rs 78.9 crore.

  • KEC International Oct-Dec net up 25%, sees better Q4 Jan 31, 2011 09:16 PM IST

    KEC International Oct-Dec net up 25%, sees better Q4

    KEC International sees quarter ending March would be better than all the quarters in the financial year 2010/11, its chief executive officer and managing director said on Monday.

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