Pipavav Shipyard, Punj Lloyd, PVR, Texmaco, Cummins India declared results today

Pipavav Shipyard
Net sales were at Rs 629.4 crore

Sunil Hitech Engineers
Net profit was at Rs 3 crore

Punj Lloyd
Net sales were down at Rs 1,700 crore versus Rs 3,223 crore

PVR
Net profit was down at Rs 1.35 crore versus Rs 8.7 crore
Net sales were down at Rs 334 crore versus Rs 352 crore

Shipping Corporation of India
Net profit was down at Rs 136 crore versus Rs 201 crore
Net sales were up at Rs 889 crore versus Rs 807 crore

Gitanjali Gems
Net profit was up at Rs 200 crore versus Rs 150.6 crore
Net sales were up at Rs 6,528 crore versus Rs 5,089 crore

Texmaco
Net profit was up at Rs 27.6 crore versus Rs 17.4 crore
Net sales were up at Rs 267.4 crore versus Rs 238 crore

IVRCL Assets and Holdings
Net sales were up at Rs 143 crore versus Rs 75.2 crore

Cummins India
Net profit was up at Rs 118.3 crore versus Rs 118.2 crore
Net sales were down at Rs 772.4 crore versus Rs 1,028 crore

ABG Shipyard
Net profit was up at Rs 52.8 crore versus Rs 52 crore
Net sales were up at Rs 520 crore versus Rs 371 crore

Kohinoor Foods
Net profit was at Rs 9.25 crore
Net sales were down at Rs 107.8 crore versus Rs 208 crore

PSL Limited
Net profit was up at Rs 122.7 crore versus Rs 94.9 crore
Net sales were up at Rs 3,941 crore versus Rs 3,560 crore

Arvind
Net profit was at Rs 15.4 crore
Net sales were down at Rs 556.8 crore from Rs 587 crore

KSK Energy Ventures
Net sales were up at Rs 453 crore from Rs 350 crore

BSE Sensex climbs 0.48% as majority of the sectors surge

The BSE 30-share Sensex rose 81.57 points or 0.48% to 16,944.63. The index rose 108.09 points at the day's high of 16,971.15 in late trade. The Sensex fell 56.56 points at the day's low of 16,806.50 in afternoon trade.

The S&P CNX Nifty rose 19.75 points or 0.39% to 5086.30.

The total turnover on BSE amounted to Rs 3753 crore lower than Rs 3979.07 crore on Friday, 28 May 2010.

The BSE Mid-Cap index rose 1.17% and the BSE Small-Cap index gained 0.62%. Both the indices outperformed the Sensex.

Most of the sectoral indices on BSE rose. BSE PSU index (up 2.7%), BSE Auto index (up 1.87%), Healthcare index (up 1.77%), Oil & Gas index (up 1.66%), Banking sector index Bankex (up 0.75%), FMCG index (up 0.65%), Power index (up 0.51%), BSE Consumer Durables index (up 0.49%), outperformed the Sensex.

BSE Realty index (down 0.89%), IT index (down 0.5%), Capital Goods index (down 0.04%), Metal index (up 0.26%), and underperformed the Sensex.
Market Breadth:
Positive 1645 Negative 1171 Unchanged 85
From the 30 share Sensex pack, 19 rose and rest fell.

JP Associates revenues in FY10 increased 68%

According to the Chairman of Jaiprakash (JP) Associates, Manoj Gaur, the realty revenues climbed 48%. Furthermore, the firm already declared its outputs in the financial year 2009-2010 wherein its revenues increased 68% to Rs 10,355 crore and net profit of Rs 1,920.3 crore as against Rs 897 crore year-on-year.

Pipavav Shipyard obtains Rs 629.4 crore net sales in FY10

In a statement released by Bhavesh Gandhi, the Executive Vice-Chairman of Pipavav Shipyard, a ship manufacturing firm, the firm already announced its consolidated net loss of Rs 46 crore and Rs 629.4 crore net sales in the financial year 2009-2010 as compared to Rs 4.7 crore profit in the financial year 2008-2009.

Network 18 Media attains Rs 399 crore revenues in Q4 FY10

In a statement released by Network 18 Media & Investments Ltd, the firm already informed the public about its quarter four outputs in the financial year 2009-2010 wherein its revenues increased to Rs 399 crore as against Rs 144.90 crore while its operating profit was recorded at Rs 9.4 crore.

Gujarat NRE Coke not declining amid coke costs fall

According to the Managing Director of Gujarat NRE Coke, Arun Kumar, the firm is in tense situation in a span of one month on back of witnessed depression in coking coal costs. Nevertheless, the firm is not declining. Moreover, the coking coal costs in quarter one of financial year 2009-2010 was USD 200 per tonne.

Reliance Media, CBS Corp under merger talks

The unit of Anil Dhirubhai Ambani Group of India, Reliance Media World, is intending to create an equal shared business enterprise with CBS Corp, an American firm, in order to introduce television channels. The official public declaration about the impending merger is set before weekend.

Khazanah offers $835 million for management of Parkway Holdings

The shares of Parkway Holdings climbed 25% following Khazanah, a sovereign fund based in Malaysia, tendered USD 835 million for management of the largest private health insurance group based in Singapore. Consequently, Fortis Healthcare (India) has to give its offer now if it still plans to maintain its 25% ownership in the said healthcare group.

Mukesh Ambani under acquisition talks with JM Financial Asset

According to the billionaire Mukesh Ambani, he has been in the initial part of the negotiation to acquire most of the stake in JM Financial Asset Management which manages USD 1.8 billion in investments. However, the terms of the pact are still to be decided.

McLeod Russel attains Rs 230.9 crore Q4 PAT in FY10

According to the Managing Director of McLeod Russel, Aditya Khaitan, the firm already announced its financial year 2009-2010 quarter four consolidated numbers wherein its sales increased by 32.8% to Rs 1,136.7 crore as against Rs 855.8 crore while its PAT climbed to Rs 230.9 crore from Rs 83.5 crore.

India expands with 8.6% GDP in Q4 FY10

The Indian economy expanded at its speediest pace in half a year in the quarter until March wherein 8.6% growth in gross domestic product or GDP was achieved in the quarter four of the financial year 2009-2010 year-on-year which almost hit the target of 8.7%.

BGR Energy Q4 standalone revenues skyrockets 131%

In a statement released by BG Raghupathy, the Chairman and Managing Director of BGR Energy, the conglomerate already announced it quarter four outputs in the financial year 2009-2010 wherein its standalone revenues skyrocketed 131% to Rs 1,657 crore from Rs 718.34 crore in the same period last year.

Unity Infraprojects achieves soaring net sales, PAT in Q4 FY10

According to the Chief Financial Officer of Unity Infraprojects, Madhav Nadkarni, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its net sales soared to Rs 493.34 crore as compared to Rs 383.63 crore while its PAT increased to Rs 27.66 crore from Rs 20.98 crore.

Fatpipe Networks IPO to be launched in June 7

Fatpipe Networks India already set the range of price for the firm’s IPO or initial public offer with an amount of Rs 82 - 85 for every share wherein this issue is scheduled to be introduced in June 7 to be subscribed while the conclusion is dated two days after.

Voltas, Gayatri Projects, Rane Holdings, Indian Oil Corporation declared results today

Oil and Natural Gas Corporation
Net profit was up at Rs 3,776 crore versus Rs 2,207 crore
Net sales were up at Rs 14,713 crore versus Rs 13,704 crore

Voltas
Net profit was up at Rs 381 crore versus Rs 251 crore
Net sales were up at Rs 4,806 crore versus Rs 4,326 crore

Nectar Lifesciences
Net profit was up at Rs 92 crore versus Rs 45 crore

Fresenius Kabi Oncology
Net profit was at Rs 80.2 crore

Gayatri Projects
Net profit was up at Rs 15 crore versus Rs 11 crore
Net sales were up at Rs 377.2 crore versus Rs 333.9 crore

Steel Authority of India
Net profit was up at Rs 2,084 crore versus Rs 1,485 crore
Net sales were up at Rs 12,229.7 crore versus Rs 11,986 crore

Rane Holdings
Net profit was up at Rs 41.6 crore versus Rs 16.5 crore

Housing Development and Infrastructure
Net profit was up at Rs 177.84 crore versus Rs 162.76 crore

Indian Oil Corporation
Net profit was down at Rs 5,557 crore versus Rs 6,623 crore
Net sales were up at Rs 66,116 crore versus Rs 59,596.7 crore

Dredging Corporation India
Net profit was at Rs 70 crore
Net sales were at Rs 645 crore

Hanung Toys and Textiles
Net profit was up at Rs 33.28 crore versus Rs 23.08 crore

BSE Sensex increases 1.18%, market progresses again

The BSE 30-share Sensex was up 196.66 points or 1.18% to 16,863.06. The index rose 224.70 points at the day's high of 16,891.17 in late trade. The Sensex rose 26.26 points at the day's low of 16,692.66 in early trade.

The S&P CNX Nifty was up 63.45 points or 1.27% to 5,066.55 as per provisional closing

The BSE Mid-Cap index rose 1.65% to 6,756.01 and the BSE Small-Cap index rose 1.39% to 8,494.45. Both the indices outperformed the Sensex.

The total turnover on BSE amounted to Rs 3962 crore, higher than Rs 3,824.08 crore on Thursday.
Market Breadth:
Positive 1930 Negative 936 Unchanged 100
From the 30 share Sensex pack, 24 rose and rest fell.

Glenmark Pharma attains Rs 491 crore net sales in Q4 FY10

According to the Chief Executive and Managing Director of Glenmark Pharmaceuticals Ltd, Glenn Saldanha, the firm already announced its Q4 outputs in the financial year 2009-2010 wherein its consolidated net profit was recorded at Rs 102 crore in quarter until March while its net sales stood at Rs 491 crore YoY.

Bank of Rajasthan absorbs net loss of Rs 92.3 crore in Q4 FY10

According to the Managing Director and Chief Executive Officer of Bank of Rajasthan, G Padmanabhan, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its net loss was recorded at Rs 92.3 crore as compared to profit at Rs 2.9 crore.

Pudumjee Pulp & Paper predicts 20% increase in FY11 sales

According to the Director of Pudumjee Pulp and Paper Mills Ltd, Arun Jatia, the firm established in Pune already commenced operations in producing as well as selling of specialty papers. Moreover, it looks forward to achieve 10% increase in sales for the financial year 2010-2011.

150 stores to be established by Bharti Wal-Mart this year

According to the Vice Chairman and Managing Director of Bharti Enterprises, Bharti Wal-Mart has been targeting to launch 150 stores until December of 2010 wherein revenue of USD 2 billion is predicted to be obtained seven years from now. Moreover, the firm eyes to commence business in South India by 2011.

Apollo Hospital top-line stands at Rs 1,800 crore in FY11

In a statement released by the Executive Director for Finance of Apollo Hospital, Sunita Reddy, he revealed that the conglomerate already declared its quarter four outputs in the financial year 2009-2010 wherein its top-line stood at Rs 1,800 crore while its profit was at Rs 152 crore.

USD 1.2 billion to be invested in Brazil unit by ArcelorMittal

The global leader in steel manufacturing, ArcelorMittal, stated last Thursday that its capital expenditure in Brazil is worth USD 1.2 billion in order to increase capacity of steel merchandise. Hence, the production at ArcelorMittal’s Joao Monlevade subsidiary will be twofold to 2.4 million tonnes.

Omaxe Infrastructure to attain Rs 2,000 crore order book in FY11

In a statement released by Rohtas Goel, the Chairman and Managing Director of the realty firm Omaxe Ltd, the conglomerate has been anticipating its infrastructure and construction arm order book to Rs 2,000 crore in FY11. Omaxe Infrastructure and Construction obtained last end of March an order book worth Rs 760 crore.

DB Corp achieves rise in sales and PAT in Q4 FY10

According to the Non-Executive Director of DB Corp, Girish Agarwaal, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein its sales increased to Rs 257 crore from Rs 235 crore while its PAT jumped to Rs 23.5 crore from Rs 14.9 crore.

433 Megawatt assets purchased by Reliance Power from group firm

In a statement released by Reliance Power this Friday, the firm already purchased 433 megawatt of capacity equities from Reliance Infrastructure, a group conglomerate. In addition to that, the transfer of assets obtains an amount of Rs 1,095 crore or USD 234.5 million.

Hanung Toys attains Rs 33.28 crore net profit in Q4 FY10

According to the Chairman and Managing Director of Hanung Toys and Textiles, Ashok Kumar Bansal, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its net profit increased Rs 33.28 crore as compared to the previous Rs 23.08 crore quarter-on-quarter.

India’s food price index jumps 16.23% year-on-year

According to the statistics revealed by the government, the food price index of India increased 16.23% in the same period last year until May 15 whereas the fuel price index escalated 12.08% year-on-year. Moreover, the primary articles index jumped 15.90% as against last week’s 16.19% YoY.

Amtek Auto acquires 26.25% stake in group company Amtek India

In a statement released by Amtek Auto Ltd this Friday, the firm informed the public that it has already acquired 26.25% stake in Amtek India Ltd, its group conglomerate, by means of many block pacts on the BSE at a median cost of Rs 64.83 per share.

Britannia Industries to widen up business production in FY11

Britannia Industries Ltd, a bakery as well as dairy products manufacturing firm, has been aiming to widen up business production in bakery merchandise through establishment of utmost two additional refineries worth Rs 70-80 crore this financial year, according to its Managing Director Vinita Bali.

Sabero Organics PAT in Q4 FY10 increases to Rs 7.25 crore

According to the Vice Chairman of Sabero Organics, Sumit Chuganee, the firm already declared its fourth quarter outputs in the financial year 2009-2010 wherein its revenue decreased from Rs 98.85 crore to Rs 96.57 crore in the same period last year. Its PAT increased from Rs 0.99 crore to Rs 7.25 crore.

Sun TV Network achieves 41.3% cons net profit in Q4 FY10

According to the Chief Operating Officer of Sun TV Network, Ajay Vidyasagar, the firm already announced its Q4 FY10 outputs wherein its consolidated net profit increased 41.3% from Rs 368 crore to Rs 520 crore YoY while its consolidated net sales rose 39.85% to Rs 1,453 crore from Rs 1,039 crore.

Pennar Industries net profit slightly rises in Q4 FY10

According to the Chairman of Pennar Industries, Nrupender Rao, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its revenues increased from Rs 195.49 crore to Rs 240.42 crore in the same period last year while its net profit slightly rose to Rs 13.84 crore from Rs 13.60 crore.

MIC Electronics eyes turnover of Rs 425 crore until June 2011

In a statement released by the Chief Operating Officer of MIC Electronics, V Muthuswamy, he confirmed that the conglomerate already embarked on a shared business enterprise with Beltron Telecom Green. Moreover, he anticipates a turnover to the amount of Rs 425 crore until June 2011.

M&M files request letter to acquire Ssangyong

Mahindra & Mahindra or M&M, a leading vehicle firm in India, already filed a request letter to acquire Ssangyong, an SUV leading firm based in Korea, the same way with Ruias, Renault and Seoul Investment. The deadline for filing request letters is set on May 28, 2010.

NAVs intensely progress amid rise in all sectors

While the benchmark Nifty exhibited outstanding rebound in the past two days as well as concluded this month-end session more than 5,000 mark, equity diversified NAVs wrapped up the day soaring with an advance:decline ratio of 232:2 wherein every sectoral fund progressed.

Engineers India, Oil India, Colgate Palmolive (India), Ennore Coke declared results today

Engineers India
Net profit was down at Rs 124.9 crore versus Rs 158.8 crore
Net sales were up at Rs 640.3 crore versus Rs 407.6 crore

Oil India
Net profit was up at Rs 431 crore versus Rs 70.8 crore
Net sales were up at Rs 1,832 crore versus Rs 1,367 crore

Colgate Palmolive (India)
Net profit was up at Rs 114.4 crore versus Rs 77.1 crore
Net sales were up at Rs 516.6 crore versus Rs 455.5 crore

Bharat Petroleum Corporation
Net profit was up at Rs 1,632.36 crore versus Rs 633.76 crore

Sangam (India)
Net profit was at Rs 7.8 crore

Action Construction Equipment
Net sales were up at Rs 9 crore versus Rs 1 crore

Ennore Coke
Net profit was at Rs 3.6 crore

Indo Rama Synthetics (India)
Net profit was at Rs 7.1 crore

Bannari Amman Spinning Mills
Net profit was up at Rs 15 crore versus Rs 8 crore
Net sales were up at Rs 355 crore versus Rs 286 crore

Nagarjuna Fertilisers and Chemicals
Net profit was up at Rs 23 crore versus Rs 12.6 crore
Net sales were down at Rs 516 crore versus Rs 541 crore

Heritage Foods (India)
Net profit was at Rs 10.5 crore

LT Foods
Net profit was down at Rs 1.3 crore versus Rs 6.2 crore
Net sales were up at Rs 287.1 crore versus Rs 243.2 crore

Mphasis
Net profit was up at Rs 267.3 crore versus Rs 238.5 crore
Net sales were up at Rs 1,220.5 crore versus Rs 960.3 crore

BSE Sensex expands 1.76% as market in upbeat mode again

The BSE 30-share Sensex rose 278.56 points or 1.76% to 16,666.40. The index fell 56.74 points at the day's low of 16,331.10 in early trade. The Sensex rose 306.71 points at the day's high of 16,694.55 in late trade.

The S&P CNX Nifty jumped 85.70 points or 1.74% to 5,003.10.

The BSE Mid-Cap index rose 0.93% and the BSE Small-Cap index rose 0.77%. Both the indices underperformed the Sensex.

All the sectoral indices on BSE rose. Banking sector index Bankex (up 2.55%), BSE Auto index (up 2.1%) and Oil & Gas index (up 2.09%), outperformed the Sensex. BSE Realty index rose 1.7% and matched Sensex's gains. BSE Consumer Durables index (up 0.63%), IT index (up 0.75%), Healthcare index (up 0.85%), Metal index (up 1.41%), Power index (up 1.43%), PSU index (up 1.51%) FMCG index (up 1.55%) and Capital Goods index (up 1.63%) and underperformed the Sensex.

The total turnover on BSE amounted to Rs 3809 crore, higher than Rs 3234.39 crore on Wednesday, 26 May 2010.
Market Breadth:
Positive 1669 Negative 1128 Unchanged 89
From the 30 share Sensex pack, 26 rose and rest fell.

Offer for Gulfsands Petroleum by Oil India, IOC not true

The government-controlled Oil India as well as Indian Oil Corp, a refining company, refuted stories that they continued on aiming to make a tender for Gulfsands Petroleum, a Syrian-focused oil exploring firm, as opposed to the previous statement of N. M. Borah, the Chairman of Oil India.

Rs 375 crore through QIP issue to be accrued by Dewan Housing

In a statement released by Kapil Wadhanan, the Chairman and Managing Director of Dewan Housing, the firm has been aiming to accumulate utmost Rs 375 crore by means of QIP or qualified institutional placement issue wherein the QIP floor price stands at Rs 222.30 every share.

Crew Boys Q4 net profit, net sales advance

According to the Chief Financial Officer of Crew Boys, Sanjeev Sehgal, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its net profit surged 170% to Rs 8.07 crore as compared to Rs 2.98 crore while its net sales escalated 26% from Rs 119.6 crore to Rs 152.2 crore.

Cinemax attains soaring Q4 consolidated net sales, net profit in FY10

According to the Group CFO of Cinemax India, Jitendra Mehta, the conglomerate already announced its quarter four outputs in the financial year 2009-2010 wherein its consolidated net profit increased to Rs 4.4 crore as compared to Rs 98 lakh while its consolidated net sales rose from Rs 33.4 crore to Rs 44.8 crore.

GNFC net sales slump in Q4 FY10

According to the Managing Director of Gujarat Narmada Valley Fertilizers Company or GNFC, Guruprasad Mohapatra, the firm already declared its quarter four outputs in the financial year 2009-2010 wherein its net sales slumped from Rs 528.6 crore to Rs 506.6 crore year-on-year while its net profit was recorded at Rs 19.5 crore year-on-year.

BPCL standalone net profit in Q4 FY10 plunges

In a statement released by SK Joshi, the Director of Finance of the government-controlled BPCL or Bharat Petroleum Corporation, the firm already declared its quarter four outputs in the financial year 2009-2010 wherein its standalone net profit plunged to Rs 703.18 crore versus Rs 3,628.02 crore year-on-year.

Nissan, Renault may sell electric cars minus govt support until 2014

According to the Chief Executive of Nissan-Renault, Carlos Ghosn, Nissan Motor Co necessitates government benefits to ignite primary requirement except that those benefits will only be temporary. Nissan and Renault may sell electric cars minus government benefits until 2014 while world sales approach 500,000 to 1 million automobiles annually.

Ambani brothers to seal gas supply pact by mid-June

Reliance Industries, a power leading firm managed by Mukesh Ambani, as well as Reliance Natural Resources Ltd, is likely to seal a pact on providing gas by mid of June wherein Reliance Industries will provide gas to power refineries managed by Anil Ambani until 2022 starting 2012.

Khazanah aims to acquire 51% stake in Parkway Holdings

Khazanah, a Malaysian state-run investment subsidiary, already tendered a proposal of 51% stake rise in Parkway Holdings, a healthcare conglomerate based in Singapore, in an agreement worth USD 835 million. The pact contains 31 crore shares worth 3.78 Singaporean dollar per share.

Everest Kanto cons net profit slides 69.81% in Q4 FY10

According to the Chairman and Managing Director of Everest Kanto Cylinder, Prem Khurana, the firm already announced that it absorbed a decrease of 69.81% in consolidated net profit which was recorded at a value of Rs 41.51 crore for the quarter ending in March in the financial year 2009-2010.

NABARD targets 5.5 crore farmers in FY11

In a statement released by Umesh Chandra Sarangi, the Chairman of the government-controlled National Bank of Agriculture and Rural Development or NABARD, the firm has been targeting nearly 5.5 crore farmers in the current financial year 2010-2011 coverage-wise and loan goal of Rs 375,000 crore, a 21% increase.

Heidelberg aims Rs 1,150 crore capital expenditure

According to the Managing Director of Heidelberg, Ashih Guha, the firm has spent Rs 500 crore in the past year whereas the entire goal is to have Rs 1,150 crore for capital expenditure which is comprised of business widening as well as a few development ventures.

Godrej Industries achieves Rs 203.25 crore cons net profit in Q4 FY10

In a statement released by Adi Godrej, the Chairman of Godrej Industries, he confirmed that the firm already declared its quarter four outputs in the financial year 2009-2010 wherein its consolidated net profit escalated to Rs 203.25 crore as compared to Rs 111.47 crore in the same period last year.

Q4 Net sales of Tips Industries jump 96% last FY10

According to the Chairman and Managing Director of Tips Industries, Kumar S Taurani, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein its net sales jumped 96% from Rs 9.96 crore to Rs 19.56 in the same period last year.

NAVs conclude with intensified growth as all sectors rise

While the benchmark Nifty closed emphatically at the end of the session, equity diversified NAVs concluded in intensified growth having an advance:decline ratio of 251:9. Every sector, which is led by I.T., realty, metal and auto, witnessed buying interest from the investors.

Zain’s African businesses to be acquired by Bharti soon

According to the spokesperson of Bharti Airtel, the firm seems “progressing well” in attaining permissions for its USD 9 billion acquisition of the businesses in Africa of Zain, a telecom firm based in Kuwait wherein the contract is now on the final stages of sealing it.

Bafna Pharma eyes Rs 120 million industry from Ethiopia

According to the Chairman and Managing Director of Bafna Pharmaceuticals, Bafna Mahaveer, the pharma firm established in Chennai has been eyeing a minimum of Rs 120 million industry from Ethiopia in the present calendar year as it also concentrates its expansion in Asia and Africa.

Bajaj Electricals eyes Rs 2,700 crore revenue in FY11

In a statement released by the Executive Director of Bajaj Electricals Ltd, Anant Bajaj, the firm already obtained order book of Rs 932 crore until the end of April. They also look forward to obtain revenue of Rs 2,700 crore in the financial year 2010-2011 and more orders at Rs 163 crore next month.

Rs 39.03 crore net sales in Q4 FY10 obtained by Bang Overseas

According to the Managing Director of Bang Overseas, Brijgopal Bang, the firm already declared its fourth quarter outputs in the financial year 2009-2010 wherein its net sales slightly slid to Rs 39.03 crore as compared to the previous Rs 39.24 crore.

Man Infra attains 16% sales increase in Q4 FY10

According to the Chairman of Man Infra Construction, Parag Shah, the firm already declared its fourth quarter outputs in the financial year 2009-2010 wherein its sales increased 16% to a value of Rs 176.06 crore and its PAT was recorded at Rs 21.6 crore.

Oil India, Bajaj Electricals, Aarti Industries, Tide Water Oil, Rei Agro declared results today

Gujarat Narmada Valley Fertilizers Company
Net profit was at Rs 19.5 crore
Net sales were down at Rs 506.6 crore versus Rs 528.6 crore

Oil India
Net profit was up at Rs 431 crore versus Rs 70.8 crore
Net sales were up at Rs 1,832 crore versus Rs 1,367 crore

Hindustan Petroleum Corporation
Net profit was down at Rs 757.5 crore versus Rs 5,104 crore
Net sales were up at Rs 31,321.3 crore versus Rs 25,154.2 crore

Bajaj Electricals
Net profit was down at Rs 37.5 crore versus Rs 47.5 crore
Net sales were up at Rs 784.2 crore versus Rs 657.2 crore

Aarti Industries
Net profit was up at Rs 16.9 crore versus Rs 6 crore
Net sales were at Rs 354 crore

Mukand
Net profit was at Rs 62 crore

Tide Water Oil
Net profit was up at Rs 14.4 crore versus Rs 7.7 crore
Net sales were up at Rs 146 crore versus Rs 118 crore

Majestic Auto
Net profit was up at Rs 14.8 crore versus Rs 31 lakh crore

Rei Agro
Net profit was up at Rs 32.4 crore versus Rs 13 crore
Net sales were up at Rs 1,214 crore versus Rs 853.7 crore

Bharat Heavy Electricals
Net profit was up at Rs 1,909 crore versus Rs 1,347 crore
Net sales were up at Rs 13,559 crore versus Rs 10,540 crore

City Union Bank
Net profit was up at Rs 34.8 crore versus Rs 26.12 crore

Mercator Lines
Net sales were down at Rs 1,431.3 crore versus Rs 2,133.6 crore

Power Grid Corporation of India
Net profit was up at Rs 2,040.9 crore versus Rs 1,690.6 crore
Net sales were up at Rs 7,127.5 crore versus Rs 6,675.9 crore

BSE Sensex escalates 2.28% as all sectors advance

The BSE 30-share Sensex rose 365.36 points or 2.28% to 16,387.84. The Sensex rose 387.87 points at the day's high of 16,410.35 in late trade. The index rose 47.30 points at the day's low of 16069.78 in early trade.

The S&P CNX Nifty gained 110.65 points or 2.3% to 4,917.40.

The BSE Mid-Cap index rose 1.48%. The BSE Small-Cap index rose 1.68%. Both these indices underperformed the Sensex.

All the sectoral indices on BSE rose. BSE IT index (up 3.48%), Realty index (up 3.01%), and Metal index (up 2.98%), outperformed the Sensex. BSE Auto index (up 2.02%), FMCG index up (2%), Capital Goods index (up 1.84%), banking sector index Bankex (up 1.83%), Power index (up 1.63%), Oil & Gas index (up 1.5%), Healthcare index (up 1.27%), PSU index (up 0.84%) and
Consumer Durables index (up 0.41%), underperformed the Sensex.

BSE clocked turnover of Rs 3216 crore, lower than Rs 3606.15 crore on Tuesday, 25 May 2010.
Market Breadth:
Positive 1902 Negative 907 Unchanged 79
From the 30 share Sensex pack, 24 rose and rest fell.

Emmar MGF to decrease its IPO size by nearly 20%

The Emmar MGF will probably make a decrease on the size of its initial public offer or IPO worth Rs 3,850 crore by around 20% which could occur halfway next month. The firm obtained the nod from SEBI or Securities Exchange Board of India for its IPO two months ago.

M&M acquires 55.2% stake in Reva

In a statement made by Mahindra and Mahindra or M&M, the firm already acquired nearly all stake in an electric vehicle conglomerate Reva and now to be called Mahindra Reva Electric after M&M planned to spend USD 10 million and own 55.2% in its new subsidiary.

REI Agro obtains increased net sales to Rs 1,214 crore in FY10

According to the Chairman of REI Agro, Sundip Jhunjhunwala, the firm already announced its outputs in the financial year 2009-2010 wherein its net profit soared to Rs 32.4 crore from Rs 13 crore while its net sales jumped from Rs 853.7 crore to Rs 1,214 crore.

Patel Airtemp achieves 7.3% increase in Q4 FY10 net sales

According to the Chairman and Managing Director of Patel Airtemp, NG Patel, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein it achieved net sales increase of 7.3% from Rs 19.89 crore to Rs 21.24 crore in the same period last year.

NAVs close in deep downturn as all sectors dip

While the benchmark Nifty closed the session in deep downturn, equity diversified NAVs wrapped up the day way below absorbing an advance:decline ration of 2:248. Every sector in the market witnessed selling pressure from investors while the short term debt funds gained.

Lupin Ltd obtains permission from US FDA for high blood pressure drugs

According to the website of the medicine supervisory body this Tuesday, it revealed that the pharmaceutical leading firm Lupin Ltd already obtained the nod by the US FDA for its losartan potassium as well as hydrochlorothiazide tablets wherein both drugs give medication to high blood pressure.

Hitachi achieves soaring net profit and sales in Q4 FY10

According to the Executive Director of Hitachi Home and Life Solutions, Amit Doshi, the firm already declared its Q4 outputs in the financial year 2009-2010 wherein it achieves soaring profit after tax or PAT from Rs 21.07 crore to Rs 46.1 crore year-on-year. Its sales rose to Rs 636 crore versus Rs 466 crore year-on-year.

Intrasoft Tech eyes FY11 topline guidance of Rs 52 crore

In a statement released by Arvind Kajaria, the Chairman and Managing Director of Intrasoft Tech, the firm already announced the following are its guidance for the present year which is topline of Rs 52 crore as well as PAT of nearly Rs 14 crore.

JK Tyre attains Rs 38 crore net profit in Q4 FY10

According to the statement made by Raghupati Singhania, the Vice Chairman and Managing Director of JK Tyre, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein it attains Rs 38 crore net profit as well as Rs 1,130 crore net sales.

MIrza International achieves 44% revenue rise in Q4 FY10

In a statement released by Rashid Mirza, the Managing Director of Mirza International, the firm already announced that its Q4 FY10 revenue rose 44% to nearly Rs 99 crore in the same period last year while its PAT decreased 30% to nearly Rs 5.6 crore.

Deepak Fertilisers attains margins rise to nearly 20-21%

According to the Vice Chairman and Managing Director of Deepak Fertilisers, Sailesh C Mehta, the firm attained Rs 323 crore topline for the quarter as well as Rs 72 crore bottomline while the margins escalated to nearly 20-21%. Moreover, the profit after tax or PAT increased to Rs 72 crore.

Hindustan Unilever, Provogue (India), Venkys, NHPC declared results today

Nagarjuna Construction Co.
Net profit was up at Rs 103 crore versus Rs 38.2 crore

Hindustan Unilever
Net profit was up at Rs 581.2 crore versus Rs 395 crore
Net sales were up at Rs 4,315.8 crore versus Rs 3,988.3 crore

Provogue (India)
Net profit was down at Rs 3.8 crore versus Rs 8.3 crore
Net sales were up at Rs 155 crore versus Rs 78.3 crore

Venkys
Net profit was at Rs 54.3 crore
Net sales were at Rs 705 crore

Aban Offshore
Net profit was at Rs 39.3 crore
Net sales were up at Rs 1,021 crore versus Rs 774.1 crore

NHPC
Net profit was up at Rs 2,090 crore versus Rs 1,075.22 crore
Net sales were up at Rs 4,219 crore versus Rs 2,671.8 crore

Bombay Dyeing and Manufacturing Company
Net profit was up at Rs 46.8 crore versus Rs 15.5 crore
Net sales were up at Rs 527.6 crore versus Rs 436.9 crore

GMR Infrastructure
Net profit was up at Rs 73 crore versus Rs 53.2 crore
Net sales were down at Rs 1,125 crore versus Rs 1,327.8 crore

Nagarjuna Construction achieves Rs 103 crore in Q4 FY10 net profit

In a statement released by RS Raju, the Chief Financial Officer of Nagarjuna Construction, the firm already declared its quarter four outputs in the financial year 2009-2010 wherein its net profit rose to Rs 103 crore as compared to Rs 38.2 crore year-on-year.

IL&FS Transportation consolidated net profit in FY10 soars

According to the Executive Director of IL&FS Transportation Networks, Mukund Sapre, the firm already declared its outputs in the financial year 2009-2010 wherein its consolidated net profit soared 1,209.13% to Rs 344.3 crore as compared to Rs 26.3 crore. Its consolidated net sales jumped 96.13% to Rs 2,403 crore versus Rs 1,225.3 crore.

BSE Sensex deeply plunges 2.71% as market sees downturn of all sectors

The BSE 30-share Sensex fell 447.07 points or 2.71% to 16,022.48, its lowest closing level since 10 February 2010. The index declined 509.40 points at the day's low of 15,960.15 in late trade. The Sensex fell 24.98 points at the day's high of 16,444.57 in early trade.

The S&P CNX Nifty declined 137.20 points or 2.78% to 4,806.75, its lowest closing level since 15 February 2010. It hit a low of 4,786.45 in intraday trade.

The BSE Mid-Cap index fell 3%. The BSE Small-Cap index fell 3.43%. Both these indices underperformed the Sensex.

All the sectoral indices on BSE were in the red. BSE Metal index (down 5.1%), Consumer Durables index (down 4.45%), and Capital Goods index (down 3.09%), underperformed the Sensex. BSE Healthcare index (down 0.89%), Power index (down 2.36%), PSU index (down 2.39%), Realty index (down 2.46%), Auto index (down 2.53%), FMCG index (down 2.55%), IT index (down 2.55%), Oil & Gas index (down 2.58%), and banking sector index Bankex (down 2.62%) outperformed the Sensex.

BSE clocked turnover of Rs 3591 crore, lower than Rs 4072.22 crore on Monday, 24 May 2010.

Market Breadth:
Positive 488 Negative 2330 Unchanged 60
From the 30 share Sensex pack, 29 fell and rest rose.

$100 million to be accrued in GMR Energy by GMR Infrastructure

In a statement released by Subbarao Amarthaluru, the Group Chief Financial Officer of GMR Infrastructure, he confirmed that the firm is going to declare a USD 100 million private equity investment in GMR Energy, its power subsidiary, in a span of one week.

Bajaj, KTM to introduce new bike model in FY12

According to the Chief Executive Officer of the two-wheeler subsidiary of India’s top-two motorcycle manufacturer Bajaj Auto, S Sridhar, they are aiming to introduce a new bike model with KTM of Austria in the financial year 2012. The value of the merchandise will be above Rs 100,000 or USD 2,096.

Sun Pharma absorbs 2.2% revenues slump in Q4 FY10

According to the Managing Director of the leading pharmaceutical firm Sun Pharma, Uday Baldota, the conglomerate already declared its quarter four outputs in the financial year 2009-2010 wherein its revenues slumped 2.2% from Rs 1,134.4 crore to Rs 1,109.2 crore in the same period last year.

Pyramid Saimira gets June 1 postponement from sale transaction

According to the NSE or National Stock Exchange, the shares of Pyramid Saimira Theatre Ltd is going to be deferred from sale transaction to be implemented starting first day of June this calendar year due to failure to reply to a trading notice because of nonconformity with requirements of listing pact.

35% revenue rise gained by SpiceJet in Q4 FY10

According to the Chief Executive Officer of SpiceJet, Sanjay Agarwal, the private passenger air transport firm already announced its quarter four outputs in the financial year 2009-2010 wherein its net profit increased after registering a PAT of Rs 27.4 crore while its revenue soared 35% to Rs 587 crore from Rs 435 crore.

Hotel Leelaventure aims to sell Rs 375 crore share to decrease debt

In a statement released by Vivek Nair, the Vice Chairman of Hotel Leelaventure Ltd, the firm has been aiming to decrease debt through introduction of Rs 375 crore selling of share to organizations three months from now. The top level management permitted accruing utmost Rs 750 crore through QIP.

Slicing of steel costs most probably by June: JSW Steel

According to the Joint Managing Director and Group Chief Financial Officer of JSW Steel Ltd, MVS Seshagiri Rao, the firm will likely slice costs of flat steel merchandise next month because of declining steel costs globally due to financial crisis being experienced by various nations.

Rs 8,500 crore fund accrued through loan by Bharti Airtel

In a statement released by Bharti Airtel, a leading telecom firm, it has already accrued Rs 8,500 crore or USD 1.8 billion by means of a six-year collective loan facility to compensate for its 3G band. Moreover, the fund has been accumulated at 8.5%.

SAIL likely to shave off flat steel costs

According to a senior official of Steel Authority of India Ltd or SAIL, the nation’s biggest local steel manufacturing firm, it has been targeting shaving off costs of flat steel merchandise utilized by electronics as well as vehicle producers by Rs 1,500-2,000 or USD 31.6-42.1 every tonne.

NAVs concluded at upsurge level

While the benchmark Nifty wrapped up the session in an even way, equity diversified NAVs concluded at upsurge level having an advance:decline ratio of 161:76. Moreover, the sectors in financial, metal, realty, auto as well as pharma witnessed selling pressure during the trading period.

Concentrating on product development aimed by RIL

According to the Chairman of Reliance Industries or RIL, Mukesh Ambani, the firm has been aiming to concentrate on merchandise development as well as widening up of operations. Moreover, the Krishna-Godavari D6 or KGD6 basin as well as fresh Jamnagar ventures guided the firm to 30% enhancement in gas-based power capacity.

Sterling Commerce to be acquired by IBM from AT&T

In a statement made by IBM or International Business Machines Corp, the company confirmed that it already sealed a deal to acquire Sterling Commerce, an industry software incorporation services firm, from AT&T Inc to the amount of more or less than USD 1.4 billion.

Lakshmi Machine Works targets 30% utmost sales rise in FY11

According to the Chief Financial Officer of the textile machinery manufacturing firm Lakshmi Machine Works, R. Rajendran, the conglomerate has been targeting its sales to increase 30% utmost in the financial year 2010-2011 as compared to a slump of above 15% in the last financial year.

Tata Chemicals eyes Rs 400 crore fund for fertilizer biz rise

According to the Chief Financial Officer of Tata Chemicals Ltd, PK Ghose, the okfirm has been aiming to accumulate utmost Rs 400 crore in the financial year 2010-2011 for the purpose of partially financing the broadening of its production scheme while it predicts vigorous increase in fertilizer industry.

KRBL attains Q4 net profit of Rs 18 in FY10

According to the Chairman and Managing Director of Basmati rice overseas selling firm KRBL, Anil Mittal, the conglomerate already declared its fourth quarter outputs in the financial year 2009-2010 wherein it attained Rs 18 net profit as compared to loss of Rs 4 crore.

Kalyani Steel achieves soaring Rs 43.3 crore net profit in Q4 FY10

In a statement released by Kalyani Steel, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein it achieved soaring net profit of Rs 43.3 crore as compared to the previous Rs 3.3 crore in the same period last year.

Mahducon Projects attains Rs 830 crore order from NHAI

According to the Director of Finance of Mahducon Projects, Vaikuntanathan, the firm already obtained fresh order with a value of Rs 830 crore from National Highway Authority of India or NHAI to construct four lanes in Chappra-Hajipur road in a span of two and a half years.

HMVL IPO gets 4/5 CRISIL IPO grade by CRISIL

In the publication made by CRISIL Equities last May 17, 2010, it revealed that the firm has given a 4/5 CRISIL IPO grade to the recommended IPO or initial public offer of HMVL or Hindustan Media Ventures Limited. HMVL is being eyed to increase its trading quicker than the entire newspaper business.

Tata Chemicals, Kalyani Steels, Madras Cements, KRBL declared results today

Tata Chemicals
Net sales were down at Rs 9,448.49 crore versus Rs 12,153.31 crore

Kalyani Steels
Net profit was up at Rs 43.3 crore versus Rs 3.3 crore

Madras Cements
Net profit was at Rs 354 crore

Opto Circuits India
Net sales were at Rs 334.5 crore

Sun Pharmaceutical Industries
Net profit was at Rs 395 crore

KRBL
Net profit was at Rs 18 crore

Central Bank of India
Net profit was up at Rs 1,160 crore versus Rs 636 crore

BSE Sensex slightly upsurges 0.15% as market sees compounded sectors

The BSE 30-share Sensex rose 23.94 points or 0.15% to 16,469.55. The Sensex gained 312.12 points at the day's high of 16,757.73 in afternoon trade. The index fell 32.58 points at the day's low of 16.413.03 in late trade.

The S&P CNX Nifty rose 12.80 points or 0.26% to 4,943.95. It came off an intraday high of 5,029.55.

The BSE Mid-Cap index rose 0.02% and underperformed the Sensex. The BSE Small-Cap index rose 0.61% and outperformed the Sensex.

Sectoral indices on BSE were mixed. BSE Oil & Gas index (up 1.61%), Power index (up 1.16%), Capital Goods index (up 1.1%), IT index (up 0.34%), and Consumer Durables index (up 0.23%), outperformed the Sensex. BSE Realty index (down 1.92%), Metal index (down 0.93%), Auto index (down 0.83%), banking sector index Bankex (down 0.55%), FMCG index (down 0.32%), PSU index (down 0.32%), and Healthcare index (down 0.15%), underperformed the Sensex.

BSE clocked turnover of Rs 4060 crore, lower than Rs 4347.89 crore on Friday, 21 May 2010.

Market Breadth:
Positive 1691 Negative 1155 Unchanged 83
From the 30 share Sensex pack, 18 fell and rest rose.

BSNL requests public offers for GSM line equipment

According to the government-owned telecom operator BSNL or Bharat Sanchar Nigam Ltd, the firm already requested public offers for GSM line equipment worth Rs 550 crore from Alcatel-Lucent, Ericsson and Nokia Siemens and barred Chinese retailers wherein the tender has a value of Rs 2,000 crore.

10% economic increase yearly predicted by the Prime Minister

According to the statement made by the Prime Minister Manmohan Singh, he revealed that the government is looking forward to attaining an average period goal of 10% economic increase yearly after inflation of India exhibits indications of calming.

International exploration unit eyed by GSPC until 2013

The government-controlled Gujarat State Petroleum Corp or GSPC has been aiming to create an international exploration unit until 2013 wherein its function is to oversee the group’s exploration undertakings abroad. At present, GSPC is comprised of 11 blocks in four nations.

TCI to part ways with realty venture within 6 months

According to the Executive Director of Transport Corporation of India Ltd or TCI, Vineet Agarwal, the firm declared that its top level management gave its nod to the parting of ways of its realty as well as warehousing venture into a fresh conglomerate called TCI Developers Limited or TDL which commenced in April 1.

A Mahendran assigned as new Managing Director of Godrej Consumer

Godrej Consumer Products Ltd already announced this Monday that the conglomerate assigned A Mahendran as its new Managing Director effective on the first day of July of the current calendar year as the successor of Dalip Sehgal who continued his career in another company.

Gammon Infra attains soaring sales and PAT in Q4 FY10

In a statement released by the Managing Director of Gammon Infrastructure Projects, Pervez Umrigar, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its sales soared 42% from Rs 54.27 crore to Rs 77.1 crore year-on-year while its PAT increased from Rs 7.3 crore to Rs 8.3 crore year-on-year.

Telecom Minister expects WiMax auction to accrue Rs 15,000 crore

According to A Raja, the Telecom Minister, in the last summit of the International Telecommunication Union or ITU, he is anticipating the WiMax public sale to accumulate for the government around Rs 15,000 crore. It is an auction of wireless broadband or BWA spectrum for microwave access or WiMax.

NFO concluding schedule prolonged by Birla Sun Life MF

The new fund offer or NFO concluding schedule of Birla Sun Life Capital Protection Oriented Fund Series-2 has been prolonged to May 31, 2010 starting May 21, 2010. It is a close-ended principal security oriented plan that can assign 80-100% of assets in debt securities.

Government permits export of cotton via accreditation

According to the statement released by BA Patel, the Joint Textile Commissioner, the government has already given permission on export of cotton via accreditation by means of urgent implementation of this in just one month following it stopped listing of export.

Boeing shows optimism on booming industry

According to the Chief Executive Officer of Boeing Co, Jim McNerney, the firm is optimistic that the airline industry is flourishing but not yet that strong. The firm, the number-two leading commercial aircraft manufacturer after EADS arm Airbus, stated that its 787 Dreamliner aircraft and other aircraft programs can aid in business rise.

GE charged by Mitsubishi of violation of antitrust law

Mitsubishi Heavy Industries Ltd elevated a conflict with GE or General Electric Co over wind turbine technology, filing an antitrust court case as well as a claimed violation of exclusive rights in the US District Court in the Western District of Arkansas last Thursday.

Century Textiles postpones business at tyre yarn arm

According to the Diversified Century Textiles & Industries, it is partly postponing manufacturing of tyre yarn in levels via its Century Rayon plant in Kalyan starting May 21. The conglomerate is also stopping manufacturing viscose filament yarn. Manufacturing of viscose yarn may decline around 25% of entire installed production.

ICICI Bank ratings not influenced with BoR merger

According to Fitch Ratings, the ratings of ICICI Bank Limited, the biggest private bank in India, may not be influenced by the firm’s projected shared business enterprise with the frail Bank of Rajasthan or BoR. Moreover, it declared a share-swap joint venture with BoR last May 18, 2010.

3G compensation from govt never required by BSNL, MTNL

According to the Chairman of government-controlled telecoms company BSNL or Bharat Sanchar Nigam Ltd, Kuldeep Goyal, together with the chairman of Mahanagar Telephone Nigam, they have never required any compromise for 3G or third generation spectrum compensation from the government.

Dell Inc revenue soars 21%, surpasses estimates

The quarterly profit of Dell Inc has surpassed the predictions in the quarter one until April 30 this financial year with USD 441 million as against the previous USD 290 million. Furthermore, the firm’s revenue soared 21% to USD 14.87 billion which is a touch higher than the predicted USD 14.27 billion.

Rs 1,400-1,500 crore being targeted in FY11 by Diamond Power Infra

According to the Managing Director of the Diamond Power Infrastructure, Amit Bhatnagar, the firm currently has Rs 1,090 crore outstanding order book wherein the current order book is Rs 992 crore with an extra Rs 96 crore. Moreover, it is targeting revenues of around Rs 1,400 crore to Rs 1,500 crore in FY11.

ITC, Take Solutions declared results today

ITC
Net profit was up at Rs 1,028 crore versus Rs 808.9 crore
Net sales were up at Rs 5,054 crore versus Rs 3,927.4 crore

Take Solutions
Net profit was down at Rs 32 crore versus Rs 53 crore

BSE Sensex plunges 0.45% as majority of sectors slip

The BSE 30-share Sensex fell 74.07 points or 0.45% to 16,445.61. The Sensex declined 32.94 points at the day's high of 16,486.74 in late trade. The index fell 332.65 points at the day's low of 16,187.03 in early trade, its lowest level since 25 February 2010.

The S&P CNX Nifty declined 16.45 points or 0.33% to 4,931.15. It hit a low of 4,842.30 in early trade, its lowest since 25 February 2010.

The BSE Mid-Cap index fell 1.3% and the BSE Small-Cap index fell 1.47%. Both the indices underperformed the Sensex.

Most sectoral indices on BSE fell. Auto index (up 0.58%), FMCG index (up 0.53%), Oil & Gas index (down 0.42%), Metal index (down 0.43%), and outperformed the Sensex.
BSE Power index (down 1.73%), Realty index (down 1.65%), Capital Goods index (down 1.5%), Healthcare index (down 1.18%), BSE PSU index (down 1.04%), Consumer Durables index (down 0.94%), IT index (down 0.7%), banking sector index Bankex (down 0.55%), and underperformed the Sensex.

BSE clocked turnover of Rs 4178 crore, higher than Rs 4038.25 crore on Thursday, 20 May 2010.

Market Breadth:
Positive 773 Negative 2045 Unchanged 68
From the 30 share Sensex pack, 19 fell and rest rose.

Gulf Oil to build up 39 acre ground in Bangalore until 2015

According to the Managing Director of Gulf Oil, Subhash Pramanik, the firm has been aiming to build up a 39 acre ground in Bangalore in a span of three to five years until 2015 in the company of Hinduja Realty Ventures, its merger partner.

Reliance MediaWorks, two group firms increase stake in Fame

Reliance MediaWorks Ltd, an Anil Ambani group conglomerate, in the company of Reliance Capital as well as Reliance Capital Partners, already increased their stake to 14.51% in Fame India Ltd. Furthermore, the firm already purchased an extra 2.37% equity in Fame via open trading from Feb 22 to May 20.

JB Chemicals declares revenues and net profit increase in Q4 FY10

According to the senior official of JB Chemicals, JB Mody, the firm already declared its fourth quarter outputs in the financial year 2009-2010 wherein its revenues soared 6.47% to Rs 170.08 crore and its net profit increased 118% to Rs 26.97 crore.

Shree Cement attains unexpected Rs 71.37 crore net loss

Shree Cement Ltd already announced an unexpected Rs 71.37 crore net loss for the first three months of the current calendar year because of its depreciation policy. Moreover, the firm obtained Rs 240 crore net profit year-on-year which is higher than the predicted Rs 185 crore.

Piramal Healthcare purchased by Abbott India

In a statement released by Miles D White, the Chairman and Chief Executive Officer of Abbott India, he confirmed that the firm already purchased Piramal’s Healthcare Solutions unit, Domestic Formulations, for an advance compensation of USD 2.12 billion plus an extra USD 400 million yearly until 2014.

KBL sold to Hinduja by KBC

According to the Chief Executive Officer of the banking and insurance group based in Belgium KBC, Jan Vanhevel, the firm already traded KBL, its private banking unit, to Hinduja, a family-managed investment conglomerate in India, for a value of 1.35 billion euros or USD 1.68 billion.

Lipitor generic introduced in Canada by Ranbaxy Lab

In a statement released by Ranbaxy Laboratories, the biggest medicine manufacturing firm by sales in India, it has already introduced in Canada the Lipitor generic. Furthermore, the bulk-controlled unit of Daiichi Sankyo of Japan stated that Lipitor accounts for 1.2 billion Canadian dollars in the nation’s market.

Jaypree Infra obtains Rs 98 listing; accrues $502 million

According to the Chairman of Jaiprakash Associates’ unit Jaypee Infratech, Manoj Gaur, the firm got a ipo listing of Rs 98 as compared to its set Rs 102 every share issue price near the beginning of trading. Furthermore, the firm accrued around USD 502 million from the issue.

IFFCO eyes 25% upsurge in fertilizer sales volumes

According to the Joint Managing Director of the IFFCO, the biggest fertilizer manufacturing firm in India, Rakesh Kapur, the firm has been planning to attain utmost 25% upsurge or an approximate 15 million tonnes increase for its fertilizer sales volumes until 2015.

Poddar Pigments declares 32% increase in FY10 revenue

In a statement released by the Director and Chief Executive Officer of Poddar Pigments, RK Sureka, the firm already declared a 32% increase in revenue from Rs 34.42 crore to Rs 45.49 crore as well as net profit increase to Rs 7.92 crore from Rs 1.21 crore in the financial year 2009-2010.

Allied Digital attains Q4 FY10 revenue of Rs 700 crore

According to the Chairman and Managing Director of Allied Digital, Nitin Shah, the firm already announced that its revenue with an amount of Rs 700 crore in the financial year 2009-2010. Furthermore, the firm has only just purchased EnPointe Global Services or EPGS for US market expansion.

Jet Air net profit in Q4 FY10 increases 10.5%

In a statement released by Jet Airways (India) Ltd, the leading private delivery service provider in India, the firm revealed that it attains 10.5% increase in net profit to Rs 58.58 crore in the fourth quarter of the financial year of 2009-2010.

Jindal Steel to purchase Shadeed Iron for USD 464 million

According to the Director of Jindal Steel & Power, Sushil K. Maroo, the firm’s subsidiary has been eyeing to purchase Shadeed Iron & Steel Co LLC, a firm based in Oman, to an amount of USD 464 million so as to widen up its operations in the Middle East.

Food price index soars to 16.49% YoY

In a statistics shown by the government this Thursday, the record revealed that the food price index climbed to 16.49% until May 8 of this year from last year which is slightly above the previous week’s yearly record of 16.44%. Furthermore, the fuel price index remains stable at 12.33%.

United Bank of India expects 23% credit increase in 2011

According to the Executive Director of United Bank of India, SL Bansal, the firm has been looking ahead to nearly 23% credit increase in year 2011. In the previous year, the firm’s credit rose by 20%. Moreover, an RoE or return on equity of approximately 17-18% is targeted in FY11.

ENIL attains Rs 120.28 crore revenue in Q4 FY10

According to the Chief Executive Officer of ENIL or Entertainment Network India Ltd, the firm already announced its quarter four consolidated outputs in the financial year 2009-2010 wherein its revenue climbed to Rs 120.28 crore as compared to Rs 99.76 crore and its PAT was recorded at Rs 15.42 crore.

Pronab Sen anticipates 6-7% agri inflation

According to the Chief Statistician of India, Pronab Sen, he is anticipating an agri inflation to slide below from 6% to 7%. In addition to this, he looks forward to Eurozone predicament to maintain unpredictability in the currency markets. The roll-over prize from 3G auction can be an aid to relieve the financial crisis.

SEBI approval for IPO obtained by Kabirdass Motor

Kabirdass Motor Company Ltd, a battery-run electric automobiles producing firm established in Chennai, already obtained the nod by SEBI for its impending initial public offering or IPO which is anticipated to be launched in the market within two months. Rs 67 crores fund is aimed to be accrued from this issue.

Elecon Engineering obtains Rs 51.9 crore from BGR Energy

Lately, Elecon Engineering obtained an Rs 51.9 crore order from BGR Energy. In addition to this, the firm has already attained five orders in the past from various conglomerates such as SAIL and GMR Infra to the amount of Rs 208.5 crore.

Shree Cement achieves Rs 235 net profit in Q4 FY10

In a statement release d by the Managing Director of Shree Cement, HM Bangur, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein it achieved Rs 235 net profit as well as Rs 9.44 crore net sales as against the previous Rs 806.2 crore.

Grasim aims broadening of cement production

According to the Chief Financial Officer of Grasim, Adesh Gupta, the firm has been aiming to broaden cement production by 10 million tonnes at its present refineries while showing optimism that this three-year undertaking worth Rs 5,500 - 6,000 crore will commence in quarter four of the financial year 2010-2011.

Shree Cements, Karur Vysya Bank, HSIL, Jet Airways declared results today

Shree Cements
Net profit was at Rs 235.6 crore
Net sales were up at Rs 944 crore versus Rs 806.2 crore

Karur Vysya Bank
Net profit was up at Rs 98.9 crore versus Rs 83.2 crore

HSIL
Net profit was at Rs 30.9 crore
Net sales were at Rs 258 crore

Jet Airways
Net profit was up at Rs 58.6 crore versus Rs 53 crore
Net sales were up at Rs 2,604.9 crore versus Rs 2,263.4 crore

Dubai World under $23.5 billion arrears pact with core loaning firms

The government-run corporation, Dubai World, already sealed a contract in rule to streamline USD 23.5 billion in arrears with the core loaning firms which embrace 60% of the publicity. The contract without the latest monetary aid from the government, should also seek the nod by banks aside from the core negotiating board.

KEC International to carry out Rs 5,500 crore order book in 1 ½ years

In a statement released by the Chief Financial Officer of KEC International, Vardhan Dharkar, he confirmed that the firm already made a plan of carrying out the order book with an amount of Rs 5,500 crore which is to transpire in the coming one and a half year span.

BSE Sensex soars 0.68% as nearly all sectors advance

The BSE 30-share Sensex rose 111.19 points or 0.68% to 16,519.68. The Sensex rose 209.31 points at the day's high of 16,617.80 in afternoon trade. The index rose 10.61 points at the day's low of 16,419.10 in early trade.

The S&P CNX Nifty rose 27.95 points or 0.57% to 4,947.60. Nifty hit a high of 4,980.25.

The BSE Mid-Cap index fell 0.05%. The BSE Small-Cap index fell 0.55%. Both the indices underperformed the Sensex.

Most sectoral indices on BSE rose. BSE PSU index (up 1.87%), Oil & Gas index (up 1.79%), Healthcare index (up 1.14%), banking sector index Bankex (up 0.93%), and FMCG index (up 0.84%), outperformed the Sensex. BSE Power index (up 0.23%), Capital Goods index (up 0.19%), Metal index (up 0.08%), IT index (up 0.05%), Consumer Durables index (down 0.17%), Auto index (down 0.53%), and Realty index (down 2.04%), underperformed the Sensex.

BSE clocked turnover of Rs 3840 crore, lower than Rs 4694.74 on Wednesday, 19 May 2010.

Market Breadth:
Positive 1146 Negative 1683 Unchanged 100
From the 30 share Sensex pack, 18 rose and rest fell.

Beiqi Foton targets vehicle refinery in India next year

Beiqi Foton Motor Co, a leading automobile manufacturing firm in China, has been aiming to grab the number two leading vehicle producer to construct a refinery in India. The conglomerate made a projection of 100,000 automobiles yearly in a span of four years of commencing car manufacturing most probably next year.

SJVN completes listing at Rs 27.10 per share

According to SJVN or Satluj Jal Vidyut Nigam this Thursday, the firm completed its ipo listing at an amount of Rs 27.10 every share as compared to its Rs 26 every share issue price. In addition to that, 411,650,000 equity shares composed the net offer to the public.

City Union Bank not planning for JVs with other banks

According to the Executive Director of City Union Bank, N Kamakodi, they don’t have plans yet on embarking into joint venture deals with banking firms. They already have one century of banking experience in selling, productivity as well as payment which can be regarded as an unprecedented feat globally.

Firstobject Technologies to purchase 50 more schools soon

In a statement released by the Promoter of Firstobject Technologies, WLN Shastri, at present, it already owns around 180 schools and in next to no time will be augmenting 50 other schools when the deal is consummated. The contract will have a value of Rs 25 crore.

Rs 75,000 crore IPO of Technofab obtains SEBI approval

Technofab Engineering Ltd, an engineering and construction conglomerate, already obtained SEBI’s nod to accumulate utmost Rs 75,000 crore by means of IPO or initial public offering. Moreover, the firm has been aiming to put on sale around 3 million shares for its operations expansion.

Pyramid Healthcare (US) purchased by Avantha Group

In a statement released by Avantha Group, the conglomerate confirmed that it already purchased the American firm Pyramid Healthcare Solutions or PHS wherein it bought 100% stake in it with an amount of around USD 20 million. The advance payment of USD 14.5 million was settled up while the remaining by 2013.

3G cellular spectrum auction concludes after 34 days

The bid for countrywide cover in 3G or third-generation spectrum public sale of India has come to a conclusion this Wednesday on its 34th day. The expected amount accumulated for the government from the recently concluded 3G cellular spectrum auction was more or less Rs 1,10,000 crore in revenue.

Sequoia Capital under negotiations for 20% stake deal with Star Health

Sequoia Capital, an American business enterprise investment major, has been under negotiations for a 20% stake acquisition deal with Star Health Allied Insurance Co with a value of around USD 54.36 million or Rs 250 crore. The contract will probably be consummated within two weeks.

Jay Shree Tea purchased three private grounds for expansion

In a statement released by the Managing Director of Jay Shree Tea, DP Maheshwari, the firm already purchased three private grounds wherein two are located in Rwanda and the other one in Uganda. The latest acquisitions will augment 5.3 million kg to its current production thus, having a total of 26 million in FY11.

Thermax seals technology shift deal with Lambion

According to the Managing Director of Thermax, MS Unnikrishnan, the firm already sealed a deal on technology shift with Lambion Energy Solutions. This accreditation deal gives rights to Thermax to perform business in India, SAARC countries, Middle East, South East Asia as well as Africa.

Visa Steel, Camson Bio Technologies, Rural Electrification Corporation declared results today

Visa Steel
Net profit was at Rs 16.5 crore
Net sales were up at Rs 399 crore versus Rs 266 crore

Camson Bio Technologies
Net profit was up at Rs 23.5 crore versus Rs 2.5 crore

Rural Electrification Corporation
Net profit was up at Rs 561 crore versus Rs 388 crore
Net sales were up at Rs 1,796 crore versus Rs 1,337 crore

BSE Sensex plummets 2.77% as metal, realty lead market dip

The BSE 30-share Sensex fell 467.27 points or 2.77% to 16,408.49, its lowest closing since 25 February 2010. The Sensex fell 73.37 points at the day's high of 16802.39 in early trade. The index fell 502.44 points at the day's low of 16,373.32 in late trade.

The S&P CNX Nifty declined 146.55 points or 2.89% to 4,919.65 its lowest closing since 25 February 2010. The index hit a low of 4,908.15.

The BSE Mid-Cap index fell 2.55%. The BSE Small-Cap index fell 2.54%. Both the indices outperformed the Sensex.

All the sectoral indices on BSE declined. BSE Metal index (down 4.19%), Realty index (down 3.95%), banking sector index Bankex (down 3.85%), Auto index (down 3.44%), and FMCG index (down 2.79%), underperformed the Sensex. BSE IT index (down 1.53%), Capital Goods index (down 1.83%), PSU index (down 1.84%), Power index (down 1.94%), Consumer Durables index (down 1.98%), Healthcare index (down 2.01%), and Oil & Gas index (down 2.09%), outperformed the Sensex.

BSE clocked turnover of Rs 4532 crore, higher than Rs 4421.91 crore on Tuesday, 18 May 2010.

Market Breadth:
Positive 650 Negative 2203 Unchanged 70
From the 30 share Sensex pack, 27 fell and rest rose.

Rs 1,800 - 2,000 crore revenue in FY11 expected by Visa Steel

According to the Managing Director Visa Steel, Vishal Agarwal, the firm has been anticipating to obtain revenue of Rs 1,800 - 2,000 crore in the financial year 2010-2011 as well as make an investment of 4 billion rupees for capex. The firm’s Q4 FY10 net profit was Rs 16.51 crore.

PK Tayal not putting on sale his stake in ICICI Bank

The principal promoter of Bank of Rajasthan or BoR, Pravin Kumar Tayal, refuted that he did not endeavor to sell his stake in ICICI Bank to some banks. Moreover, the joint venture of BoR and ICICI Bank appear to be greatly low-priced than the HDFC Bank and Centurion Bank of Punjab merger.

Man Industries achieves 56% PAT in Q4 FY10

According to the Group Chairman of Man Industries, RC Mansukhani, the firm already declared its fourth quarter outputs in the financial year 2009-2010 wherein its net profit increased from Rs 19 crore to Rs 30 crore year-on-year. Furthermore, its PAT or profit after tax went up nearly 56%.

Rural Electrification Corp attains 44.58% rise in Q4 FY10 net profit

According to the Director for Finance of Rural Electrification Corporation, HD Khunteta, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein its net profit soared 44.58% from Rs 388 crore to Rs 561 crore year-on-year. Its net sales climbed 34.33% from Rs 1,337 crore to Rs 1,796 crore.

Promoters of Hero Honda streamline investment

Hero Honda’s promoters have been streamlining their investment in the company while Suman Kant Munjal goes to manage 26% stake by means of the two stockholding firms. Both S Munjal and VK Munjal already turned over its control of HIPL or Highway Industries to SK Munjal.

NAVs wrapped up soaring while pharma, FMCG gain

While the benchmark Nifty concluded the session at even having slight increases, equity diversified NAVs wrapped up the day soaring having an advance:decline ratio of 196:51. Moreover, funds in the Technology, Pharma, FMCG and MNC sectors witnessed buying interest from investors.

Mandhana Industries obtains Rs 131 per share listing

Mandhana Industries already obtained ipo listing with an amount of Rs 131 every share versus its Rs 130 issue price wherein Rs 107.9 crore fund was accumulated through this issue. As a result, the accrued fund is aimed to be utilized for its latest clothing producing refinery for Rs 69.09 crore.

Kalyani Investments to be listed in 3 weeks: Kalyani Steels

According to the Chief Financial Officer of Kalyani Steels, CJ Patankar, the firm already declared that it submitted documents to list the Kalyani Investments wherein a three-week period is predicted for it to be listed. The firm is currently producing steel at around 250,000 tonnes every year.

Mandhana Industries scheduled for listing this 19th of May

Mandhana Industries, an incorporated fabric as well as clothing producing firm, is scheduled to be listed in the principal trading of India this May 19 of the current calendar year wherein its IPO issue price was set to the amount of Rs 130 every share.

Technofab Engineering IPO obtains approval by SEBI

Technofab Engineering Limited already attained the SEBI approval for its 29,90,000 equity shares initial public offering or IPO having face value of Rs 10 apiece. The firm has been involved in the operations of giving EPC or Engineering Procurement and Construction services.

Mahindra Holidays to introduce 4 latest merchandise this FY11

In a statement released by PS Doraiswamy, the Chief Financial Officer of the vacation dwelling provider Mahindra Holidays & Resorts, the firm has been aiming to introduce four latest merchandise in the financial year 2010-2011 to intensify its product offering while the company augments 600 more units to its current record.

BoR joint venture with ICICI Bank to be assessed in May 23

According to G Padmanabhan, the Managing Director and Chief Executive Officer of Bank of Rajasthan or BoR, the top level management already furnished an on paper approval for the firm’s joint venture with ICICI Bank which will be assessed by Sunday, May 23, 2010.

361% bid-increase compared to Rs 35,000 crore base obtained in 3G auction

According to the Department of Telecommunications, 180 rounds of bid for countrywide cover in 3G or third-generation spectrum public sale of India were accomplished until Tuesday. The said auction got 361% bid-increase from Rs 35,000 crore base on its 33rd day.

Ratnamani Metals to preserve 20% overall margins

In a statement released by Prakash M Sanghvi, the Chairman and Managing Director of Ratnamani Metals, the firm already declared that its revenue in the financial year 2010-2011 will be around 15% to 20% while having an order book of Rs 400 crores and 20% overall margins to be preserved.

Titagarh Wagons PAT in Q4 FY10 increases 150%

According to the Chairman of Titagarh Wagons, JP Chowdhary, the firm already announced its quarter four outputs in the financial year 2009-2010 wherein its revenue soared 38.2% from Rs 133.4 crore to Rs 184.4 crore while its PAT skyrocketed 150% to Rs 25.9 crore as against Rs 10.4.

India to evaluate fuel pricing next month

The fuel pricing scheme is planned to be evaluated in June 2010 by the government specifically the panel of ministers led by Pranab Mukherjee, the Finance Minister. The government will probably permit the firm, Oil & Natural Gas Corporation, to accumulate slowly but surely the price of natural gas.

Hindustan Tin Works Q4 sales increase 26% in FY10

In a statement released by Sanjay Bhatia, the Managing Director of Hindustan Tin Works, the firm already made an announcement of its fourth quarter results in the financial year 2009-2010 wherein the company sales increased 26% while its exports soared to nearly 50%.

Parekh Aluminex revenues in Q4 FY10 skyrocket 89.56%

According to the Chairman and Managing Director of Parekh Aluminex, Amitabh Parekh, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein its revenues skyrocketed 89.56% to Rs 208.29 crore while its net sales rose 32.67% to Rs 14.7 crore.

Motherson Sumi attains soaring Rs 1,928 crore net sales in Q4 FY10

According to the Vice Chairman of Motherson Sumi Systems Ltd, Vivek Chand Sehgal, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein its consolidated net profit climbed from Rs 76.9 crore to Rs 141.9 crore year-on-year. Its net sales increased to Rs 1,928 crore from Rs 826.6 crore.

Rajshree Sugars and Chemicals, Titagarh Wagons, Man Industries (India) declared results today

Rajshree Sugars and Chemicals
Net profit was at Rs 10 crore

Titagarh Wagons
Net profit was up at Rs 26 crore versus Rs 10 crore
Net sales were at Rs 181 crore

Chennai Petroleum Corporation
Net sales were up at Rs 5,465 crore versus Rs 4,810 crore

Man Industries (India)
Net profit was up at Rs 30 crore versus Rs 19 crore

BSE Sensex climbs 0.24% as capital goods, FMCG lead gain

The BSE 30-share Sensex rose 40.20 points or 0.24% to 16,875.76. The Sensex rose 164.78 points at the day's high of 17,000.34 in afternoon trade. The index fell 91.13 points at the day's low of 16,744.13 in early trade.

The S&P CNX Nifty rose 6.30 points or 0.12% to 5,066.20.

The BSE Mid-Cap index rose 0.42%. The BSE Small-Cap index rose 0.71%. Both the indices outperformed the Sensex.

Sectoral indices on BSE were mixed. BSE Capital Goods index (up 1.62%), Consumer Durables index (up 1.5%), FMCG index (up 0.73%), Oil & Gas index (up 0.71%), and BSE PSU index (up 0.33%), outperformed the Sensex. BSE IT index (up 0.14%), Power index (down 0.1%), Healthcare index (down 0.1%), banking sector index Bankex (down 0.21%), Auto index (down 0.44%), Realty index (down 0.55%), and Metal index (down 1.91%), underperformed the Sensex.

BSE clocked turnover of Rs 3909 crore, lower than Rs 3987.71 crore on Monday, 17 May 2010.

Market Breadth:
Positive 1637 Negative 1199 Unchanged 89
From the 30 share Sensex pack, 19 rose and rest fell.

Ashok Leyland to set aside Rs 200-250 crore in excise this FY11

According to the Chief Financial Officer of Ashok Leyland, K Sridharan, the firm stated that it can set aside Rs 200-250 crore in excise obligation in the financial year 2009-2010. Moreover, 15,000 units can be produced through the Pant Nagar refinery and a projected 35,000 units per year in the next financial year.

Tata Motors under negotiations to produce autos in Mexico

The leading automobile manufacturing firm of India, Tata Motors, has been under negotiations with a Mexican company, Metalsa SA de CV, for the purpose of producing its vehicles in the country of Mexico and to create a stir in the Mexican market.

Shree Renuka under talks again with Equipav

According to Shree Renuka Sugars, the biggest sugar producing firm in India, it has been under talks again about the approval of price of the firm’s recommended Rs 1,530 crore purchasing of the sugar and ethanol manufacturing firm based in Brazil, Equipav.

NTPC to propose USD 4.2 billion gears offer

NTPC Ltd, the leading energy generating firm in India, has been aiming to propose a USD 4.2 billion offer in order to provide significant gears produced in India. Moreover, the gears are planned to give aid to the government-controlled energy generating conglomerate to obtain soaring refinery efficiencies.

4 banks selected by the government for FPO of Engineers India

The government already announced that it has selected four investment banks to administer the selling of 10% stake in the government-controlled Engineers India Ltd. SBI Capital, HSBC Holdings Plc and ICICI Securities are the three banks which comprise the selection. Rs 1,100 - 1,200 crore is the targeted fund amount via this stake sale.

Coal India IPO to be introduced three months from now

According to the Chairman of Coal India, Partha Bhattacharya, the firm aims that its IPO or initial public offering will embark on the trading arena three months from now with an approximate amount of USD 30-50 billion as per banking experts’ declaration.

Tarapur Transformers accrues Rs 63.75 crore fund via IPO

Tarapur Transformers, an energy engineering solutions subsidiary of Bilpower, already embarked on the principal trading having an 85 lakh shares IPO or initial public offering in the period April 26 to April 28. Its IPO was listed at Rs 75 issue price wherein Rs 63.75 crore fund was accrued via this issue. IPO could not hold its listing price and slided all the way to 54.10

We suggested not to apply on Tarapur Transformers IPO

GAIL gets 31% Q4 net profit increase in FY10

In a statement released by BC Tripathi, the Chairman and Managing Director of the government-operated gas firm GAIL, the conglomerate achieved a net profit increase of 31% from Rs 630 crore to Rs 911 crore in the fourth quarter of the financial year 2009-2010.

Whirlpool attains soaring net profit in Q4 FY10

According to the senior official of Whirlpool, Shantanu Dasgupta, the firm has already declared its quarter four outputs in the financial year 2009-2010 wherein its net profit has soared to Rs 57 crore as compared to the previous Rs 17 crore.

Sujana Towers achieves Q4 FY10 net sales of Rs 234 crore

According to the Managing Director of Sujana Towers, Kamesh Yalamarty, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein it achieves net sales of Rs 234 crore and APAT or adjusted profit after tax of Rs 9.6 core.

Whirlpool of India, NTPC, GAIL India, Larsen and Toubro declared results today

Whirlpool of India
Net profit was up at Rs 57 crore versus Rs 17 crore

NTPC
Net profit was down at Rs 2,018 crore versus Rs 2,113 crore
Net sales were up at Rs 12,353.4 crore versus Rs 11,445.8 crore

GAIL India
Net profit was up at Rs 911 crore versus Rs 630 crore
Net sales were up at Rs 6,522 crore versus Rs 6,128 crore

Monsanto India
Net sales were up at Rs 28.3 crore versus s 5.9 crore

Supreme Infrastructure India
Net profit was up at Rs 22.4 crore versus Rs 25.3 crore

Larsen and Toubro
Net profit was up at Rs 1,438 crore versus Rs 998 crore
Net sales were up at Rs 13,375 crore versus Rs 10,469 crore

Oswal Chemicals and Fertilisers
Net sales were up at Rs 64 crore versus Rs 38.9 crore

SEL Manufacturing Company
Net profit was down at Rs 9.5 crore versus Rs 18.8 crore

Reliance Communications
Net profit was down at Rs 1,107.7 crore to Rs 1,220 crore

Spice Mobiles
Net profit was up at Rs 23.3 crore versus Rs 7.35 crore

Jammu and Kashmir Bank
Net profit was up at Rs 120.04 crore versus Rs 78.68 crore

BSE Sensex slumps 0.94% as most sectors at downturn

The BSE 30-share Sensex fell 159.04 points or 0.94% to 16,835.56. The Sensex fell 443.60 points at the day's low of 16,551 in early afternoon trade. The index fell 32.68 points at the day's high of 16,961.92 in early trade.

The S&P CNX Nifty declined 33.60 points or 0.66% to 5059.90, off the day's low of 4,966.25.

The BSE Mid-Cap index fell 0.21%. The BSE Small-Cap index fell 0.68%. Both the indices outperformed the Sensex.

BSE clocked turnover of Rs 3969 crore, slightly higher than Rs 3950 crore on Friday, 14 May 2010.

Eight out of 13 sectoral indices were negative. Teck index index (down 1.27%), Auto index (down 1.27%), IT index (down 1.80%), Oil & Gas index (down 1.85%), underperformed the Sensex.

The Capital Goods index (up 2.80%), BSE Healthcare index (up 0.53%), FMCG index (up 0.38%) Power index (up 0.10%), Metal index (down 0.15%), PSU index (down 0.31%), banking sector index Bankex (down 0.50%), BSE Realty index (down 0.93%), outperformed the Sensex. The Consumer Durables index was flat, outperforming the Sensex.

Market Breadth:
Positive 1056 Negative 1746 Unchanged 87
From the 30 share Sensex pack, 24 fell and rest rose.

Spice Mobile net profit in Q4 FY10 increases to Rs 23.3 crore

In a statement released by Spice Mobiles, the firm revealed that its standalone revenue increased to Rs 339 crore in the fourth quarter of the financial year 2009-2010 as compared to the previous Rs 170.62 crore YoY. Moreover, the firm’s net profit soared from Rs 7.35 crore to Rs 23.3 crore.