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Vaswani Industries Ltd

Apr 29, 2011

May 03, 2011

45.0 - 49.0

Rs 45.0 Cr.

Public issue of 1,00,00,000 equity shares of Rs. 10/- each (The "Equity Shares") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating to Rs. [*] crores (The "Issue") of Vaswani Industries Limited (The "Company" or The "Issuer"). The issue would constitute 42.57% of the post issue paid-up equity capital of the company.

Price band: Rs. 45 to Rs. 49 per equity share

The floor price is 4.50 times of the face value and cap price is 4.90 times of the face value

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BSE Sensex plummets 0.81% as market in downbeat mode again

The BSE 30-share Sensex was down 156.06 points or 0.81% to 19,135.96, its lowest closing level since 19 April 2011. The Sensex lost 276.97 points at the day's low of 19,015.05 in late trade. The index gained 64.48 points at the day's high of 19,356.50 in early trade.

The S&P; CNX Nifty was down 35.95 points or 0.62% to 5,749.50, its lowest closing level since 19 April 2011. The Nifty hit an intraday low of 5,706.05 in late trade.

The BSE Mid-Cap index fell 1.03% and the BSE Small-Cap index declined 1.57%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2973 crore, lower than Thursday's turnover of Rs 3087 crore.

Market Breadth:

Positive 944 Negative 1954 Unchanged 98
From the 30 share Sensex pack, 19 fell and rest rose.

Crompton Greaves expects overall development of 13-16 percent in Fiscal Year 2012

Crompton Greaves net profit for the fourth period (January to March) increased a meager 5 percent to Rs 285 crore from Rs 270 crore posted in the identical period a year ago.

Posco issue in Orissa administration’s court, Ramesh says

Declining the ruling BJD’s accusation of prejudice in opposition of Orissa, Union Environment Minister Jairam Ramesh at the moment told that the issue linking to Posco steel venture was in the state of administration’s court.

Advanta India fourth period merged net loss at Rs 3.4 crore

Advanta India has declared its fourth quarter outcomes. The firm’s fourth quarter merged net loss at Rs 3.4 crore against revenue of Rs 0.14 crore.

CESC fourth period revenue following tax seen up 10 percent at Rs 110 crore

CESC is ready to report fourth period Fiscal Year revenue after tax Rs 110 crore, a 10 percent increase against Rs 100 crore in identical period a year ago.

Dena Bank fourth period net profit up at Rs 157 crore

Dena Bank has declared its Fiscal Year 2011 outcomes. The firm’s Fiscal Year 2011 revenue was up at Rs 611.6 crore against Rs 511.2 core. Its net interest income (NII) was up at Rs 1,763 crore against Rs 1,100 crore.

HCC fourth period PAT seen up 2.68 times at Rs 29 crore

Hindustan Construction Company (HCC) is likely to post 2.68 times increase in fourth period Fiscal Year 2011 net profit of Rs 29 crore versus Rs 8 crore in third period as revenue is expected to drop by 32 percent on year-on-year basis.

Indiabulls Real fourth Period PAT seen down 26 percent at Rs 60.15 crore

Indiabulls Real Estate is to declare its fourth period outcomes. Fourth Period earnings are seen down 29 percent at Rs 282.55 crore against Rs 399.85 crore, quarter-on-quarter, QoQ, according to estimation report.

Oriental Bank of Commerce fourth period PAT seen up 21 percent at Rs 383 crore

Oriental Bank of Commerce is going to account 20.8 percent increase in fourth period Fiscal Year 2011 net profit of Rs 382.8 crore versus Rs 317 crore in fourth period Fiscal Year 2010.

Corporation Bank fourth period PAT seen up 23 percent at Rs 383 crore

Corporation Bank, which is operated by the government, is ready to report 23 percent increase in fourth period earnings following tax of Rs 383.4 crore versus Rs 312 crore in fourth period Fiscal Year 2010.

Phoenix Mills fourth period PAT up 62 percent at Rs 27.2 crore

Phoenix Mills has declared its fourth period outcomes. The firm’s 4th period earnings were up 36 percent at Rs 46.8 crore against Rs 34.4 crore. Its PAT was up 62 percent at Rs 27.2 crore against Rs 16.8 crore.

KSL & Industries Fiscal Year 2011 up 21 percent at Rs 1759.1 crore

KSL & Industries has declared its Fiscal Year 2011 audited outcomes. The firm’s revenue was up 21 percent at Rs 1759.1 crore against Rs 1454.7 crore.

Navneet Publications fourth period PAT down 0.8 percent at Rs 12.8 crore

Navneet Publications has announced its fourth perdio outcomes. The firm’s fourth period earnings were down six 6 percent at Rs 94 crore against Rs 100 crore.

Pratik Panels Marc h 2011 trades at Rs 1.11 crore

Partik Panels has accounted sales turnover of Rs 1.11 crore and a net profit of Rs 0.56 crore for the period that lasted on March 2011.

Sheeryash Industries March 2011 sales at Rs 0.21 crore

Shreeyash Industries has accounted a sales turnover of Rs 0.21 crore and a net profit of Rs 0.01 crore for the period that lasted on March 2011.

Rishabh Digha March 2011 trades at Rs 1.53 crore

Rishabh Digha Steel and Allied Products has accounted a sales turnover of Rs 1.53 crore and a net profit of Rs 0.34 crore for the period that lasted on March 2011.

Sangam India March 2011 trades at Rs 358.36 crore

Sangam (India) has accounted a sales turnover of Rs 358.36 crore and a net profit of Rs 21.31 crore for the period that lasted on March 2011.

Subex March 2011 sales at Rs 80.90 crore

Subex has accounted sales turnover of Rs 80.90 crore and a net profit of Rs 21.25 crore for the period that lasted on March 2011.

Gujarat Gas fourth period net profit was at Rs 72.36 crore

Gujarat Gas has declared its fourth quarter outcomes. The firm’s fourth period net profit was at Rs 72.36 crore.

Bata India 1st period net profit up at Rs 109.4 crore

Bata India has declared its first period results. The firm’s first period net profit was up at Rs 109.4 crore against Rs 14.3 crore.

JSW Energy fourth period net period down 25 percent at Rs 206 crore

JSW Energy has declared its fourth period results. The firm’s fourth period net profit was down 24.5 percent at Rs 206 crore against Rs 273 crore, year-on-year, YoY.

Info Edge Fiscal Year 2011 net profit at Rs 83.97 crore

Info Edge has declared its Fiscal Year 2011 outcomes. The firm’s net profit was at Rs 83.97 crore. Its net sales were at Rs 293 crore.

Birla Corporation fourth period net profit down at Rs 63.04 crore

Birla Corporation has declared its fourth period outcomes. The firm’s fourth period net profit was down at Rs 63.04 crore against Rs 138 crore.

Nagrjuna Fertilisers fourth period net profit up at Rs 28.5 crore

Nagarjuna Fertilisers has declared its fourth period outcomes. The firm’s fourth period net profit was up at Rs 28.5 crore against Rs 23 crore.

Crompton Greaves fourth period merged net profit down 18 percent at Rs 251 crore

Crompton Greaves has declared its fourth period outcomes. The firm’s fourth period merged net profit was down 18 percent at Rs 251 crore against Rs 306 crore.

BSE Sensex plunges 0.81% as market in downturn once more

The BSE 30-share Sensex was down 156.67 points or 0.81% to 19,292.02, its lowest closing level since 19 April 2011. The index fell 182.77 points at the day's low of 19,265.92 in late trade. The Sensex rose 93.36 points at the day's high of 19,542.05 in early trade.

The S&P; CNX Nifty was down 48.45 points or 0.83% to 5,785.45, its lowest closing level since 19 April 2011. The Nifty hit low of 5,776.95 in late trade.

The BSE Mid-Cap index fell 0.97% and underperformed the Sensex. The BSE Small-Cap index declined 0.48% and outperformed the Sensex.

The total turnover on BSE amounted to Rs 3066 crore, lower than Rs 3247.27 crore on Wednesday, 27 April 2011.

Market Breadth:

Positive 1100 Negative 1796 Unchanged 93
From the 30 share Sensex pack, 25 fell and rest rose.

BSE Sensex drops 0.49% as market on the losing end again

The BSE 30-share Sensex was down 96.66 points or 0.49% to 19,448.69. The Sensex fell 132.56 points at the day's low of 19,412.79 in mid-afternoon trade. The index gained 88.28 points at the day's high of 19,633.33 in early trade.

The S&P; CNX Nifty was down 34.50 points or 0.59% to 5,833.90.

The BSE Mid-Cap index fell 0.01%. The BSE Small-Cap index was flat. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 3228 crore, higher than Rs 3114.10 crore on Tuesday, 26 April 2011.

Market Breadth:

Positive 1317 Negative 1561 Unchanged 108
From the 30 share Sensex pack, 23 fell and rest rose.

Polaris Soft 4th period PAT seen up 4 percent at Rs 52 crore

Polaris Software Lab is to declare its fourth period outcomes. The firm’s 4th period net sales are seen up 5 percent at Rs 420 crore against Rs 399.9 crore, according to estimates.

Vishwanath Projects aims Rs 32-crore IPO

Turnkey services provider Vishwanath Projects (VPL) has submitted draft red herring prospectus (DRHP) with the SEBI for its initial public offering (IPO) of Rs 32 crore.

Evade Servalakshmi Paper IPO, Angel Broking says

The Rs 60 crore IPO of paper producer Servalaksmi Paper launched for investment. Angel Broking has suggested evading the issue, according to its research account on April 27.

Indoco remedies 4th period PAT up 49 percent at Rs 12.2 crore

Indoco Remedies has declared its fourth period outcomes. The firm’s 4th period net profit was up 49 percent at Rs 12.2 crore against Rs 8.2 crore, year-on-year, YoY.

Pratibha Industries obains Rs 101 crore water supply venture

Pratibha Industries has obtained an engineering deal costing Rs 101 crore for pumped water supply plan from Navada to Botad in Gujarat.

Bosch 1st period PAT up 30 percent at Rs 274 crore

Bosch has announced its first quarter outcomes. The firm’s 1st period was up 30 percent at Rs 274 crore against Rs 210.5 crore, year-on-year, YoY.

Castrol India 1st period PAT up 17 percent at Rs 137 crore

The second biggest player in the Indian lubricant business, Castrol India has announced its first period FY12 net profit at Rs 137 crore, increased of 17 percent against Rs 117 crore, same period a year ago.

LG Electronics posts 1 period revenue as handset loss slims

LG electronics Incorporated posted revenue following two successive quarterly losses as the globes No. 3 handset manufacturer stopped falling margins in the spirited mobile phone market.

Maral Overseas 4th period PAT down 48 percent at Rs 1.1 crore

Maral Overseas 4th period FY11 earnings were up 27 percent at Rs 131.2 crore against Rs 103.7 crore, YoY. Its PAT was down 48 percent at Rs 1.1 crore against Rs 2.1 crore, YoY.

Parrys Sugar Industries 4th quarter PAT down 22 percent at Rs 12.5 crore

Parrys Sugar Industries th period FY11 merged earnings were up 35 percent at Rs 139.8 crore against Rs 103.4 crore, YoY.

Swaraj Engines 4th period FY11 earnings was up 27 percent at Rs 96 against Rs 75.8 crore, YoY.

Its PAT was up 21 percent at Rs 11.1 crore against Rs 9.2 crore, YoY. The sum expenses were up 29 percent at Rs 82 crore against Rs 63.6 crore YoY.

Thomas Cook 1st quarter PAT 43 percent at Rs 4.5 crore

Thomas Cook 1st quarter earnings were up 11.4 percent at Rs 78 crore against Rs 70 crore. Its PAT was down 43 percent at Rs 4.5 crore against Rs 7.9 crore.

Blue Dart 1st quarter PAT up 52 percent at Rs 36.1 crore

Blue Dart 1st period revenue was up 31 percent at Rs 336.3 crore against Rs 257.5 crore. Its PAT was up 52 percent at Rs 36.1 crore against Rs 23.8 crore.

Upper Ganges Sugar 4th period earnings up at Rs 247.8 core

Upper Ganges Sugar 4th period was up at Rs 247.8 crore against Rs 110.5 crore. Its net profit was at Rs 15.3 crore against net loss of Rs 11 crore.

Chemplast Sanmar 4th period net profit at Rs 6.4 crore

Chemplast Sanmar fourth quarter profit was up 58 percent at Rs 568.9 crore against Rs 361.1 crore. Its net profit was at Rs 6.4 crore against net loss Rs 45.3 crore. The firm’s EBITDA margin was at 9 percent against 6 percent.

Outsourcing hot topic next to elections, Blake says

With political parties in the U.S. progressively going into election, a prominent Obama Administration representative has recognized that “outsourcing” could be one of the campaign issues, although different from the previous, the optimistic feature is that with India is poised.

Goldman Sachs relegates Reliance Industries, Cairn; alleviates ONGC

Goldman Sachs on Wednesday relegated Reliance Industries and Cairn India to neural to purchase, and alleviated its value on Oil & Natural Gas Corporation to purchase from neutral.

20 flights postponed, Air India didn’t acknowledge pilots’ union

With more or less 20 flights being postponed because of the pilot’s protest, Air India management at the moment shifted fast to not acknowledging their union ICPA and announcing their protest illegal.

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Pennar Industries March 2011 sales at Rs 301.89 crore

Pennar Industries has accounted a sales turnover of Rs 301.89 crore and a net profit of Rs 19.13 crore for the period that lasted in March 2011.

Relic Life Science March 2011 sales at Rs 0.17 crore

Relic Life Science has accounted a sales turnover of Rs 0.17 crore and a net loss of Rs 0.10 crore for the period that lasted in March 2011. For the period that lasted in March 2010 the sales turnover was Rs 0.18 crore and a net profit was Rs 0.05 crore.

Rungta Irrig March 2011 sales at Rs 14.63 crore

Rungta Irrigation has accounted a sales turnover of Rs 14.63 crore and a net profit of Rs 0.20 crore for the period that lasted in March 2011. For the period that lasted in March 2010 the sales turnover was Rs 14.34 crore and net profit was Rs 0.13 crore.

Stride Arcolab March 2011 sales at Rs 127.94 crore

Stride Arcolab has accounted a sales turnover of Rs 127.94 crore and a net profit of Rs 12.74 crore for the period that lasted in March 2011.

Saurastra Cement March 2011 sales at Rs 133.29 crore

Saurastra Cement has accounted a sales turnover of Rs 133.29 and a net loss of Rs 25.54 crore for the period that lasted in March 2011. For the period that lasted March 2010 the sales turnover was Rs 122.98 crore and net profit aws Rs 4.32 crore.

Shukra Diamonds March 2011 sales at Rs 6.73 crore

Shukra Diamond Exports has accounted a sales turnover of Rs 6.73 crore and a net profit of Rs 0.15 crore for the period that lasted in March 2011. For the period that lasted in March 2010 the sales turnover was Rs 8.41 crore and net profit was Rs 0.08 crore.

Stertile Industries March 2011 sales at Rs 4,830.66 crore

Stertile Industries (India) has accounted a sales turnover of Rs 4,830.66 and a net profit of Rs 283.03 crore for the period that lasted in March 2011. For the period that lasted in March 2010 the sales turnover was 3,527.76 crore and net profit was Rs 507.10 crore.

Wipro 4th period PAT seen up 4 percent at Rs 1367 crore

Wipro is to declare its fourth period outcomes. The firm’s 4th period net sales are seen up 5.12 percent at Rs 8230 crore against Rs 7829.3 crore. Its PAT is seen up 3.7 percent at Rs 1367 crore against Rs 1318.8 crore.

ACC first quarter net profit up 41 percent to Rs 350 crore

India’s leading cement producer ACC has accounted 41 percent development in its first period of CY11 net profit of Rs 350 crore versus Rs 248 crore in the recent period.

BP waits for administration approval on RIL transaction soon, will compensate for balance afterwards

Administration’s sanction for the USD 7.2 billion Reliance Industries and British Petroleum transaction has been long-standing. But the latter at the moment appears positive of obtaining the approval almost immediately.

New provisioning standards to take advantage from banks, Stanchart says

The new provisioning standards declared by the Reserve Bank of India will be positive for banks as it will lessen incremental credit price and aid them post higher profit, Standard Chartered Securities says.

Gateway Distriparks fourth period merged PAT up at Rs 35 crore

Gateway Distriparks has announced its fourth period outcomes. The firm’s fourth period merged net profit was up at Rs 35 crore against Rs 25 crore, year-on-year, YoY.

BSE Sensex slips 0.09% as market wraps up session on red

The BSE 30-share Sensex was down 17.92 points or 0.09% at 19,584.31. The index gained 95.26 points at the day's high of 19,697.49 in morning trade, its highest level since 15 April 2011. The Sensex fell 70.89 points at the day's low of 19,531.34 in early trade.

The S&P CNX Nifty was down 10.20 points or 0.17% to 5,874.50. The Nifty hit high of 5,906.60 in morning trade.

BSE clocked turnover of Rs 2719 crore, lower than Rs 3636.83 crore on Thursday, 21 April 2011.

The BSE Mid-Cap index rose 0.09% and the BSE Small-Cap index gained 0.24%. Both these indices outperformed the Sensex.

Market Breadth:

Positive 1351 Negative 1565 Unchanged 91
From the 30 share Sensex pack, 18 fell and rest rose.

MAT levy on SEZs to upset shareholders, SEZ developers say

SEZ developers launch their first salvo in opposition of the administration on levy of 18.5 percent MAT (minimum alternate tax) on SEZs (special economic zones) in this year’s financial plan.

Maruti Suzuki 4th period hits estimates, sees indecision

India’s leading car manufacturer Maruti Suzuki accounted fourth period earnings that beat estimates, as sturdy demands aided equalize the effect of increasing input prices.

Economy to increase around 9 percent in FY 12, Finance minister official says

India’s economy will increase more or less 9 percent in this financial year that began in April, if international crude costs stay under control, according to R Gopalan, economic affairs secretary in the ministry of finance on Monday.

Kalpataru Power obtains fresh purchase worth Rs 1,350 crore

Kalpataru Power Transmission has succeeded to get fresh transmission line construction purchase worth Rs 1,350 crore from local and international market.

Ballarpur Industries 3rd quarter PAT up 11 percent at Rs 49.2 crore

Ballarpur Industries has announced its third period outcomes. The firm’s 3rd quarter merged net profit was up 11 percent at Rs 49.2 crore against Rs 44.3 crore, year-on-year, YoY. Its net sales were up 13 percent at Rs 1,164 crore against Rs 1,032 crore, YoY.

Gillette India 3rd period net profit plunged at Rs 20.73 crore

Gillette India has announced its third period outcomes. The firm’s 3rd quarter net profit was down at Rs 20.73 crore against Rs 42.7 crore, year-on-year, YoY. Its net sales were up at Rs 263 crore against Rs 164 crore YoY.

Geometric 4th period PAT up 16 percent at Rs 17.8 crore, QoQ

Geometric has announced its 4th period outcomes. The firm’s 4th period merged net profit was up 51 percent at Rs 17.8 crore against to Rs 11.8 percent, year-on-year, YoY.

Pratibha Industries & 2 others succeed Rs 242 crore pipeline transaction

Engineering firm, Pratibha Industries on Monday told that it has succeeded a transaction for Rs 241.50 crore to build pipelines for the Goa Water Supply and Sewerage Project.

Sterlite Industries hits ballpark figures, 4th period net profit leaps 35 percent.

Vedanta’s India subsidiary Sterlite Industries in UK has accounted fourth period merged net profit of Rs 1,925 crore, fairly better-than-expected of Rs 1,330 crore, an increase of 35 percent versus Rs 1,425 crore in an identical period in the previous year.

Petrol costs suppose USD 100/ barrel, IOC says

Recently petrol costs are linked to global costs at USD 100 per barrel, the chief of Indian Oil Corp told on Monday, toting up his company was seem to increase petrol costs at the initial possible chance.

Controlling inflation major challenge, Rangarajan says

In the stir of worldwide financial crisis, India, like various other nations, adopted an expansionary monetary guideline to motivate demand. As a result, the financial discrepancy which was plunging down began to rise; in 2008-09, discrepancy was 6 percent of GDP, it increased to 6.4 percent in the following year.

MAruti Suzuki 4th period net profit up 0.5 percent at Rs 660 crore

India’s biggest car manufacturer Maruti Suzuki has accounted fourth period net profit of Rs 660 crore, an increase of 0.5 percent versus Rs 656.5 crore in the same period last year.

IOC might trade fuels to Pakistan of prohibition won’t end

Indian Oil Corporation might deem fuel exports to Pakistan if an import prohibition by that nation of Indian petroleum merchandise is lifted, according to a firm executive on Monday.

Tata Steel to cling to Riversdale venture

Tata Steel, the globe’s no. 7 steel manufacturers, will cling to its venture in Africa-focused Riversdale Mining, according to its vice chairman on Monday. We will keep on clinging to our venture, according to B Muthuraman.

Stride Arcolab 1st period net profit up 2 percent at Rs 40 crore

Stride Arcolab has announced its first period outcomes. The firm’s 1st quarter merged net profit was up 2.26 percent at Rs 40.7 crore versus Rs 39.8 crore. Its merged net sales were up 30.25 percent at Rs 486.5 crore against Rs 373.5 crore.

Ferro Alloys 4th period net profit at Rs 3.2 crore

Ferro Alloys has announced its fourth period outcomes. The firm’s fourth period net profit was up at Rs 3.2 crore against Rs 2.2 crore. Its net sales were up at Rs 120.1 crore against Rs 101.2 crore.

Administration acquires RIL to offer KG-D6 to crore sector only

The oil minister has purchased Reliance Industries to halt KG-D6 gas supply to non-core users. The cause of having a sharp plunges down in the manufacturing from the block.

BOC India 4th period net profit up at Rs 26.7 crore

BOC India has announced its fourth period outcomes. The firm’s 4th period net profit was up 12 percent at Rs 26.7 crore against Rs 23.8 crore, year-on-year, YoY. Its net sales were down 12 percent at Rs 224 crore against Rs 255 crore YoY.

Mohandas Pai receives a proposal from Bangalore University

TV Mohandas Pai, who give up Infosys and its Board of Directors in a shocking action in the previous week, has accepted a proposal from Bangalore University to co-chair the suggested Bangalore School of Economics.

Administration may bring in charge increase policy this year

Maharashtra Deputy Chief Minister Ajit Pawar at the moment told that the administration would attempt to accelerate the talks on the fee increase regulation bill prior to the joint select committee of 26 MLAs, so that the scheme could be raised from June.

Microsoft provides USD 1 - lakh grant money for best start-ups

Microsoft at the moment told that India is a strategic market for it, and also declared a USD 1 - lakh award to endorse development among local start-up firms.

Small car sales might leap 30 percent

Sales of small cars in the U.S. might leap as mich as 30 percent as customers look for vehicles that are both fuel-efficient and fun to drive, according to Jim McDowell, head of Mini USA brand on Thursday.

Indiabulls Fiscal FY11 net rockets on home loan development

Non-banking lender Indiabulls Financial Services told that net profit for fiscal 201 more than doubled to Rs 743 crore, aided by development in long-term, low -risk mortgage loans and failing delinquency levels.

Business compensations urges industrial revenue beats

Sturdy business compensation urged a different crop of revenue beats at huge multinational producers, lots of which increased 2011 revenue prediction, but new proof of the fiscal toll from Japan’s earthquake raged annoyed optimism.

Japan allocates initial USD 50 billion for post-quake rebuild

Japan’s cabinet commended on Friday nearly 50 billion of spending for post-earthquake rebuilding, a downpayment on the nation’s largest public works endeavor in 60 years.

Chanda Kocchar chalks out ICICI’s pushy development scheme

Chanda Kocchar has been granted the Transformational Business Leader of the Year award by AIMA. The managing director and CEO has told that the bank is set to get on a development trail following two years of consolidation, with the aim on improving productivity.

Madras HC nods merger of Essar Tele with India Securities

In what turns to be a big respite to Essar, the Madras High Court at the moment told that Vodafone does not have the locus standi to object to the plan of merging between Essar Telecommunication and India Securities Limited.

DGH to send for RIL to clarify plunging production from KG D6

Oil regulator Directorate General of Hydrocarbons (DGH) will send for Reliance Industries in the following month to look for clarification on plunging production from Eastern Offshre KG d6 gas transaction.

Toyota Kirloskar to slash production on supply issues

Toyota Kirloskar Motor, a joint venture between Toyota Motor Corporation and Kirloskar group, told that it will postpone output at its facilities on all Mondays and Fridays between April 25 and June 4 because of supply difficulties following Japan’s March 11 earthquake and tsunami.

BSE Sensex surges 0.67% as market concluded with solid performance

The BSE 30-share Sensex was up 131.25 points or 0.67% to 19,602.23, its highest closing level since 13 April 2011. The Sensex rose 59.52 points at the day's low of 19,530.50 in afternoon trade. The index gained 225 points at the day's high of 19,695.98 in mid-morning trade.

The S&P CNX Nifty was up 33.05 points or 0.56% to 5,884.70, its highest closing level since 13 April 2011. The Nifty hit high of 5,912.90 in mid-morning trade.

The BSE Mid-Cap index rose 0.13%. The BSE Small-Cap index rose 0.03%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 3620 crore, lower than Rs 3770.11 crore on Wednesday, 20 April 2011.

Market Breadth:

Positive 1424 Negative 1498 Unchanged 99
From the 30 share Sensex pack, 21 rose and rest fell.

Food price increase at 8.74 percent YoY as on April 9

India’s yearly food inflation broke a three-week trend on April 9, as fuel price hike as well speed up, raising the odds for an insistent price increase by the Reserve Bank of India (RBI) in the following month.

Rocketing auto parts manufacturer may hit cost bump in January to March

Indian auto subsidiary manufacturer are on the right path to account higher sales for January to March on vigorous local and global demand but higher rates may limit profit development.

Philips to open some fresh merchandise

Electronics major Philips is bullish on rising the market share in India and turn into number 1 in sound for which the firm has lined up a host of fresh merchandise, to be inaugurated in phases by June.

GCPL charts aim to double international earnings

FMCG major Godrej Consumer Products (GCPL) is in the development of executing four-pronged tactics which it thinks will double its international venture in FY2010-11. The firm will declare its whole year outcomes in the first week of May.

Canon India to compensate Rs 100 crore on advertisement this year

Digital imaging company Canon India has earmarked Rs 100 crore for different marketing and promotional activities this year, according to the latest announcement.

Samsung aims 40 percent increase in sales

Korean user durable and electronics firm Samsung is glancing at clocking a 40 percent leap in sales this year in India mostly motivated by technology-led classes, according to reports.

Domestic air traffic increases by 20.9 percent in January - March

Numbers of travelers held by domestic carriers increased 20.9 percent in January - March to 14.3 million, with Jet Airways logging the highest market share amidst domestic airline, administration info illustrated on Thursday.

Coca-Cola to obtain to enlist Rosna at 5 price point

Coca-cola India is re-entering the Rs 300 crore labeled powdered ready-to-drink market following a pull in the plug on its Sunfill brand six years ago, according to reports.

Hind Zinc 4th period PAT seen up 13 percent at Rs 1396 crore

Hindustan Zinc is to declare its fourth period outcomes. According to estimate accounts, its earnings is seen up 11 percent at Rs 2836 crore against Rs 2545 crore.

DoT to almost immediately deem on telcos lost eligibility norms

The telecom ministry has obtained retorts from all the operators who were filed show cause notices for not reaching the eligibility criteria for licenses and will almost immediately deem on move in opposition to errants, according to a prominent official on Wednesday.

GoM led by Pranab to gather almost immediately over Vedanta-Cairn agreement

The conference of the Group of Ministers, which is led by Union finance Minister Pranab Mukherjee, concerning the USD 9.6 billion possession of Cairn India by Vedanta Rsources would happen soon, according to a prominent administrative official at the moment.

RS Limited gets Sebi approval for its IPO

SRS Limited, a firm into cinema exhibition, food and beverage, sales and production and retailing of jewelery, at the moment told that it has received Sebi endorsement for its initial public offering (IPO).

Paramount Printpackaging IPO launches today

Paramount Printpackaging’s public issue of 1, 30, 94, 175 equity shares has launched for investment at the moment. The issue will comprise 49.04 percent of the fully-diluted post issue paid up capital of the firm.

Muthoot Finance IPO invested 10 times on QIB aid

Nation’s biggest gold financing firm Muthoot Finance’s initial public offering, which closes on April 21, has obtained fine response from shareholders, particularly qualified institutional shareholders.

Trimurthi Drugs March 2011 dealings at Rs 3.62 crore

Trimurthi Drugs and Pharmaceuticals has accounted a sales income of Rs 3.62 crore and a net profit of Rs 0.02 crore for the period that lasted on March 2011.

VTM March 2011 dealings at Rs 39.79

VTM has accounted a sales income of Rs 39.79 crore and a net loss of Rs 0.19 crore for the period that lasted on March 2011.

Wheel & Axle Te March 2011 dealings at Rs -0.16 crore

Wheel & Axle Textiles Limited has accounted a sales revenue of Rs -0.16 crore and a net loss of Rs 0.46 crore for the period that lasted on March 2011.

Automobile Corporation 4th period PAT up 17.8 percent at Rs 5.3 crore

Automobile Corporation of Goa fourth quarter FY11 earning was up 5.5 percent at Rs 80.6 crore against Rs 76.4 crore. Its PAT was up 17.8 percent at Rs 5.3 crore against Rs 4.5 crore.

Indo Asian Fusegear Fiscal Year 2011 net loss at Rs 51.1 crore

Indo Asian Fusegear FY11 earnings were down 47.4 percent at Rs 120.6 crore against Rs 228.6 crore. Its outlay was down 19.6 percent at Rs 176.5 crore against Rs 219.4 crore. The firm’s net loss was at Rs 51.1 crore against net profit Rs 2.9 crore.

PFC 4th period net profit up at Rs 606.75 crore

PFC’s fourth period net sales were up at Rs 2,617.35 crore against Rs 2,079.95 crore, YoY. Its net profit was up at Rs 606.75 crore against Rs 598.80 crore, YoY.

Elantas Beck 4th period PAT down 11 percent at Rs 8.1 crore

Elantas Beck India 4th period FY11 earnings were up 12.7 percent at Rs 68.1 crore against Rs 60.4 crore. Its PAT was down 11 percent at Rs 8.1 crore against Rs 9.1 crore. The firm’s outflow was up 20.6 percent at Rs 58.5 crore against Rs 48.5 crore. Its EBITDA margin was 16 percent against 22 percent.

Rs Software 4th period consolidation PAT up at Rs 6.9 at Rs 6.9 crore

Rs Software Q4FY11 merged earnings were up 35 pecent at Rs 53 crore against Rs 39.2 crore. Its PAT was up at Rs 6.9 crore against Rs 2.9 crore. The EBITDA margin was at 18 percent against 12 percent.

HCL Technologies 3d Period PAT seen up 8.6 percent at Rs 430 crore

India’s 4th biggest IT software contractor HCL Technologies is ready to report 8.6 percent increase in its 3rd period merged net profit of Rs 430 crore as against Rs 400 crore in the period that lasted on December 2010, as per US GAAP.

BSE Sensex soars 0.16% as market remains strong

The BSE 30-share Sensex was up 30.66 points or 0.16% to 19,121.83. The index gained 110.75 points at the day's high of 19,201.92 in mid-morning trade. The Sensex shed 114.98 points at the day's low of 18,976.19 in morning trade, its lowest level since 29 March 2011.

The S&P CNX Nifty was up 11.65 points or 0.20% to 5,740.75. The Nifty hit low of 5,693.25 in morning trade, its lowest level since 29 March 2011.

The BSE Mid-Cap index rose 0.36%. The BSE Small-Cap index gained 0.29%. Both these indices outperformed the Sensex.

Large bulk deals in Cairn India counter lifted turnover on BSE to Rs 12881 crore from Rs 3391.27 crore on Monday, 18 April 2011.

Schlafhrost Engineering March 11 transactions at Rs 1.06 crore

Schlafhorst engineering has accounted a transactions turnover of Rs 1.06 crore and a net profit of Rs 0.19 crore for the period that lasted on March 2011.

CMC March 11 transactions at Rs 215.22 crore

CMC has accounted a transaction turnover of Rs 215.22 crore and a net profit of Rs 38.53 crore for the period that lasted on March 2011. For the period that lasted on March 2010 the transactions turnover of Rs 215.22 crore.

Zee Enterprise 4th period consolidates PAT up 49 percent at Rs 192 crore

Zee Entertainment Enterprises has declared its fourth period outcomes. The firm’s fourth period standalone net profit was down 49 percent at Rs 85.8 crore against Rs 168.3 crore, quarter-on-quarter, QoQ.

RBI sees little option to US Treasuries

The Reserve Bank of India (RBI) is not deeming a diversification of its outside investments away from US Treasuries given a lack of choices, according to sources involve in the issue on Tuesday.

IDBI Bank 4th period seen up 43 percent at Rs 45 crore

IDBI Bank is to declare its fourth period outcomes, according to reports, the firm’s Q4FY11 net interest income (NII) is seen up 60.6 percent at Rs 1220 crore versus Rs 760 crore.

Gujarat Alkalies to append aptitude, says no to divestment

Regardless all the thrill in the market following the Kanoria Chemical and Aditya Birla Chemical agreement, Guruprasad Mohapatra managing director of Gujarat alkalies & chemicals has been telling that the firm is not interested in divesting the venture.

IDBI Bank 4th period NII seen up 60 percent at Rs 1220 crore

IDDI Bank is to declare its fourth period outcomes, the reports said, the firm’s Q4FY11 net interest income (NII) is seen up 60.6 percent at Rs 1220 crore against Rs 760 crore.

Reliance might go into security sector

Energy Corporation Reliance Industries has appointed a past executive of Boeing to make possible foray into homeland security and aerospace sectors, according to the report on Tuesday.

CMC 4th period consolidates PAT down 3.2 percent at Rs 43.9 crore

CMC fourth period consolidated net sales were up 7.4 percent at Rs 292.9 crore against Rs 272.64 percent , QoQ. Its EBITDA was Rs 52.11 crore against 51.85 crore, QoQ. Its EBITDA margin was at 17.8 percent against 18.9 percent, QoQ.

No redevelopment of shut off textile mills till debts are paid, according to the Minister

Shut off textile mills or industrial units will not be provided authorization for redevelopment or amendment of user until they pay the employees’ due, according to Maharashtra Administration on Monday.

Exemption from filing of tax returns for revenue up to Rs 5 lakh

Tax payers with yearly revenue of equal to Rs 5 lakhs will be exempted from filing of file returns, an action that will give relief to more or less 70 to 80 lakh people.

CD controversy: Shanti Bhusan take legal action on Amar singh

Noted lawyer Shanti Bhusan, who is also a constituent of the Lokpal Bill drafting committee, has submitted a contempt petition in opposition to past Samajawadi Party general secretary Amar Singh in the Supreme Court on the controversial CD that purportedly showed him (Bhushan) talking to Mulayam singh Yadav and Amar Singh regarding bribing a judge for Rs 4 crore.

UBI puts off to freeze Lilavati a/c as trustees clash fume

Union Bank of India, which grasps of the accounts of Lilavati Hospital here, has put off the action to freeze the recent and saving accounts kept with it in the name of the hospital.

300 MW solar powers to be charged by this year end

More or Less 300 MW of grid connected solar power ventures will be charged in Gujarat by this year end, according to a prominent official on Monday.

Entire I-T reimbursements to be arranged this month

Following a 8.23 lakh reimbursements being made in the initial half of this month, the Income Tax Department on Monday has told that it will arrange the entire imminent claims in April alone.

BSE Sensex falls deep 1.57% as market weakens

The BSE 30-share Sensex was down 310.04 points or 1.57% to 19,386.82. The Sensex skidded 359.74 points at the day's low of 19,337.12 in early afternoon trade. The index rose 4.01 points at the day's high of 19,700.96 in early trade.

The S&P CNX Nifty was down 86.95 points or 1.47% to 5,824.55.

The BSE Mid-Cap index shed 0.2% and the BSE Small-Cap index declined 0.17%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 3738 crore, higher than Rs 3394.41 crore on Wednesday, 13 April 2011.

Market Breadth:

Positive 1315 Negative 1592 Unchanged 84
From the 30 share Sensex pack, 23 fell and rest rose.

Muthoo Finance will utilize IPO proceeds to keep more than 1 percent CARMuthoo Finance will utilize IPO proceeds to keep more than 1 percent CAR

Muthoot Finance, the non-banking finance firm associated in gold loan business, aims to collect 901 crore through an initial public offer of 5.15 crore equity shares in the price band of Rs 160-175. "The purpose of the fund raising is to maintain our aims to attain a capital adequacy ratio (CAR) above 15%," according to George Alexander Muthoot, MD, Muthoot Finance. The firm’s recent CAR stands at 14.79 percent.

APR Constructions submits DRHP for Rs 104 crore IPO

APR constructions has submitted draft red herring prospectus (DRHP) with the market watchdog SEBI for public issue of equity shares of Rs 10 each aggregative equal to Rs 104 crore.

Economy willing to take up FDI, the Prime Minister says

India is willing to take up foreign direct investment, according to Prime Minister Manmohan Sing on Thursday in the Chinese village of Sanya in a pronouncement at the BRICS summit, together with China, Brazil, Russia and South Africa.

Essar Steel charges CSP mill at Hazira

Essar Steel told that it has charged its compact strip production mill (CSP mill) in Hazira with an aptitude of 3.5 - MTPA. This is a chief component of Essar Steel’s scheme for developing its steel production aptitude at its Hazira facility from 4.6 MTPA to 10 MTPA.

Indonesia tells Coal India to endow USD 3 billion in coal, steel

Coal India’s largest coal manufacturer, aims to endow equal to USD 3 billion in a coking coal mine, steel facility and a seaport on Indonesia’s Kalimantan island, Agustin Teras Narang, according to the Central Kalimantan governor on Thursday.

Administration to rejig, synchronize monetary system intelligence agencies

As the nation is seeing a sequence of scams, the administration has started an ambitious exercise to rejig the spy mechanism and synchronize the database of monetary system intelligence and enforcement agencies.

Cadbury opens advertising campaign for ‘Tang’ in India

Cadbury India, a component of Kraft Foods, on Thursday opened its initial advertising campaign in India for its international influence brand Tang, which is aimed at mothers.

Infosys to put in 45,000 staff in FY12; client budget seen flat

Infosys Technologies Limited told that it will put in more or less 45,000 staff in the recent fiscal year (April - March) 2011-12 as it sets to take advantage of development opportunity.

Mohandas Pai leaves Infosys board

In what appears to be as a big setback to Infosys Technologies, board member TV Mohandas Pai has left, according to the firm in its press release while declaring the fourth period revenues. Pai has asked for the board to relieve him following the firm’s AGM on June 11.

Dr Reddy’s opens generic Allegra drug in US

Having obtained a legal clash, Dr Reddy’s Laboratories on Thursday at last opened its generic Allegra tablets, Fexofenadine HCI, in the US market. DRL will market over-the-counter merchandise under store brand labels in the US market.

Infosys 4th period lower than expected; increase 2 percent at Rs 1818 crore

India’s second biggest IT services exporter Infosys Technologies has accounted fourth period net profit of Rs 1,818 crore, an increase of 2.15 percent on Rs 1,779 crore in the last period.

BRICS look for consideration to bumpy inflows into growing markets

Brazil, Russia, India, China and South Africa, as a group known as the BRICS nations, have asked for greater international attention into bumpy capital inflows into developing nations.

CBI collects fresh information, summons Kalmadi next week

Fortified with fresh information collected by its group in London in linked with Queen’s Baton Relay, CBI has inquired past Commonwealth Games Organizing Committee Chairman Suresh Kalmadi to show prior to it in the following week.

DoT insider tells policies were bent in Raja’s possession

Giving an insider report of how policies were bent in the possession of past Telecom Minister A Raja in 2G spectrum allotment, a senior department representative has said to the CBI that minutes of the meeting were also illegitimately amended to alter the guidelines.

Unitech suggested to sell telecom wing to RIL, Radia told CBI

Real Estate major Unitech has suggested to sell its telecom wing to RIL Chairman Mukesh Ambani, corporate lobbyist Niira Radia said to the CBI in a probe into the 2G spectrum scam.

Alcatel considers corporate telecom gear unit sale

Alcatel-Lucent may set out the component of the firm that sells phones and telecom gear to corporate clients, according to the three individuals related with the issue, though it was uncertain if Alcatel had given consent to the advisers.

Nokia Siemens may put in the market Joint Venture stake

Nokia Siemens, a 50:50 joint venture between mobile phone manufacturer Nokia and engineering facility giant Siemens AG, is reported to be exploring alternatives to put in the market a controlling venture in the company.

Servalaksmi Paper IPO to launch on April 27

Paper producer Servalakshmi Paper’s Rs -60 crore initial public offering (IPO), is going to launch for investment on April 27. It has settled the issue price band at Rs 27-29 per share.

Will utilize IPO proceeds to uphold more than 15 percent CAR, Muthoot Fin says

Muthoot Finance, the non-banking finance firm connected in gold loan venture, aims to collect Rs 901 crore through an initial public offer of 5.15 crore equity shares in the price band of Rs 160-175.

India, China take actions to alleviate disagreements, develop trade

India and China have concurred to re-establish security bonds and will exchange visits by their prominent heads and take actions to develop their balance of trade, according to India’s National Security adviser Shiv Shankar Menon on Wednesday.

HUL to stand-in spaces with re-launches, brand extensions

Eyeing to double its sales by 2015, FMCG major Hindustan Unilever Limited (HUL) is aiming at a slew of strategies. Together with re-launches, to garner the biggest pile in the consumer merchandise by submitting white spaces in its product portfolio.

Mid-cap companies on the right path for better 4th period

Indian mid-cap companies are on the path to post higher revenue in the previous period of FY11, regardless of a growth in costs of raw materials like crude oil and steel, as volume increase and strong demand keep profit thrust afloat.

RIL begins ventures to expand polyster capacity

Reliance Industries told on Wednesday it had began work on polyster ventures in the nation as it eyes to consolidate its positions as the globe’s biggest integrated polyster manufacturer.

Cadila Health March period PAT seen up at Rs 138 crore

Molital Oswal has emerged with its profit estimates on Pharmaceuticals for the period that lasted on March 2011. The research company says that Cadila Health March quarter sales are likely to increase by 18.3 percent at Rs 1001.4 crore year-on-year, (YoY) basis.

Residential property costs to plunge down as customers stay away

Burdened by a heaped up inventory as buyers keeps out, property costs in India’s key markets are line up to plunge down, while in different cities the trends is expected to be conflicting.

Nissan India transfers to new corporate office in Chennai

Nissan Motor India at the moment told that it has transferred to its new corporate office at T Nagar in Chennai. The office will shelter employees of the programme management committee, corporate planning, product planning, exports, after-sales, finance, communications and human resource functions, according to the firm in a pronouncement.

Tata chemical expects USD 300-350 million EBITDA from Gabon plant

Tata Chemicals is likely to get profits before interest, taxes, depreciation and amortization (EBITDA) of USD 300-350 million from the ammonia-urea fertilizer facility at Republic of Gabon in Africa, Managing Director R. Mukundan told in a meeting call on Wednesday.

MIRPL March period PAT seen up at Rs 425.6 crore

Molital Oswal has emerged with its profit estimates on oil and gas sector for the quarter that lasted on March 2011. The research company says that MRPL March period sales are likely to increase by 47.6 percent at Rs 12841.4 crore year-on-year basis.

Indraprastha Gas March period PAT seen up at Rs 67.5 crore, MOST says

Molital Oswal has emerged with its profit estimates on oil and gas sector for the period that lasted on March 2011. The research company says that Indraprastha Gas Mach period sales are likely to increase by 63.4 percent at Rs 470.1 crore year-on-year (YoY) basis.

BSE Sensex leaps 2.25% as all sectors in green

The BSE 30-share Sensex was up 434.32 points or 2.25% to 19,696.86, its highest closing level since 4 April 2011. The Sensex rose 468.83 points at the day's high of 19,731.37 in late trade. The Sensex shed 168.91 points at the day's low of 19,101.63 in early trade, its lowest level since 29 March 2011.

The S&P CNX Nifty was up 125.80 points or 2.17% to 5,911.15, its highest closing since 6 January 2011. The Nifty hit high of 5,923.60 in late trade. The Nifty hit low of 5,735.55 in early trade, its lowest level since 29 March 2011.

The BSE Mid-Cap index rose 1.40% and the BSE Small-Cap index advanced 1.30%. Both these indices underperformed the Sensex.

All the 13-sectoral indices on the BSE logged gains. The BSE Capital Goods (up 2.73%), the BSE Auto (up 2.54%), and the Bankex (up 2.32%), outperformed the Sensex. The BSE Healthcare (up 0.76%), the BSE Metal (up 0.80%), and the BSE Consumer Durables (up 1.11%), underperformed the Sensex.

BSE clocked turnover of Rs 3373 crore, higher than Rs 2588.21 crore on Monday, 11 April 2011.

Market Breadth:

Positive 1941 Negative 977 Unchanged 93
From the 30 share Sensex pack, 28 rose and rest fell.

GRUH Finance 4th period PAT increased at Rs 41.6 crore

GRUH Finance has announced its fourth period outcomes. The firm's fourth period net profit was up at Rs 41.6 crore against Rs 32.8 crore, year-on-year, YoY. Its entire earnings was up at Rs 118 crore against Rs 93.2 crore, YoY.

DCB makes profitable in FY 11 over sturdy loan increase

Sturdy income from investments and loans aided Development Credit Bank (DCB) account a net profit of Rs 13.96 crore for the fourth period (January - March), against a net loss of Rs 4.85 crore in the identical quarter of the previous year.

Mah Satyam is expected to resubmit tax appeal on April 15

Following a rebuff of its initial tax appeal by the Supreme court on the basis of utilizing 'authoritative language' in text, Mahindra Satyam is on a scheme to resubmit its tax appeal to the Supreme Court on April 15, according to accounts citing sources.

UP mango output plunges to 73 percent because of bad weather

Uttar Pradesh, a place known for producing Dussehri, Langda and Chausa kinds of the saccharine fruit, may see a plunge down of 73 percent in output because of bad weather conditions.

Oil Ministry hopes for Home Ministry's approval for Rel-BP transaction

Petroleum Ministry has hoped for security approval from Home Ministry for permitting UK's BP Plc to purchase 30 percent venture in most of the Reliance Industries' oil gas blocks, including the collosal KG-D6 off east coast.

ACC March period PAT witnessed 19 percent at Rs 328 crore, Emkay says

Emkay Global Financial Services has appeared with its revenue estimates on cement sector for the period that lasted March 2011. The research company says that ACC period sales are likely to increase by 15 percent at Rs 2416.6 crore, year-on-year. (YoY) basis.

Infosys 4th period witnessed at more than 4 percent to Rs 1856 crore

India's second biggest IT service exporter Infosys Technologies is likely to account a fourth period's revenue following tax (PAT) of Rs 1856, an increase of 4.2 percent on Rs 1779.8 crore in the last period.

Geojit BNP Paribas 4th period revenue plunges to 65 percent at Rs 3 crore

Geojit BNP Paribas Financial Services has accounted a net profit of Rs 3 crore for the period that lasted on March 2011, a plunge of about 65 percent from Rs 8.5 crore in the identical quarter of the previous year.

Reliance Digital opens interactive service for children

Top direct-to-home (DTH) contractor, Reliance Digital TV (RDTV), has opened an exclusive educational interactive service "iKids" particularly for its young audience.

Emami aims Rs 40 crore earnings from Pure Skin brand in first year

FMCG major Emami, which purchased exclusive rights of a skin-care technology from Mibelle Biochemistry to produce and sell products under the Pure Skin brand in India from May, is targeting an Rs 40-50 crore of profit from it in the first-year itself, according to a prominent firm.

Panasonic aiming 65 percent leap in profit from India FY 12

Japanese customer durables major Panasonic is aiming about 65 percent leap in earnings from its India operations in FY 12 to Rs 9,000 crore, according to a prominent company executive.

PharmaSecure in discussions to offer anti-counterfit solutions

PharmaSecure PAS India is in discussions with various prominent pharma firms to suggest its anti-counterfit solutions of detecting and tracing medicines in advance of the administration deadline of July.

Muthoot Finance IPO to launch on April 18

Gold financing firm Muthoot Finance is arranging to tap the capital market with a public issue of 51.5 lakh equity shares of face values Rs 10 each on April 18. The issue will constitute 13.85 percent of the entire diluted post issue paid-up equity share capital of the firm.

Paramount Printpackaging obtains SEBI approval for IPO

Paramount Printpackaging Limited, a firm operates a full automated facility at Navi Mumbai and capable of supplying various types of duplex board cartons, has obtained SEBI approval for its suggested IPO.

Future Venture to open Rs 750 crore IPO in May

Future Group's venture capital wing, Future Ventures, is ready to go into the capital market by the first week of May to collect more or less Rs 750 crore via an IPO, according to a prominent firm representative.

IMF slashes India development forecast for 2011, 2012

Increasing oil costs and inflation in the developing nations that were a welcome source of stability in the financial crisis indicates dangerous new risks to the global economy, according to the International Monetary Fund on Monday.

US fast-food chains trust India to drive development

The scramble by international food firms in to India's fast food sector innovated on Monday while various US chains declared schemes to come into the nation, expecting to tap the surging spending power in Asia's third-largest economy.

March IIP to be low; production to rebound in April, Basu says

The administration at the moment told that it expects the nation's industrial development to remain low in March, keeping on the trend of the last few months, but aimed forward to a start recovery in factory production figures in April.

March price increase has been witnessed in a rapid pace to 8.36 percent

India's wholesale price index might increase 8.36 percent in March from a year earlier, moderately higher than February's 8.31 percent increase as fuel and production prices kept on rising, according to a report on Monday.

Punj Lloyd aims highway venture wins

Engineering and construction company Punj Lloyd is likely to increase at its infrastructure and buildings division by 30 percent to 40 percent this year as it steps up its presence in the highways segment, according to a senior official on Monday.

JSW posts log periodically crude steel production in Q4FY11

Steel major, JSW Steel, at the moment told that it has logged its highest-ever periodically crude steel output of 1.72 million tonnes in Q4FY11.

Sn Subrahmanyan to be brought up to L&T; Board

The Board of Directors of Larsen & Toubro (L&T) has commended the rising of SN Subrahmanyan as a Whole-time Director, with effect from July 1.

Tata Chemicals acquires 25 percent in Olam's joint venture in Gabon

Singapore commodity company Olam International told on Monday that Tata Chemicals will endow USD 290 million ti acquire 25 percent venture in its joint venture project with the administration of Gabon to arrange a urea manufacturing project.

India to increase at 8.5 percent in FY11 regardless of poor IIP data, Montel says

Confidence on smart recovery in the farm production, the Planning Commission at the moment exuded trust that the nation would climb up to 8.5 percent economic expansion in 2010-11 regardless of moderation in industrial development.

Indians have high hopes in the banking business, Ernst & Young says

The credit dilemma has had little effect on customer trust in the Indian banking business; 75 percent of respondents in India told that their confidence in the banking business has increased in 2010, appears a survey set by the consulting company - Ernst & Young.

Reliance Broadcast Network's BIG STREET launches new gateway for advertisers

Reliance Broadcast Network Limited has notified the Exchange concerning a Media Release dated April 11, 2011 with the title "Reliance Broadcast Network's BIG STREET launches new gateway for advertisers with the Delhi Airport Metro Express."

Tata Chemical March period PAT witnessed to increase at Rs 190.7 crore P Lilladher

Prabhudas Lillader has emerged with its revenue estimates on agri products & chemicals sector for the period that lasted on March 2011. The research company says that Tata Chemicals March period sales are likely to increase by 15.9 percent at Rs 2647.7 crore, year-on-year, (YoY) basis.

Jain Irrigation March quarter PAT witnessed at Rs 108 crore P. Liladher

Prabhudas Lilladher has emerge with its profit estimates on agri products & chemicals sector for the period that lasted on March 2011. The research company says that Jain Irrigation March period sales are likely to increase by 17.5 percent at Rs 1132 crore, year-on-year, (YoY) basis.

ONGC, Hindustan Petroleum in agreement for turpentine oil sale

ONGC, an oil explorer owned by the administration, has came into an MoU with Hindustan Petroleum (HPCL) for the sale of mineral turpentine oil (MTO) being manufactured at the former's refinery at Tatipaka on east coast of Andhra Pradesh.

Transocean drills in log water depth off India

A rig that is possessed by Transocean Limited has drilled in the deepest-ever water depth off India, defeating a record set eight years previously in the Gulf of Mexico, according to the firm on Monday.

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BSE Sensex plunges 0.97% as market started the week on red

The BSE 30-share Sensex was down 188.91 points or 0.97% to 19,262.54, its lowest closing level since 29 March 2011. The Sensex shed 208.86 points at the day's low of 19242.59 in late trade. The index fell 25.15 points at the day's high of 19,426.30 in morning trade.

The S&P CNX Nifty was down 56.30 points or 0.96% to 5,785.70, its lowest closing level since 29 March 2011. The Nifty hit low of 5,777.90 in late trade.

The BSE Mid-Cap index fell 0.7%. The BSE Small-Cap index also declined 0.71%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2536 crore, lower than Rs 2588.21 crore on Friday, 8 April 2011.

Market Breadth:

Positive 1138 Negative 1751 Unchanged 85
From the 30 share Sensex pack, 22 fell and rest rose.

Administration supervise RoCs to search for alternatives of IPO funds

To investigate the misuse of funds collected by firms though public offerings, the administration has ordered the Registrar of Companies (RoCs) to search for alternative of IPO funds while probing their yearly reports.

ONGC FPO in this period, together with PFC and SAIL, Finmin says

The matter of independent directors as a prerequisite on the panel of oil major ONGC is expected to be resolved soon and the administration aims to offload venture in the firm, together with PFC and SAIL, in the period itself.

IPO policies for life insurers to be launch this month

Insurance sector watchdog IRDA at the moment told that policies to permit life insurance firms to increase funds from the capital market will be launched by the end of this month.

Sun Pharma, Merck's India unit declare generic drug's deal

Indian drug major Sun Pharma has come into a production and marketing tie-up with US pharma company Merck & C0, according to the reports. The joint venture with Sun Pharma is eyed at innovating, production and sale of generic drugs in developing markets, according to Merck.

Aro Granite to mull over dividend

Aro granite Industries Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 22, 2011, inter alia, to mull over and take on record the Audited Fiscal Results of the Firm for the fiscal year that lasted on March 31, 2011 and to mull over suggestion of dividend on the equity shares of the Firm for the year 2010-11.

Reliance Infrastructure starts buy-back from today

Reliance Infrastructure Limited has notified BSE concerning a Press Release which was dated April 11, 2011 with the title, "RInfra commences buy-back from today - April 11, 2011."

Mahindra Composites to mull over dividend

Mahindra Composites Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 26, 2011, itner alia, to take on record the Audited Fiscal Results of the Firm for the year that lasted on March 31, 2011 and suggestion of dividend for the fiscal year 2010-2011, if any.

Auto Corp to mull over dividend

Automobile Corporation of Goa Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 19, 2011, inter alia, to commend Audited Financial Results of the Firm for the year that lasted on March 31, 2011, and to suggest dividend.

Sadbhav Engineering to mull over dividend

Sadbhav Engineering Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on april 20, 2011, to mull over the following: 1. Audited Fiscal Result for the year the lasted on March 31, 2011. 2. To suggest the dividend on the equity shares for the Firm.

Nitesh Estates approves joint development transaction

Nitesh Estates Limited has notified BSE that the Company has approved a Joint Development Agreement for about 3 acres of site oo Cunningham Road, Bangalore for mixed use innovation of Office, high end residential and Retail Segment.

Tata Power's strategic electronic division obtains purchase to innovate Airfield Infrastructure for the Indian Air Force

Tata Power Company Limited has notified the Exchange concerning a press release which was dated on April 11, 2011 with the title, "Tata Power's Strategic Electronics Division bags prestigious Order to modernise Airfield Infrastructure for the Indian Air Force."

Wendt to mull over dividend

Wendt (India) Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 29, 2011, inter alia, to mull over and approve the Audited Fiscal Results of the Firm for the year that lasted on March 31, 2011 and suggestion of dividend, if any.

Binani Cement to mull over dividend

Binani Cement Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 22, 2011, inter alia, to mull over the Audited Fiscal Results of the Firm for the year that lasted March 31, 2011 and suggestion of dividend.

Binani Industries to mull over dividend

Binani Industries Limited has notified BSE that a conference of the Board of Directors of the Company will happen on April 22, 2011, inter alia, to mull over the Audited Fiscal Results of the Firm for the year that lasted on March 31, 2011 and suggestion of dividend.

Mangalam Cement to mull over dividend

Mangalam Cement Limited has notified BSE that a conference of the Borad of Directors of the Firm will happen on April 27, 2011, inter alia, to mull over the Audited Fiscal Results for the year that lasted on March 31, 2011 and to suggest Dividend on Equity Shares for the year that lasted on March 31, 2011.

Vikas GlobalOne to mull over dividend

Vikas GlobalOne Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on May 05, 2011, inter alia, to mull over the following Issue; 1. To mull over and take on record the Unaudited Financial Result (Provisional) for the period which lasted on March 31, 2011; and 2. To suggest dividend, if any, for the previously mentioned year.

ACIL Cotton aims to purchase 2500 acres of land

ACIL Cotton Industries Limited has notified BSE that presently Firm is in Contract Farming; cultivate various crops like BT Cotton, Tuver, Jira and Herbs in 700 acres land in Gujarat. Firm obtains 102 acres agriculture land on lease / contract at Bavda, District Ahmedabad.

Eleccon Engineering obtains purchase worth Rs 12.49 crore

Elecon Engineering Company Limited has notified BSE that the Firm has been granted prestigious purchase of Rs 23.49 Crores from Ultra Tech Cement Limited, Unit: Rajashree Cement works - IV and Rawan Cement Works - II for stock of Coal & Additives Stacker & Reclaimer.

BSE Sensex drops 0.71% as market slows down

The BSE 30-share Sensex was down 139.73 points or 0.71% to 19,451.45, its lowest closing level since 1 April 2011. The Sensex fell 202.76 points at the day's low of 19,388.42 in late trade. The index gained 106.03 points at the day's high of 19,697.21 in early trade.

The S&P CNX Nifty was down 43.70 points or 0.74% to 5,842 it lowest closing level since 1 April 2011. Nifty hit low of 5,822 in late trade.

The BSE Mid-Cap index fell 1.25% and the BSE Small-Cap index declined 1.4%. Both these indices underperformed the Sensex.

Market Breadth:

Positive 1009 Negative 1943 Unchanged 87
From the 30 share Sensex pack, 25 fell and rest rose.

Kalyani Forge refutes pledging of shares

Kalyani Forge Limited has notified the Exchange that “the Promoters and Persons belonging to the promoters group have announced and furnished to the firm and to Board of Directors that they have not pledged their equity shares of the Firm with any bank, fiscal institution or any other party, during the period ended 31st March 2011.

ACIL Cotton; April 19, 2011 log date for bonus share

ACIL Cotton Industries Limited has notified BSE that April 19, 2011 has been set as Record Date for ascertaining the names of investors entitled to obtain Bonus shares in the ratio of 1 equity share of Re. 1/- each for every 1 equity shares of Re. 1/- each.

Tata Steel tells no alteration in position on Riversdale

Tata Steel has not altered its position concerning its venture in Riversdale, according to a senior official of the steel manufacturer on Friday.

Essar to request additional USD 700 million for Vodafone Joint Venture stake

Essar group is looking for additional USD 600 million to USD 700 million from Vodafone to sell its 33 percent holding in the Indian mobile joint venture to the British firm, according to the Economic Times account on Friday.

Gayatri Projects aims to increase USD 250 million through PE by June-August

Construction and power company Gayatri Projects is aiming at increasing USD 250 million from private equity players for its power ventures by June-August and may open its rights issue by June, according to a prominent official on Friday.

Tecpro Systems obtains purchase order Rs 223.8 crore

Tecpro Systems Limited has notified BSE that Tecpro Systems Limited obtains purchase Tecpro Systems worth Rs 223.8 crore.

KEC Int - KEC forays into water venture; Obtains initial purchase worth Rs 31 crore

KEC International Limited has notified BSE concerning a Press Release dated April 07, 2011 with the title, “KEC forays into Water business; Wins initial purchase Rs 31 crore.

Ambuja Cements March period PAT witnessed growth at 7 percent at Rs 409 crore

Motilal Oswal has appeared with its revenue estimates on cement sector for the period which lasted on March. Ambuja Cements, according to a research company, the period sales are likely to increase by 11 percent at Rs 2211.2 crore year-on-year YoY basis.

HCL Tech March period PAT witnessed increased by 9 percent at Rs 405 crore, MOST says

Motilal Oswal has appeared with its revenue estimates on IT sector for the period that lasted on March 2011. HCL Technologies, according to a research company, the period sales are likely to increase by 4.6 percent at Rs 4041.4 crore, quarter-on-quarter, (QoQ) basis.

Rallis India March period PAT witnessed increased by 56.6 percent at Rs 34.2 crore, UNICON says

Unicon Investment has emerged with its profit estimates on agrochemicals space sector for the period ended March 2011. Rallis India, according to a research company, March period profit fro opearations is likely to increase by 46.8 percent at Rs 282.3 crore, year-on-year (YoY) basis.

BSE Sensex dips 0.11% even as market remains strong

The BSE 30-share Sensex was down 21.02 points or 0.11% to 19,591.18. The Sensex rose 52.89 points at the day's high of 19,665.09 in mid-afternoon trade. The index fell 75.18 points at the day's low of 19,537.02 in mid-morning trade.

The S&P CNX Nifty was down 6.05 points or 0.1% to 5,885.70.

The BSE Mid-Cap index rose 0.98% at 7,264.29 and the BSE Small-Cap index gained 1.25% at 8,897.19. Both these indices outperformed the Sensex. The BSE Mid-Cap index has jumped 771.99 points or 11.89% in 13 trading sessions from a recent low of 6,492.30 on 21 March 2011. The BSE Small-Cap index has jumped 1,121.83 points or 14.4% from a recent low of 7,775.36 on 21 March 2011.

Market Breadth:

Positive 1926 Negative 1025 Unchanged 93
From the 30 share Sensex pack, 17 fell and rest rose.

FTIL, SBI, Alexandra Mauritius to weaken venture through MCX IPO

India’s prominent commodity exchange Multi Commodity Exchange of India (MCX) has submitted draft red herring prospectus with the market watchdog SEBI initial public offer of 6, 427,378 equity shares of Rs 10 each once more.

Shilpi Cable Tech to submit shares on April 8

Cables producer Shilpi Cable Technologies has set Friday, April 8 as a listing date for its equity shares. It has acquiredRs 55.88 crore via its initial public offering (IPO) at higher end of price band of Rs 65-69 per share.

Maruti Suzuki to evoke 13157 diesel engine cars

Maruti Suzuki India Limited has notified BSE concerning a Press Release dated April 06, 2011, titled “Maruti Suzuki to recall 13,157 Disesel engine cars’

Administration grasps ‘reject’ posture on CBI’s choice for 2G counsel

Startling the administration’s law representatives, the Central Bureau of Investiation (CBI) had offered senior advocate Uday Lalit to be the head prosecutor for the 2G spectrum scam trial in the previous week.

Reliance Industrial Infrastructure to deem dividend

Reliance Industrial Infrastructure Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 14, 2011, inter alia, to deem, the Audited Financial Results of the Firm for the period / year ended March 31, 2011 and recommendation of Dividend on Equity Shares.

Aircel obtains notice on network roll-out, Telecom ministry says

The telecom ministry has submitted notices to mobile operator Aircel asking why its telecoms licenses in three zones should not be postponed as it had fall short to achieve network roll out prerequisites, according to a government official on Wednesday.

Talwalkars drafts Rs 100 crore expansion schemes in FY12

Talwalkers launched its 100th branch at Ballygunge in Kolkata, on April 4. Over the past year, it has developed in Bareilly, Belgaum, Bhubhaneshwar, Bilaspur, Ghaziabad, Kota, Madurai, Rajkot, Rajahmundry, Trichy, and Trivanduram.

SEC resolution in ‘best interest of shareholders’, Satyam says

Mahindra Satyam achieved a resolution with the Securities and Exchange Commission (SEC) of the United States in the best interest of the firm and investors, according to the firm at the moment.

Steel Strips Wheels witnesses trades leading 15 lakh in FY 12

Steel Strips Wheels is likely to develop its wheel exports to 63 percent year-on-year in 2011-12 (April - March) to more than 15 lakh on fresh purchases from international automobile manufacturers.

ADB lower India’s GDP prediction to 8.2 percent on high oil costs

Swelling international oil rates and the RBI’s unyielding financial guidelines provoked the ADB to lower its development prediction for the Indian economy to 8.2 percent for the recent financial from the previous projection of 8.7 percent on Wednesday.

Norway PM concerned about India 2G row possibility to strike Telenor

Norway’s Prime Minister Jens Stoltenberg is concerned that Norweigan mobile operator Telenor may be mistakenly castigated in India’s telecom licensing graft rip-off.

Maruti Suzuki to evoke 13,157 diesel engine cars

Maruti Suzuki India is evoking 13,157 diesel cars whose engines were produced between November 13, 2010 and December 4, 2010. The exercise is to examine a faulty auto part, according to the firm.

Mahindra Satyam shares up following SEC resolution

Shares of Mahindra System increased over 9 percent on Wednesday, following a day the technology company approved to compensate USD 10 million to settle US investigations into an accounting fraud that in 2009 turned into India’s largest corporate rip-off.

High rates, costs to unhurried investment-driven stipulation, CRISIL says

CRISIL Ratings is likely to have higher interest rates and commodity costs to delay investment -driven stipulation in the nation, with increasing rates moderating retail demand, according to the firm’s pronouncement on Wednesday.

Supreme Infrastructure obtains 4 orders worth Rs 389 crore

Supreme Infrastructure India Limited has notified BSE concerning “New Contracts / Work Orders”.

Four Soft approves significant transaction with Vantec Corporation

Four Soft Limited has notified the Exchange concerning a press release which was dated April 06, 2011, with the title “Four Soft Significant Contract with Vantec Corporation”

Diamond Power obtains strategic venture in Utkal Galvanizers

Diamond Power Infra Limited has notified the Exchange vide its letter dated April 06, 2011 concerning a press release with the title “Diamond Power Acquires Strategic Stake in Utkal Galvanizers Limited”

Octant approves transaction for 1000 acres of land for Castor Contract Farming

Octant Interactive Technologies Limited has notified BSE concerning “Octant Signs Agreement For 1000 Acres of Land For Castor Contract Farming”

BSE Sensex slumps 0.08% despite of almost every sector increase

The BSE 30-share Sensex was down 14.91 points or 0.08% to 19,686.82. The Sensex fell 178.19 points at the day's low of 19,523.54 in afternoon trade. The index gained 68.48 points at the day's high of 19,770.21 at the onset of the trading session, its highest level since 7 January 2011.

The S&P CNX Nifty was up 1.60 points or 0.03% to 5,910.05, its highest level since 6 January 2011. The Nifty struck a high of 5,928.65 in early trade.

The BSE Mid-Cap index rose 0.79% and the BSE Small-Cap index rose 1.38%. Both these indices outperformed the Sensex.

Most of the sectoral indices on BSE were in the green. The BSE Consumer Durables (up 1.58%), BSE Metal index (up 1.21%), BSE Teck index (up 0.61%), BSE Realty index (up 0.6%), BSE IT (up 0.51%), BSE PSU index (up 0.47%), BSE Auto index (up 0.32%), BSE Healthcare (up 0.24%), BSE Power index (up 0.13%) and BSE Capital Goods index (down 0.04%) outperformed the Sensex.

The BSE Oil & Gas (down 0.46%), BSE FMCG (down 0.4%) and BSE Bankex (down 0.23%) underperformed the Sensex

The total turnover on BSE amounted to Rs 3681 crore, higher than Rs 3212.45 crore on Monday, 4 April 2011.

Market Breadth:

Positive 2009 Negative 931 Unchanged 74
From the 30 share Sensex pack, 18 fell and rest rose.

Suven Life Sciences facility obtains US FDA approval

Suven Life Sciences on Tusday told that its bulk drug production plant at Pashamylaram, which is close by Hyderabad has obtained approval from the US Food and Drug Administration.

Suzlon obtains exchange cost for USD 150 million bond issue

Suzlon Energy on Tuesday has told that it has arranged the initial conversion cost of the USD 150 million convertible bonds at Rs 54.01 per share. Suzlon had declared on Monday it would submit foreign tender convertible bonds in 2016.

L&T; obtains financial closure for Rs 12132 crore metrorail ventures

Construction major Larsen and Toubro (L&T) has attained financial closure for Rs 12,132-crore Hyderabad Metrorail Project, for which it would obtain financing from conglomerate of banks.

NMDC says foreign acquirements won’t top USD 500 million this year

Overseas acquirements by state-owned NMDC, India’s top iron ore miner, will not exceed USD 500 million this year, the firm’s prominent executive told at a mining conference on Tuesday.

US-based Allergan charges Lupin on eye drug

The subsidiary of Lupin has been charged by Allergan in the US. The US Company accuses that the Indian drug maker would be infringing its patent coverage by attempting to create and market a generic version of Zymaxid 0.5 percent (Gatifloxacin ophthalmic solution) in the market.

Nortel, Google in USD 900 million patent transactions

Bankrupt Nortel Networks has arrived at a transaction to trade its patent portfolio to Google for USD 900 million, kick-starting an auction process for assets desired as weaponry for a developing wireless patent war.

Tata did not split chemistry with Dayanidhi Maran

Tata Sons Chairman Ratan Tata at the moment admitted that he did not split share goods ‘chemistry’ with Union Minister Dayanidhi Maran but told that he did not control the selection of ministers at the time formation of the second UPA administration in 2009.

Enviable that PAC pulls out suo motu from 2G investigation: Chacko

Intimidating boom of the turf war with the Public Accounts Committee, JPC chairman on 2G spectrum rip-off PC Chacko at the moment said he may be obliged to inquire BJP leaders JAswant Singh and Yashwant Sinha to pull out from proceedings and desired the PAC to retreat from the spectrum probe suo motu.

US judge postpones non-US claims in opposition to Toyota

A US judge postponed claims in opposition to Toyota Motor Corporation carried by non-US car buyers on accusations that their vehicles lost value because of manufacturing defects, a tentative court ruling says.

Rajarantnam-Chiesi phone valves spice up trial

The jury in the high-profile Raj Rajaratnam insider trading trial heard plenty of racy language on phone valves on Monday, even if the judge had crossed out as being too risky.

BHEL may purchase German tech provider AE&E; Lentjes

Power equipment producer Bharat Heavy Electricals (BHEL) is aiming to purchase AE&E Lentjes in Germany to access its high-end circulating fluidized bed combustion (CFBC) boiler producer technology. CBFC is a combustion technology utilized in power plants.

Aditya Birla Group consider venture sale in Idea, according to accounts

The investors in control of Idea Cellular, Aditya Birla Group, is considering a sale of its venture in the mobile carrier and has held discussions with feasible investors MTN Group, according to accounts, quoting sources with knowledge of the issue.