Friday, August 26, 2011

Market Report


NSE to launch derivatives on S&P, Dow
Bharti Airtel adds 1.5 m mobile users in July
Suzlon arm REpower gets 50 mw wind turbine order in Canada
SREI Infra Finance to raise $1-bln fund
Union Bank of India picks 6 banks for offshore bond: Sources
Ajanta Pharma gets UK MHRA approval for Aurangabad facility
Sthithi Insurance increases stake in Zylog
Food inflation rises to 9.80% for week ended Aug 13
Arshiya Intl to spend 1.5 bln rupees to hike rail capacity
Monsanto earmarks $10 m to promote agriresearch in India
RIL sublets sole drilling rig to Malaysia's Petronas
JNPT to raise Rs 1500 cr through tax free bond issue
Kingfisher owes over Rs 200 cr to AAI
Tree House to list today



Thursday, August 25, 2011

Market Report


Moody's cuts Japan debt rating for first time since '02
Govt aims to ease FII entry in infra finance bonds: Sources
SAIL to appoint more than 1,000 dealers in current fiscal
Infosys BPO scouting for buyouts
PME Power plans Rs 115cr investment for 3 units
HPCL mulls infusing Rs13k cr to boost Vizag refinery output
Mahindra Satyam to approach court against Rs 2,114 crore I-T notice
FDI in telecom sector at Rs 5,434.48 cr in June
Coal India mines face 40,000 tonns a day loss from shutdown
Tata Power seeks power projects outside India
Bharti paid highest revenue of Rs1,177.48 crore in June quarter: TRAI
MTNL raises Rs500 crore from banks to repay debts
TD Power plans to reduce Rs 30cr debt with fund raising
MphasiS Q3 cons net profit down at Rs 195 cr
LT Construction bags Rs 1,340 crore new orders


Tuesday, August 23, 2011

Market Report


Gold climbs to record as economy, debt concern spurs demand
Religare Finvest to raise Rs800 crore via bonds next month
Gayatri Projects PE deals, rights issues delayed
Saif Partners invests $10 mn in Manpasand Beverages
Muthoot Finance to raise Rs6,000 cr in FY12
Godrej Properties to spend Rs 138.7 cr on projects, loan repayment
GVK Power Infra raises stake in BIAL to 43%
IT dept slaps tax demand of Rs 2,114cr on Mahindra Satyam
Videocon issues over 1.89 lakh shares on FCCB conversion
Sebi simplifies trading account opening procedures


Monday, August 22, 2011

Market Report


Additional 5 lakh tonnes of sugar exports: Govt
TCS leads race to acquire Lufthansa's IT subsidiary
Berger Paints to set up Rs 200 cr plant in Tamil Nadu
HDFC MF sells 1,50,000 shares of 3M India at Rs 4825.35
Morgan Stanley lowers India's 2012 GDP forecast to 7.4%
RCom puts tower unit on the block for $5 bn: Sources
SRS to invest Rs 100cr to open new screens
Bodal Chemical & Gayatri Project  listing  today


Friday, August 19, 2011

Market Report


Nifty plunges to 52-week low on global recession fears
India's annual average GDP growth at 6.6%: Govt
Oil firms losing Rs235 crore per day on fuel sales
Panacea shares fall 20 pct after WHO delists three vaccines
HCL Infosystems net plunges 83% in June qtr
BILT Q4 net up 15.42% at Rs 95.8 crore
Reliance Infra buys back 5 lakh shares
SunBorne achieves financial closure for its solar plant
Hotel Leela plans Rs 1000cr QIP to cut debt
Essar Energy to ink power purchase deal with Bihar State Electricity Board (BSEB)
Gujarat a preferred location for expansion: Maruti
HPCL in talks with  BP Plc and Total SA of France for $10 b Vizag project
Results of Cairn shareholder vote on Vedanta deal on 14 Sept
Lufthansa to sell 51% stake in IT unit; Tata, IBM top bidders: report

Thursday, August 18, 2011

Market Report


Govt public debt in Q1 up 6% at Rs 31,49,996cr
FO cues: Total Stock Futures OI shed 43.93 lakh shares
Govt clears 18 FDI proposals worth Rs 123cr
GTL approaches Delhi High Court to challenge IFCI
Strike at DRL's plant enters 5th day; production affected
Ansal Properties sells 9.54 million sq ft in Apr-Jul
Orchid Chemicals’ Chennai unit resumes production
Suzlon Energy receives 48.3 MW repeat order
Sahara Power, Korean firm to set up 6KMW power plants
LIC hikes stake in Tata Steel
Axiata ups Idea stake to 5.91%; buys shares worth Rs 306cr
IIFCL plans to raise Rs 11000cr through bond issues by FY12
KS Oils down on account of pledged share sales
Coal India overtakes Reliance Industries as the no 1 company by market cap

India Infra Fin to take over Rs 600cr IDBI Bank loans
Manappuram to raise Rs 750cr
Avantha Holdings pledges 1.19% stake in BILT



Wednesday, August 17, 2011

Market Report


Lanco Infratech slumps 11 per cent on dip in Q1 net profit
Unity Infra Q1 net profit up at Rs19.6 crore
Supreme Infra Q1FY12 profit rises 64% to Rs25.57 crore
India's illicit financial outflows estimated at $462 bn
Cox Kings Q1 cons net profit up 51% at Rs 38 cr
Amara Raja Q1 net up 9.24% at Rs 3.90cr
IFCI, Sycamore Ventures launch $500 mn infrastructure fund
MBL Infrastructures bags Rs 212cr road project in MP
Jindal Poly expects 25% boost to margins through cost hike
NIIT Tech acquires Spanish firm Proyecta Sistemas for $7m
Oil signs MoU with HPCL to jointly pursue biz opportunities

Tuesday, August 16, 2011

Market Report


FIIs offload shares worth $1.5 bn in first 12 days of Aug
Pipavav Defence to buy 51% stake in ship design firm
TV18 Broadcast Q1 net profit stands at Rs21.12 crore
Piramal Glass Q1 net profit zooms 79% to Rs32 crore
Lanco Infratech surges after favourable court ruling on Griffin
Atlanta wins road contract worth Rs917 crore from Bihar govt
Tata Steel Q1 net triples on Riversdale stake sale
SBI Q1 net profit down 45.7% at Rs 1,583 cr
Reliance Comm Q1 net drops 37%, lags forecast
LT Finance Holdings slips below issue price
Cliffrose Investment sells 66 lakh shares of DB Corp
Swiss Finance sells 18.51 lakh shares of Prestige Estate
HDIL allots 40 lakh convertible warrants; stock up
Wipro touches 52week low
Jindal Poly approves buyback at upto Rs 350/share
Virginia Retirement buys 2.59 lakh shares of Aptech
Sicom sells 25.78 lakh shares of KS Oils
Jhaveri Trading buys 4 lakh shares of Excel Infoways
JP Morgan buys 3 lakh shares of PI Industries
Mercator Lines Q1 net profit down at Rs 14.7 cr
Jindal Saw Q1 PAT down at Rs 82.8 cr
BPCL net loss at Rs 2562cr, no clarity on subsidysharing
Tech Mahindra Q1 cons PAT up 201% at Rs 277 cr
Ambuja Cements Q1 PAT up 2% at Rs 15 cr
Ahmednagar Forg Q1 PAT up 35% at Rs 27 cr
Bharati Shipyard Q1 net profit down at Rs 17.3 cr
Unitech Q1 cons PAT down 45% at Rs 98.4 cr
Hindalco Q1 net profit up 21% at Rs 644 cr
Fortis Q1 PAT at Rs 14.03cr, prepares for next growth phase
HMT Q1 net loss at Rs 22.5 cr
Reliance MediaWorks Q1 net loss widens to Rs 92.21cr
EdServ posts 6% jump in Q1 net profit to Rs 7.30 cr
JP Associates Q1 net profit down 79% at Rs 107 cr
Coal India Q1 PAT soars 64% to Rs 4143 cr
Emami Q1 cons net up 18% to Rs 41.50 crore
SCI Q1 net loss at Rs 5.9 cr
Reliance Capital Q1 consol net profit down at Rs 34.8 cr
GTL Infra Q1 net loss at Rs 83.9 cr
Tata Motors tumbles on poor Q1 results, slowdown fears
HGS acquires 3i Infotech’s HRO business
Aditya Birla Nuvo Q1 net profit up 70% at Rs 253cr



Friday, August 12, 2011

Market Report


Nifty ends below 5150; banks, realty decline
Food inflation rises to 9.90% from previous 8.04%
Alibaba.com Q2 net profit up 29%, beats forecasts
Tata Motors profit flat at Rs 1,999 crore, lags forecast
Kingfisher crashes to one-year low, down 6% on Q1 losses
Bartronics Q1 net profit up 37% at Rs31 crore
Varun Industries Q1 net profit zooms 59% to Rs18.5 crore
Financial Technologies Q1 net profit down 13%
GSK Pharma Q2 net up 14% at Rs147 crore
Apollo Tyres Q1 cons net profit up at Rs 77 cr
Nitin Fire Protection Q1 cons net profit up at Rs 23.7 cr
Sakthi Sugars Q1 net loss at Rs 10.4 cr
Fresenius Kabi Q1 net profit down at Rs 10 cr
Shree Renuka Q3 cons net profit up 108% at Rs 187 cr
Amtek Auto Q1 cons net profit up 122.5% at Rs 178 cr
West Coast Paper Q1 net profit up at Rs 15.5 cr
Jubilant Foodworks Q1 net profit up 51.6% at Rs 23.2 cr
Shilpa Medicare Q1 net dips 14.26% at Rs 10.76 crore
Zylog Systems Q1 net up 27.5% at Rs 45 cr
Tehri Hydro signs up for $648m loan with World Bank
Castrol Q2 net profit at Rs 143 cr
Ansal Properties Q1 net profit at Rs 53.1 cr
Parsvnath Developers Q1 cons net profit at Rs 25.8 cr
Punj Lloyd Q1 PAT likely to be at Rs 16cr
Govt approves 10% stake sale in NBCC
Atlanta gets Bihar road contract
Manappuram Finance to raise Rs 750 cr via bonds



Thursday, August 11, 2011

Market Report


Markets gain on global rebound; IT cos rise
TCIL defers Bharti Hexacom share sale
Core Projects bags Rs 124 crore order from Gujarat govt
Exceptional gains boost Tata Global Beverages Q1 profit
Deposit mobilisation shrinks to 7.5% in Punjab banks
Shriram City Union Rs 750 crore NCD offer opens today
NHPC to raise Rs 2000 crore by March
Adani forms JV to develop coal blocks in Rajasthan
Kingfisher Airlines Q1 net loss at Rs 263 cr
Advanta India Q1 cons PAT up at Rs 17.3 cr
IOC dips nearly 4% on poor Q1 results
LT Finance Holdings to list shares on August 12
Bombay Rayon Fashions Q1 net profit up 9% to Rs57 crore
Bharat Forge Q1 net profit jumps 64% to Rs97.42 crore
Lanco Solar commissions solar PV power plant for PEDA
VNL rural telephony solution gets certification from USOF
Goldplus ties up with Muthoot Finance
Microland inks $55 mn IT services deal with Serco
MTNL Q1 net loss at Rs 850 cr
Bharat Forge-MIDC to set up 4,500 hectare SEZ
ILandFS Engg Q1 net loss at Rs 14.1 cr



Wednesday, August 10, 2011

Market Report


Brent crude dips below $100 on economy fears
Reliance Industries hits 52week low
Jubilant Life Q1 net rises 23% on volume growth
Dabur India sets up new subsidiary in Sri Lanka
ITC hikes Classic cigarettes price by 10%
Mahindra Satyam to stop ADS programme in 2012
IIFL raises Rs 725 crore through NCDs, shows prov data
Ipca Labs acquires UKbased Onyx Research Chemicals
L&T bags $185 million contract for UAE gas pipeline project
Essar group firm ISL plans to delist from stock exchange
KEC International bags orders worth Rs 400cr
Gammon Infra sells 50% stake in 8 biomass power projects
Shriram City Union Finance Limited to raise up to Rs750 crore through  Secured Non Convertible Debentures
Geojit BNP Paribas forms JV with Bank of Bahrain and Kuwait
Hero MotoCorp to set up two new plants; unveils new brand



Tuesday, August 9, 2011

Market Report


Markets drop 1.8% on global economic uncertainty
LT Q1 net up 12% driven by healthy order inflow
JSW Steel to raise output at Karnataka plant
TCS to start a joint research lab in Singapore
Oil falls over $4 as US downgrade spurs growth concern
Accel buys 51% stake of British Telecom in Accel Frontline
PVR Q1 cons PAT up at Rs 15.5 cr
Tata Coffee Q1 cons PAT up at Rs 13.1 cr
EIH Q1 PAT at Rs 15.4 cr
Finolex Cables Q1 PAT down 12% at Rs 20.2 cr
Omaxe Q1 cons PAT down at Rs 20 cr
Shriram City Union to raise Rs 750 crore via NCDs
Mahindra & Mahindra Q1 net profit rises 8% on robust sales
ARSS Infra Q1 net profit rises 13.5% to Rs38.65 crore
Lakshmi Vilas Bank Q1 net profit rises 5% to Rs24.58 crore
Infinite Computer Q1 consolidated net profit up at Rs29.97 crore
Godrej Properties, Jet Airways sign development agreement]
IFC to invest $15 mn in biomass power firm

Friday, August 5, 2011

Market Report


Nifty ends below 5350; Ranbaxy, M&M, ITC down
Intas gets SEBI nod for IPO for raising Rs 800 crore
Lanco to invest Rs 13000cr to develop mine, power plant
Glenmark gets USFDA nod for hypertension tablets
Inventure Growth closes 78% higher on debut
Bombay Dyeing Q1 net loss up 33.33% at Rs 40 cr
Venus Remedies to outlicense 4 drugs in US, Europe
Jyothy Lab acquires 1.76% more stake in Henkel India
Tata Steel announces 7 m pound investment in Hartlepool
Potash import impasse ends; Tata, Coromandel ink deal with Canpotex
Adani Power net below forecast; disappoints market
TML may have to close Redi plant for want of iron ore




Thursday, August 4, 2011

Market Report


Markets end lower; capital goods shares fall
Reliance shuts oil production facilities in KGD6
Provogue India promoter pledges over 8 lakh shares
Future Capital Q1 net profit up 65% at Rs21.86 crore
Bharti Airtel Q1 cons net profit down 13% at Rs 1,215 cr
Ceat posts Q1 net loss at Rs 42 cr
Swaraj Engines Q1 net profit up 27% at Rs 13.5cr YoY
Oberoi Realty Q1 cons net profit up 33% at Rs 106cr
Hind Copper Q1 PAT up 132% at Rs 60.4 cr
StanChart H1 India operating profit slumps 39%
IOB to raise Rs 3500 crore for expansion
JSW shuts down 2 blast furnaces in Vijayanagar plant
IIFL group's public issue to open today
JK Cements to double production capacity to 600 tonne/day
ADAG cos fined Rs 5.59cr for shutting rural teleservices
Venus Remedies receives US patent approval for Vancoplus
WabcoTVS renamed as Wabco India Ltd
Tata Steel to line up capex from Riversdale stake sale
Firstsource net falls 67%, hurt by staff costs


Wednesday, August 3, 2011

Market Report


Tech, banks drag Nifty below 5500; weak global cues weigh
RIL’s KG-D6 produced 31% less gas than estimated: Govt
SAIL FPO put on hold for now: Chairman
Nonallocation of gas held up expansion plan: IFFCO
ILFS unit picks 3 banks for renminbi bonds: Sources
IIFL follows league, announces Rs 750 cr NCD issue
NCMSL enters into strategic alliance with Corporation Bank
Bhushan Steel secures $ 258-mn export finance
Wockhardt may sell nutritional ops for around Rs 1200cr
JSW Ispat signs $1.4 bn debt refinancing deal
JK Cement buys assets of Nihon Nirman for Rs 42 cr
Cognizant overtakes Wipro as third largest software exporter
Suzlon Energy promoters pledge 36% of their stake
DLF Q1 net profit down 55% at Rs 92.6 cr
RPP Infra Q1 net profit zooms 222% to Rs7.03 crore
Cognizant Q2 beats market estimates, sees upbeat Q3
Mahindra Forging Q1 cons net Rs 18 cr, versus year ago loss
Monnet Ispat Q1 net profit up at Rs 73.2 cr
Berger Paints Q1 net profit up 17% at Rs 37.2 cr



Tuesday, August 2, 2011

Market Report


Markets start Aug on firm footing; techs rise
Suzlon board approves Rs 5,000 cr fund-raising plan
Inventure Securities shares to be listed on Aug 4
Pfizer June qtr net up on other income boost
First State ups stake in India Idea to more than 5 pct
Vedanta gets formal approval for Cairn India deal
Blue Star Q1 net profit down 74% at Rs10 crore
Mahindra Fin Q1 net profit up 38% on lower NPAs
Idea Cellular Q1 net profit down 12% at Rs177.26 crore
Lupin signs deal with Eli Lilly for anti-diabetic drugs
Claris Life gets UK regulatory nod for Ahmedabad unit
Steel Strips up 4% on good July sales number
Havells Q1 net profit up 8% at Rs 57.6 cr
GlaxoSmithKline Consumer net profit up by 15% in Q2
Unitech sells 450 floors under Gurgaon project for Rs 350cr
ITC to hike cigarette prices of selective brands: Sources
Generix inks marketing agreement with two Japanese firms
Genpact opens centre in Sao Paulo
Mphasis to acquire US-based Wyde Corp
HSBC sheds 30,000 jobs, posts surprise profit rise
KEC Intl June Qtr net up 25%; record order book