Friday, July 29, 2011

Market Report


ONGC Q1 net up 12% at Rs 4,095 crore, misses forecast
HCC April-June net plunges; to sell stake in unit
ITC Q1 beats estimates, net up 24% at Rs 1,330 crore
Eclerx’s Q1 net profit rises 20% to Rs35.2 crore
Titan Industries Q1 net profit jumps 76% at Rs143 crore
Bharatiya Global plunges 65.5% on debut
Welspun Corp's Q1 net profit down by 27.52% at Rs 119.11 cr
Aventis Pharma Q2 PAT up at Rs 49.7 cr
MRF Q2 net profit down at Rs 32 cr
Gujarat Pipavav Q1 net profit at Rs 10.9 cr
Tulip Tele Q1 cons net profit down at Rs 77.2 cr
Bata India Q2 net profit up at Rs 40.9 cr
JM Financial Q1 cons PAT down 17% at Rs 24.4 cr
Gujarat State Fert Q1 PAT at Rs 142 cr
High deposit costs restrict Corp Bank Q1 net at Rs 351 cr
NMDC Q1 PAT up 20% at Rs 1801 cr
Strides Arcolab gets USFDA nod for antidiabetic drug
PNB to buy 30% stake in Metlife India





Thursday, July 28, 2011

Market Report


Indian shares extend losses on high rates, weak global cues
Lupin Q1 net profit rises 7.03% to Rs210.1 crore
Dabur Q1 consolidated net profit up 19.1% to Rs127.74 crore
Blackstone to invest $111m in VISA Power
Trent Q1 net profit up 25% at Rs 10 cr
GIC Housing Fin Q1 PAT down at Rs 17.6 cr
GIC Housing Finance Q1 net profit down at Rs 17.6 cr
Orient Papers to demerge and list cement business
BGR Energy Q1 net profit down 17% at Rs 50.3 cr
Dewan Housing Q1 net profit up 29% at Rs 66 cr
Karur Vysya Bank Q1 net profit up at Rs 117 cr
Manappuram Finance Q1 net profit up 134% at Rs 108 cr
Birla Corp Q1 net profit down 5.4% at Rs 111.9 cr
Nagarjuna Fertilisers Q1 net profit down at Rs 26.8 cr
Alfa Laval Q2 net profit up 41% at Rs 30.8 cr
Panacea Biotec Q1 net dips 48.63%to Rs 16.72cr
ACC Q2CY11 PAT down 7% at Rs 326 cr (YoY)
Punj Lloyd bags Rs 330cr contract in Karnataka
Orient Paper to spin off and list cement biz
Canara Bank net down on higher interest costs
Cadila Health buys German animal healthcare co


Wednesday, July 27, 2011

Market Report


Indian stocks slide on higher than expected rate hike by RBI
Rohit Ferro to raise up to $20 mln via QIP: Report
Tata Sons revokes 6.93 crore shares of Tata Consultancy Services
Walt Disney offers to buy out UTV Software for around Rs2,000 crore
Cni infoXchange ties up with SBI
Maruti beats expectations, Q1 net up 18% at Rs549 crore
Lupin settles patent suit with Medicis over generic version of Solodyn
 ‎JSW Steel Q1 net profit jumps 64% to Rs485 crore
MARG bags Rs 237.58cr EPC project from Gujarat firm
Oil ministry sends letters to Cairn, Vedanta giving approval to deal
Bharatiya Global Infomedia to list shares on July 28
DCM Shriram Consolidated Q1 cons net profit at Rs 26 cr
United Phosphorus acquires majority stake in DVA Agro Brazil
TTML Q1 net loss at Rs 119 cr
Sara Cotton raises $6.4m for cotton farming in Ethiopia
MRPL Q1 net profit up 507% at Rs 173 cr (YoY)
Opto Circuits Q1 cons net profit up at Rs 116 cr
Alstom Projects Q1 PAT down 93% at Rs 6.3 cr
Merck Q2 PAT down at Rs 17.6 cr
Great Offshore Q1 profit up at Rs 54.9 cr
SEAMEC Q1 PAT at Rs 8.6 cr
Strides Arcolab gets USFDA nod for cancer injection
Cognizant to acquire CoreLogic India ops for USD 50m
LT Finance Holdings raises Rs 153cr from anchor investors
Mahindra Aerospace, Eurocopter ink MoU
NMDC's Q1 iron ore production rises 7% to 6.1 MT
Glenmark profit rises 23.2%
SKS to raise $203 mn via share sale; posts Q1 loss






Tuesday, July 19, 2011

Market Report

Indian stocks fall on grim global economy
Food min issues sugar export order for 1.56 lakh tonne
Rolta India acquires public safety firm
Polaris, Bangladesh banks to enter JV for IT solutions
iGate Patni bags $30 million IT deal from US firm
US ExIm Bank approves $1.4bn loans to Indian cos
Zee Entertainment announces up to Rs 700cr share buyback
Venky's to spend Rs 107cr over 18 months on expansion
BHEL commissions India's first 525 MW thermal set
NTPC's arm to export 250 MW power to Bangladesh
IMFA buys 70% stake in Indonesian coal firm for USD 8.7m
Pratibha Industries led consortium bags Rs 1,249cr orders
US drugstore chain Rite Aid sues Ranbaxy
LIC, Franklin up stake in RIL; buy shares worth Rs 200cr
SAIL merges MEL, plans Rs 1.5K cr infusion
Essar Ports commissions Rs 1K cr 12MT expansion at Vadinar
Steel Strips Wheels bags $33m contract from BMW
FE Clean Energy invests $40 mn in NRPL
Suzuki signals rift with Volkswagen over partnership
ING Vysya June quarter net rises 36%
Alstom bags 3 hydropower contracts worth Rs 270 cr


Monday, July 18, 2011

Market Report

Infosys, TCS top losers in m-cap last week
Tata Group to launch Rs 32,000 houses for rural market
Orient Hotels' promoters pledge over 19.23 lakh shares
United Spirits promoter group pledges 11.71 lakh shares
Wipro's Rs 1,812 cr contract with ESIC may be in trouble
SCI places order with Chinese yard for container vessel
Alexandra Mauritius sells 27 lakh shares of Suraj Diamonds
Suzlon bags Rs 650 cr order from Orient Green Power Co
Jagran Prakashan completes promoters' stake consolidation
PSL bags orders worth Rs 1000 cr in Q1 of FY12
Lowcost car project with RenaultNissan on track: Bajaj
Tata BP Solar to complete project for Electrical Mfg by Dec
IPL to invest Rs 1,500 crore for setting up a greenfield port
Maruti’s Manesar plant workers boycott union election

Friday, July 15, 2011

Market Report

Nifty ends flat; realty, banks, pharma gain
Govt considering 10% stake sale in Oil India
M&A activity falls by 27% in H1
RTU signs MoU with Wipro
Five more promoters of JPL transfer stake to JMNIPL
Shree Renuka Sugars' promoter pledges more shares
Sun Pharma Advanced to raise Rs 200 cr;stock up
Sonata Software Q1 net profit at Rs 11.89 cr;stock down
Tata Consultancy Services adds 24 clients in Q1
TCS Q1 net profit flat at Rs 2,380 cr
Max India promoter firm pledges 6 lakh shares
Hero pays Rs 811 crore tax on Honda stake buyout: CBDT
EPFO appoints SBI, 3 others to manage Rs3.5 lakh crore corpus
Orchid Chemicals gets USFDA approval for anti-depression capsule
Bajaj Auto Q1 PAT jumps 20.5% at Rs 711 cr
South Indian Bank Q1 NIM falls to 2.80%, net profit up 41%
Shipping Corp signs shipbuilding contract with China company
SBI, four others shortlisted to manage EPFO’s Rs 3.5 lakh crore
Manappuram Finance in 10-yr transformational IT deal with IBM
IPL to invest about Rs 300 crore on sugar plant in Bihar
Vanesa lines up Rs 150 cr for buy-outs, expansion over 3 yrs




Thursday, July 14, 2011

Market Report


Markets end higher on short-covering, bargain buy
RBI to bring out weekly data on Reserve Money
Motherson Sumi to acquire 80% stake in Germany’s Peguform
Bajaj Finserv Q1 cons net profit up 95% at Rs 129 cr
Readymade Steel plunges 38.5% on debut
NIIT Tech signs $85 mn JV pact with Morris Communications
PFC in talks with NPCIL for lending Rs 12000 cr for power projects
India no longer outsourcing hub as UK cos move work back home
Century Ply expects new plants to fetch Rs 800 cr revenue
Tech Mahindra signs global partnership with Redknee

Wednesday, July 13, 2011

Market Report

Indian stocks plunge on low IIP; weak Infosys earnings
Bharti, IBM ink 10-year agreement for IT solutions in Africa
Readymade Steel India to list shares  today
Mphasis' client Santander shifts call centers out of India
Aetna International acquires 100% stake in IHO
Magma Q1 profit falls 6%, but posts higher NIM
HUL ties up with Bharti Retail to promote plastic recycling
US biopharma firm in pact with four Indian companies
Vedanta acquires 10% in Cairn India for $1.5 bn
JSW Energy's promoter JSW Investments pledges 8.78% stake
Geojit BNP Paribas Q1 net slumps 30% at Rs 4.3cr
Kohinoor Foods get shareholders nod for JV with US firm





Tuesday, July 12, 2011

Market Report

Urja Global plans to raise Rs 2000cr this fiscal
NIIT Tech bags multi-million pound deal from Eurostar
IndusInd Bank Q1 net profit up by 52% to Rs180.18 crore
JSW Steel gets carbon credits worth Rs 43.6cr
Glenmark gets $25m from Sanofi as final upfront payment
Rel Power's project to earn over Rs 1k cr in carbon credits
Govt allows exports of 1m tonne of basmati rice
Orchid Chemicals facility gets closure notice; shares fall
Airtel Digital TV, Viacom 18-Colors partner for movie content
Essar Oil posts Rs 469 cr Q1 profit on higher refining margins
Promoter group entities pledge shares in ZEEL, Zee News
CMC Ltd, a Tata subsidiary, post 25% drop in net profits
NTPC raises $500 million through bonds


Monday, July 11, 2011

Market Report

Markets end 1.3% lower after choppy trade
RBI fines 48 banks for violation of KYC, AML norms
Govt allows fertiliser cos to fix DAP prices
Mining cos lose Rs 34Kcr market cap on draft bill worry
Nitin Fire board approves fund raising of upto $100 mn
Forex reserves jump by USD 6.70bn
June exports rise 46.4% to $36.9 billion
Airbus has orders worth $35 bn from India
Rel Power's Krishnapatnam UMPP in trouble
Private equity investments in India touch USD 6.3 bn
Orchid Chemicals promoters pledge 22.35% stake
SBI says no to funding of realty projects in disputed areas
NTPC to receive Rs 10,000 cr loan from SBI
HDFC Q1 net profit up 22% to Rs 845 crore
SKS Microfinance jumps 20% for 2nd consecutive day
TCS, Infosys, Wipro profit margins to fall as US customers cut rates






Friday, July 8, 2011

Market Report

Markets end 1.8% higher on firm Asia
IFC to invest $2.7 mln in Jain Irrigation unit
iGate may reduce stake in Patni Computer Systems: Sources
Birla Pacific Medspa closes with 153.5% premium on Day 1
Rushil Decor rises over 65% on debut
Lupin gets tentative USFDA approval for Pregabalin capsules
JB Chemicals gets shareholders' nod to sell OTC biz
Kingfisher shares fall as promoters pledge holding
LT Finance places shares worth Rs 330cr with US PE fund
MMTC to supply iron ore to Japan mills, Posco for 3 more years
Tech Mahindra bags IT contract from Microsoft

Thursday, July 7, 2011

Market Report


Indian stocks close flat after lackluster trade
RBI caps bank investments in liquid, short-term debt funds
FIIs infuse Rs 17k cr in stocks, bonds in H1 of 2011
DRL get USFDA import alert for Mexican facility;stock down
Godrej Consumer rises on report it may end Hershey venture
Unitech surges 3.5% on bourses on mall development buzz
Farm mechanisation is driven by lack of labour: VST Tillers
VodafoneEssar deal not approved by FIPB
Morgan Stanley downgrades Dish TV on expensive valuations
Lupin gets USFDA approval for hypertension drug
IFFCO FY11 net up 97.5% at Rs 792 cr
GMR Airports Holdings gets Rs 585cr from a few investors
United Breweries pledges entire Kingfisher Air stake
NCL sells majority stake in power division to Oriental


Wednesday, July 6, 2011

Market Report


ONGC set to start production from KG basin by month end
Rushil Decor & Birla Pacific Medspa  to list shares on July 7
BT Group to stay invested in Tech Mahindra
Morgan Stanley Mauritius sells 24 lakh shares of S Kumars
Karvy Computershare to acquire majority stake in Bahrain co
Varun Industries finds heavy mineral deposits in Madagascar
Got court clearance on JV with Dassault Systemes: Geometric
TDSAT stays Rs 250 cr penalty on Idea pending HC judgement
Nagarjuna Fertilisers buy back pledged shares
Coromandel inks pact with Qatar firm for urea supply
Saregama buys 10% stake in Timbre Media
PVR buys out JP Morgan, Advantage Fund from group firm


Tuesday, July 5, 2011

Market Report


Market missing thrill, will stay low until Infosys results
Firms can refinance foreign debt without RBI approval
NSE launches treasury bill futures trading
CIL invites global bids for Rs 150cr expansion proposal
Idea-Spice merger derails; HC imposes Rs 1 cr penalty on Idea
FDI shoots up 111% at USD 4.66 bn in May
Kanoria Chemicals hopes to invest in solar energy of 23MW
Orissa asks NTPC to close 2, 000 MW Talcher power plant
Future Capital, Pantaloon up on stake sale report
Tata Power achieves full-load generation at Maithon project
Kale Consultants sells 49% stake in Synetairos Technologies
JLL launches separate consultation arm for nonrealty firms
Microlender Ujjivan raises Rs 23 cr via pvt placement

Friday, July 1, 2011

Market Report


Firm global cues, easing food prices lift Indian shares
RBI allows issuing equities against capital good imports
Govt conditionally approves Cairn-Vedanta deal
CairnVedanta deal cleared with riders
Advanta raises USD 50 million through FCCBs
India-Malaysia FTA to be effective from tomorrow
Coffee Day buys 5.75% stake in MindTree
Reliance Broadcast to invest around Rs200 crore in FM radio segment
NTPC to invest Rs 6,600cr in coalbased power project
MindTree expands strategic partnership with Getronics
Yash Birla Group acquires 51% in Mansycom Consultants