MARKET NEWS Monday, July 29, 2013 Jaiprakash Associates hits 52-week low on Q1 earnings The company received an aggregate Rs 560 crore from sale of JP Infra shares and booked Rs 395 crore as exceptional gains. Finance cost also went up to Rs 590 crore against Rs 465 crore (YoY). UltraTech Cement net profit falls 13.5% in Q1 The company, part of the diversified Aditya Birla Group, reported standalone profit of Rs 673 crore for the April-June quarter, exceeding market estimates of Rs 619 crore, according to Thomson Reuters data. Net sales fell 2.2 per cent to Rs 4,958 crore. RBI does not accept any bid at inflation-linked government bond sale The central bank said there was no devolvement of the inflation-linked bonds on primary dealers. Colgate Palmolive net up 58% at Rs 185 crore in Q1 Net sales rose to Rs 845 crore against Rs 736 crore during the same period of previous financial year, Colgate Palmolive (India) said in a filing to the BSE. Colgate said sales volume grew at 9 per cent during the period led by a strong growth of 11 per cent in its toothpaste category. Indian Bank falls 8% on 31% drop in Q1 net profit Net interest income (NII) declined 4.9 per cent yoy to Rs 1,097 crore against Rs 1,153 crore in the corresponding quarter last year. GMR Infra appoints Kiran Kumar Grandhi as managing director Kiran Kumar Grandhi, 38, a member of the GMR family has considerable experience in leading projects and businesses in infrastructure space across sectors such as airports, highways, and corporate functions, the company said. Income tax returns: 9 tax saving options other than Section 80C You can also claim tax benefits for insurance premiums, medical expenses, higher education, donations, disability, etc. Gold imports rise in July: Chidambaram The measure to curb imports had effect in June, but imports had risen in July, said the Finance Minister, without giving details for the gold imports in tonnage or value terms for July. Rupee extends losses on stocks, ITC outflows Dealers also cited outflows to the tune of $250 million related to dividend payments by ITC. For the year ending March 2013, ITC has declared an equity dividend of Rs.5.25 per share. New Delhi is seeking higher foreign investments to fund the current account deficit, which hit 4.8 per cent of the GDP in the fiscal year that ended in March. A swollen deficit has helped make the rupee the worst performing emerging Asian currency, which has been down over 9 per cent since the beginning of May.
Posted on: Mon, 29 Jul 2013 12:16:02 +0000
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