research Broadcast: IDBI BANK POSTED JUL-SEP NET PROFIT OF 1.18 BLN RUPEES, DOWN 38.40% FROM A YEAR AGO. INTEREST EARNED WAS UP 4.8% ON YEAR AT 68.5 BLN RUPEES GODREJ CONSUMER PRODUCTS POSTED CONSOLIDATED JUL-SEP NET PROFIT OF 2.3 BLN RUPEES, UP 20.0% FROM A YEAR AGO. NET SALES WERE UP 4.6% ON YEAR AT 20.5 BLN RUPEES HATSUN AGRO PRODUCTS POSTED JUL-SEP NET PROFIT OF 102.72 MLN RUPEES, DOWN 66.78% FROM A YEAR AGO. NET SALES WERE UP 22.50% ON YEAR AT 7.44 BLN RUPEES. APAR INDUSTRIES POSTED JUL-SEP NET PROFIT OF 159.50 MLN RUPEES AS AGAINST 318.8 MLN RUPEES A YEAR AGO. NET SALES WERE UP 9.21% ON YEAR AT 12.33 BLN RUPEES (09:06) research Broadcast: JINDAL SAW WILL SEEK SHAREHOLDER APPROVAL AT ITS NOV 9 EXTRAORDINARY GENERAL MEETING TO RAISE AT LEAST 3.5 BLN RUPEES FOR PREFERENTIAL ISSUE OF 43.5 MLN COMPULSORILY CONVERTIBLE DEBENTURES TO ITS PROMOTER FOUR SEASONS INVESTMENTS. JSW ENERGY POSTED CONSOLIDATED JUL-SEP NET PROFIT OF 3.19 BLN RUPEES, UP 95.97% FROM A YEAR AGO. NET SALES WERE UP 11.56% ON YEAR AT 22.16 BLN RUPEES. IOC, HPCL, BPCL : PETROL IS CHEAPER BY RS 2.41 PER LITRE FROM SATURDAY AND DIESEL BY RS 2.25 PER LITRE WHICH IS ITS FIRST PRICE REDUCTION BY STATE-RUN RETAILERS AFTER THE GOVERNMENT ALLOWED THEM TO ALIGN ITS PUMP PRICES WITH THE INTERNATIONAL OIL MARKET. (09:07) research Broadcast: CAIRN INDIA SAID IT HAS STARTED TO INJECT POLYMER INTO WELLS TO RAISE OUTPUT FROM ITS LARGEST OIL FIELD IN THE PROLIFIC RAJASTHAN BLOCK, MANGALA. HAVING GOT PROMOTERS SHAREHOLDING DOWN TO 16.4 PER CENT FOLLOWING A RS 250-CRORE QIP ISSUE, PRIVATE-SECTOR DCB BANK HAS SAID IT WILL BE APPROACHING THE RESERVE BANK AGAIN SEEKING MORE TIME TO BRING IT FURTHER TO THE MANDATED 10 PER CENT RANBAXY LABORATORIES SAID LUXEMBOURG STOCK EXCHANGE (LSE) WILL DELIST THE COMPANYS GLOBAL DEPOSITORY RECEIPTS PROGRAMME WITH EFFECT FROM DECEMBER 15. (09:07) research Broadcast: LIC HAS REDUCED ITS STAKE IN TATA CHEMICALS BY OVER TWO PER CENT BY SELLING 52.87 LAKH SHARES IN THE OPEN MARKET. MILESTONE CAPITAL ADVISORS HAS SOLD ITS ENTIRE STAKE IN GODREJ PROPERTIES RESIDENTIAL PROJECT GODREJ PRAKRITI IN KOLKATA FOR RS 200 CRORE. THE EXIT IS VALUED AT 2.3 TIMES OF THE FUNDS EARLIER INVESTMENT THAT WAS MADE FIVE YEARS AGO, SAID TWO PERSONS FAMILIAR WITH THE DEVELOPMENT. INFOSYS HAS PULLED OUT OF ITS PROPOSED SOFTWARE DEVELOPMENT CENTRE AT AN INFORMATION TECHNOLOGY PARK NEAR THE BENGALURU INTERNATIONAL AIRPORT
Posted on: Mon, 03 Nov 2014 04:26:43 +0000
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