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Moneylife Digital Team 02 August 2010
Tissue culture plants and bio informatics  company Mavens Biotech Ltd said it signed a memorandum of understanding (MoU) with Bangalore-based Garuda Group to develop projects in real-estate, township development and other infrastructure related areas. This joint venture (JV) has already...

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Moneylife Digital Team 02 August 2010
Gurgaon-based GlaxoSmithKline Consumer Healthcare Ltd said its net profit for second quarter ended 30 June 2010 increased to Rs71.8 crore from Rs55.1 crore a year ago. During the April-June quarter, its total revenue increased to Rs552.5 from Rs486.3 crore, it said in a regulatory filing.

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Moneylife Digital Team 02 August 2010
India Cements Ltd said its first quarter net profit fell to Rs25 crore as against the net profit of Rs144.3 crore during the same quarter last year. The company's total revenue decreased to Rs909.2 crore in the June 2010 quarter from Rs960.2 crore same quarter a year ago. On Monday, India...

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Moneylife Digital Team 02 August 2010
State-owned gas transportation company, GAIL (India) Ltd reported a first quarter net profit of Rs886.9 crore compared to Rs655.9 crore for the same quarter last year. During the June 2010 quarter, its total revenue increased to Rs7,163.5 crore from Rs6,119 crore. On Monday, GAIL shares rose...

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Moneylife Digital Team 02 August 2010
Larsen & Toubro Ltd (L&T) said it won orders, worth around Rs6,500 crore from Jaiprakash Power Ventures Ltd (JPVL) to set up mega power plant in Uttar Pradesh. The scope of work includes supply, erection and commissioning of boiler-turbine generator package, critical piping, electrostatic...

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Ravi Samalad 02 August 2010
Its competitors have a PE between 22.80-42.90, while Bajaj’s PE works out to 22-23 on a post-issue EPS basis Hair-oil producer Bajaj Corp Ltd is entering the capital markets with its initial public offering (IPO) to raise Rs283.50 crore-Rs297 crore through a 100% book-building issue. Bajaj...

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The High Level Coordination Committee has just functioned as a coffee club for regulatory heads It is hard to believe that three of the four ‘independent’ regulators have dared to protest against an ordinance passed by the government in early July giving statutory powers to the finance...

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Ravi Samalad 02 August 2010
Non-receipt of dividends and redemption proceeds remains the biggest worry for mutual fund investors  Non-receipt of dividends and redemption proceeds remains the biggest worry for mutual fund investors. For instance, if an individual has invested in four different schemes and has provided an...

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Ravi Samalad 02 August 2010
Non-receipt of dividends and redemption proceeds remains the biggest worry for mutual fund investors  Non-receipt of dividends and redemption proceeds remains the biggest worry for mutual fund investors. For instance, if an individual has invested in four different schemes and has provided an...

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Ravi Samalad 02 August 2010
Non-receipt of dividends and redemption proceeds remains the biggest worry for mutual fund investors  Non-receipt of dividends and redemption proceeds remains the biggest worry for mutual fund investors. For instance, if an individual has invested in four different schemes and has provided an...

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Munira Dongre 02 August 2010
BAJAJ AUTO (Q1) - Zooming ahead of competition Results were within expectations though sales were on the higher side and profit was on the lower side. All segments did well - motorcycles up 72%, two-wheelers up 71%, three-wheelers up 58% and exports up 82%. Margins went up slightly due to...

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Munira Dongre 02 August 2010
BAJAJ AUTO (Q1) - Zooming ahead of competition Results were within expectations though sales were on the higher side and profit was on the lower side. All segments did well - motorcycles up 72%, two-wheelers up 71%, three-wheelers up 58% and exports up 82%. Margins went up slightly due to...

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Moneylife Digital Team 02 August 2010
New Delhi: The country's leading bourses are gearing up to start trading in currency options, a move that provides another alternative to traders for hedging against currency fluctuation, reports PTI. While, the MCX Stock Exchange (MCX-SX) has started mock trading in currency options, two other...

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Munira Dongre 02 August 2010
To start off, here a few general observations: * MNCs: The Reserve Bank of India circular removing the cap on royalty payment has paved the way for increased royalty or trademark fees to MNC parents. * The next quarter will definitely not be favourable for cement. Too much capacity coming in,...

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Munira Dongre 02 August 2010
To start off, here a few general observations: * MNCs: The Reserve Bank of India circular removing the cap on royalty payment has paved the way for increased royalty or trademark fees to MNC parents. * The next quarter will definitely not be favourable for cement. Too much capacity coming in,...

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Moneylife Digital Team 31 July 2010
The market started the week on a soft note ahead of the Reserve Bank of India's (RBI) monetary policy announcement on 27th July. Taking the lending and borrowing rate hike by the central bank in its stride, the market ended in the positive terrain the next day. However, the market remained...

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Moneylife Digital Team 30 July 2010
Glenmark Pharmaceuticals Ltd said its unit Glenmark Generics started marketing and distribution of cyclobenzaprine hydrochloride tablets in the US market. Cyclobenzaprine Hydrochloride tablets are the generic version of Flexeril tablets of McNeil Pediatrics. These tablets are used as an adjunct...

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Moneylife Digital Team 30 July 2010
Financial services advisory and brokerage India Infoline Ltd said its first quarter net profit fell to Rs26.3 crore from Rs44.5 crore same period last year. Its total revenues increased to Rs169.8 crore in the first quarter of the current fiscal, from Rs162.1 crore in the corresponding quarter...

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Moneylife Digital Team 30 July 2010
ABB Ltd said its net profit for second quarter ended 30 June 2010 fell to Rs38.3 crore from Rs83.6 crore during the corresponding period last year on lower orders. During the April-June quarter, its sales declined 4% to Rs1,446 crore. ABB said, during the second quarter, it received order...

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Moneylife Digital Team 30 July 2010
Hindustan Construction Company Ltd (HCC) registered a net profit of Rs28.3 crore for the quarter that ended on 30 June 2010 as compared to Rs18.2 crore for the same quarter a year ago. During the April-June quarter, the Mumbai-based developer’s total revenues rose to Rs998.4 crore from Rs 877.9...

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