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Moneylife Digital Team 08 November 2010
Jubilant Foodworks India Ltd said its net profit for the September quarter zoomed 137.3% to Rs18.4 crore from Rs7.8 crore last year. Its total revenues for the September 2010 quarter rose 67% to Rs163.4 crore from Rs97.8 crore, Jubilant Foodworks said in a statement. At present, the...

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Moneylife Digital Team 08 November 2010
Jain Irrigation Systems Ltd said its standalone net profit for the September 2010 quarter rose 45.7% to Rs62 crore from Rs42.6 crore previous year. Its total revenues increased 14% to Rs641.1 crore from Rs562.6 crore, Jain Irrigation said in a regulatory filing. On Monday, Jain Irrigation...

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Moneylife Digital Team 08 November 2010
HCL Technologies Ltd said it signed a deal with Australia-based independent clinical research organisation, Novotech for implementing Oracle's Siebel Clinical Trial Management System (CTMS) over the next few months. No financial details were provided. The Siebel CTMS will support Novotech's...

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Moneylife Digital Team 08 November 2010
Drug firm Glenmark Pharmaceuticals Ltd said it successfully completed phase-III trials of Crofelemer, its anti-diarrheal drug used for HIV associated diarrhea. The completion of the Phase-III trial was announced in the US by Glenmark's partners Napo Pharmaceuticals and Salix Pharmaceuticals,...

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Moneylife Digital Team 08 November 2010
Stories of market manipulation Vax Housing Finance Corporation (Rs72) This is a company engaged in investment and trading in securities. Between 2 July 2010 and 11 October 2010, the stock has soared 583%. In the March 2009 quarter, Vax Housing’s sales were Rs10 lakh, while operating...

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Moneylife Digital Team 08 November 2010
New Delhi: The Supreme Court today issued notices to Anil Dhirubhai Ambani (ADA) group company Reliance Power (RPower) and the Centre over Tata Power's plea opposing government's approval to the ADA group firm for diverting coal meant for its Sasan ultra mega power project to other projects,...

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Moneylife Digital Team 08 November 2010
DSP BlackRock MF unveils DSP BlackRock FMP-12M-Series 9; L&T Mutual Fund introduces L&T FMP-II (November91D A); SBI Mutual Fund launches SBI Debt Fund Series-370 Days-8; Taurus MF files offer document with SEBI to launch Taurus Fixed Maturity Plan Series A to E DSP BlackRock MF unveils DSP...

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Moneylife Digital Team 08 November 2010
Mumbai: Anil Ambani-led Reliance Power (RPower) on Sunday announced a deal to secure $5 billion (nearly Rs22,000 crore) in funding from the US Export Import Bank for gas-based and renewable energy projects totalling about 9,000 MW here. The deal, which coincides with the three-day visit of US...

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Moneylife Digital Team 08 November 2010
The Indian market is likely to open in the green today with the indices expected to strike new all-time highs, continuing the splendid performance seen last week. The US markets closed with marginal gains on Friday while most Asian markets were trading higher in early trade on positive US jobs...

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Moneylife Digital Team 06 November 2010
The Reserve Bank of India's (RBI) monetary policy review on Tuesday and the fresh stimulus announced by the US Federal Reserve on Wednesday took the key indices to new 34-month highs at the end of the holiday-shortened week. This apart, a slew of positive domestic economic indicators and...

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Moneylife Digital Team 04 November 2010
Signs of easing of the global economy brought about by various central banks boosted global markets today and India was no exception. The market picked up the festive fever and the Sensex finished at a new all-time closing high today.  The market opened in the green today on signs of easing of...

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Moneylife Digital Team 04 November 2010
ICSA (India) Ltd, said its net profit for the September 2010 quarter stood at Rs29.4 crore from Rs27.8 crore in the same quarter last year. During the September 2010 quarter, the power sector technology solutions provider said its total revenues grew to Rs325.4 crore from Rs307.2 crore, a...

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Moneylife Digital Team 04 November 2010
JSW Steel Ltd said that it has registered a 23% growth in crude steel production in October at 0.559 million tonnes. The production, in the same month last year, was 0.453 million tonnes. JSW Steel in a statement said that sequentially too, the company reported a 9% growth in monthly crude...

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Moneylife Digital Team 04 November 2010
Essel Group's packaging firm Essel Propack Ltd said its net profit for the September 2010 quarter rose 43.5% to Rs13.5 crore from Rs9.38 crore in the same quarter last year. The company's revenue rose by 19.8% for the three month period under review at Rs368.7 crore, Essel Propack said in a...

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Moneylife Digital Team 04 November 2010
Polyester Film manufacturer Ester Industries Ltd reported a whopping 535% increase in net profit to Rs36.7 crore for the September 2010 quarter compared to Rs5.78 crore last year. According to Arvind Singhania, chairman and managing director, Ester Industries, there are a couple of reasons...

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Moneylife Digital Team 04 November 2010
Fortis Healthcare Ltd said it plans to invest around Rs650 crore in the next one and a half years to add another 2,000 beds across its network of hospitals. Presently, the company has 6,000 operational beds across 49 hospitals in the country. The hospital major, which is seeking to expand in...

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Moneylife Digital Team 04 November 2010
Bank of India hikes deposit rates by 75 basis points; IDBI Bank increases interest rates by 50 basis points; Dunlop India open offer soon; Tata DOCOMO to offer free 3G service for 7 days; Uninor launches Diwali offer in Karnataka Bank of India hikes deposit rates by 75 basis points Bank of...

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Moneylife Digital Team 04 November 2010
Mumbai: In a stellar debut on bourses, state-run Coal India Ltd (CIL) today listed at Rs287.75 on the Bombay Stock Exchange (BSE), a gain of 17.44% over the issue price, reports PTI. Within two hours of the opening, the scrip was trading at Rs330, a jump of 34% over the issue price of Rs245 a...

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Moneylife Digital Team 04 November 2010
The Indian market is likely to open on a positive note today buoyed by the US Federal Reserve’s stimulus package announced last night. Most Asian markets were also trading upbeat this morning following the US move. The SGX Nifty was up 32 points at 6,225 against its previous close of 6,193 on...

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Moneylife Digital Team 03 November 2010
New Delhi: India Inc's shopping spree suffered a setback in October in which merger and acquisition (M&A) deals worth only $650 million were announced - the lowest monthly M&A transaction value since October 2009, reports PTI. According to data compiled by research firm VCCEdge, the M&A value...

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