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Moneylife Digital Team 11 August 2010
Telecom services provider Bharti Airtel Ltd said it will buy Telecom Seychelles Ltd for $62 million (about Rs288 crore). With this acquisition, Bharti Airtel will expand its African footprint to 16 countries and its overall presence to 19 countries. Recently it acquired mobile operations of...

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Moneylife Digital Team 11 August 2010
Automotive parts supplier Bosch Ltd reported a second quarter net profit of Rs209.7 crore compared with Rs188.3 crore a year ago. During the quarter to end-June, its total revenues increased to Rs1,716.6 crore from Rs1,310.7 crore same quarter last year, the company said in a regulatory...

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Moneylife Digital Team 11 August 2010
The market, which opened in the red this morning, witnessed a choppy session on poor showing by its Asian peers. The benchmarks rose in early trade but slid into the negative zone later, one hour into the session. The indices made feeble attempts to move upwards, but were dragged southwards by a...

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Moneylife Digital Team 11 August 2010
Religare MF files offer document with SEBI to launch Religare FMP-Series IV-Plan A to F Religare Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch Religare Fixed Maturity Plan (FMP)-Series IV-Plan A to F, a close ended debt scheme. During...

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Amritha Pillay 11 August 2010
The National Highways Authority of India has been aggressive in calling for bids across the country, but few projects have been awarded The National Highways Authority of India (NHAI), which has an ambitious plan of adding 20km per day, is expected to come out with bids for road projects worth...

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Moneylife Digital Team 11 August 2010
Mumbai: The Reserve Bank of India (RBI) today brought out a discussion paper on giving out new banking licenses to business houses and non-banking finance companies, and regulations for the same to foster greater competition, reports PTI. "The Reserve Bank is considering providing licenses to a...

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Munira Dongre 11 August 2010
The scrip is at an all-time high, but going ahead, Jaguar Land Rover’s performance will hinge on demand from the US and China, favourable currency movements and depressed raw material prices JLR was a show-stopper Tata Motor's Q1 performance exceeded the Street's expectations by a wide margin...

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Moneylife Digital Team 11 August 2010
New Delhi: The steel ministry today expressed hope that South Korean steel major Posco's Rs54,000 crore proposed project in Orissa could get environmental clearance in a month to go off the ground, reports PTI. "Posco issue would get resolved soon, may be in a month's time," steel secretary...

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Moneylife Digital Team 11 August 2010
New Delhi: Movement of export-import cargo worth $4 billion would be affected if the Jawaharlal Nehru Port Trust (JNPT) and Mumbai Port are not cleared for transportation by the weekend, reports PTI. Meanwhile, the government has said the Mumbai harbour would be cleared for normal traffic by...

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Moneylife Digital Team 11 August 2010
New Delhi: The country's largest private telecom operator Bharti Airtel today reported a decline of 32% in consolidated net profit at Rs1,682 crore during the first quarter ended 30th June, due to the foreign exchange losses, reports PTI. The April-June quarter of current fiscal witnessed an...

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Munira Dongre 11 August 2010
With the improved rainfall across the country, it is only logical that fertiliser stocks will do well from here since the sector is looking at bumper sales in the September quarter as well From worries of deficit rainfall just a few weeks ago, the monsoon has done a complete turnaround to...

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Moneylife Digital Team 10 August 2010
New Delhi: Indian Railways has posted a growth of 6.59% in its earnings during the first four months of this fiscal. During April to July, its earnings stood at Rs29274.55 crore as compared to Rs27464.14 crore during the same period last year. Out of the total earnings, goods earnings went up...

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Moneylife Digital Team 10 August 2010
The Bombay High Court also asked SEBI to expedite process as MCX-SX is suffering losses and take a decision on licence renewal of the stock exchange in six weeks The Bombay High Court (HC) has asked market regulator Securities and Exchange Board of India (SEBI) to take decision on equities...

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Moneylife Digital Team 10 August 2010
New Delhi: Forget general investors, public sector undertakings (PSUs) are finding it hard to convince even their own employees to take part in the disinvestment programme, and none of them was able to sell the entire quota reserved for their workforce in public offers since the last fiscal,...

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Moneylife Digital Team 10 August 2010
Nucleus Software Exports Ltd said it won an order from a private sector lender Dhanlaxmi Bank for the implementation of its FinnOne products across the bank's branches. No financial details were provided. The company will implement FinnOne products across the 271 branches of the bank to power...

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Moneylife Digital Team 10 August 2010
Bengaluru-based GMR Infrastructure Ltd said its first quarter net profit rose to Rs28.4 crore from Rs22.5 crore for the same quarter last year. Its total revenues increased to Rs1,298.6 crore from Rs1,189.6 crore, a year ago. On Tuesday, GMR Infrastructure shares ended 2.7% up to Rs60 on the...

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Moneylife Digital Team 10 August 2010
Educomp Solutions Ltd said its consolidated net profit for the first quarter increased to Rs36.5 crore as compared to Rs34.2 crore while its total revenues rose to Rs237.9 crore from Rs209.2 crore, same quarter last year. On Tuesday, Educomp Solutions shares rose 5.3% to Rs689 on the Bombay...

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Moneylife Digital Team 10 August 2010
Anil Dhirubhai Ambani Group (ADAG) company Reliance Capital Ltd said its first quarter net profit declined to Rs77.7 crore as against Rs151 crore in the same quarter last year. During the June 2010 quarter, its total revenues declined to Rs1,035 crore from Rs1,452 crore, said the company in a...

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Moneylife Digital Team 10 August 2010
Tata Motors Ltd, India's largest automobile manufacture, said its consolidated net profit for the first quarter increased to Rs1,988.7 crore against the net loss of Rs328.8 crore for the same quarter last year. During the June 2010 quarter, Tata Motors' total revenues rose to Rs27,090.1...

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Moneylife Digital Team 10 August 2010
New Delhi: The power ministry has recommended allocation of natural gas from Reliance Industries' (RIL) fields to four power projects including the Anil Dhirubhai Ambani Group (ADAG)-run Reliance Power's (R-Power) Samalkot expansion unit in Andhra Pradesh. The ministry, at the last meeting of...

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