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Posted on: November 3rd, 2008 and is filed under Stock News.

Era Infra Q2FY09 net profit up 44% YoY

Era Infra Engineering Ltd, an integrated infrastructure development company with a pan India presence, has announced its financial results for the quarter ended September 30, 2008. For the quarter ended September 30, 2008, the company recorded revenues of Rs4.18bn, an increase of 63.38% f…

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Posted on: November 3rd, 2008 and is filed under Stock News.

Logix Microsystems Q2 net profit up 12% YoY

During the quarter, the company posted a growth of 6% in net sales at Rs124.9mn as compared to Rs118.3mn in the corresponding quarter previous year. Logix Microsystems, a leading global software products company focused on automotive e-retailing solutions, has reported significant growth …

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Posted on: November 3rd, 2008 and is filed under Stock News.

JSW Steel cuts HR Coil prices by Rs5,500/-pmt

This price cut along with the 8 to 12% reduction in October`08 amounts to an overall reduction by 25 to 30% compared to peak prices in the domestic market. JSW Steel has announced a price reduction of HR Coil by Rs5,500/-pmt for November ’08 in line with prevailing international pri…

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Posted on: November 3rd, 2008 and is filed under Stock News.

ICICI retires Rs 24k crore high-cost deposits

Contrary to belief that it was under withdrawal pressure, India’s top private sector lender ICICI Bank on Sunday said that it has retired about Rs 24,000 crore expensive deposits to reduce cost and improve its bottomline. Pooh-poohing suggestions that it was under withdrawal pressur…

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Posted on: October 31st, 2008 and is filed under Stock News.

Reliance Capital net profit up 15% yoy

For the half year ended September, 2008, the total operating income was up by 34% to Rs28563mn from Rs21277mn in the earlier period. Reliance Capital Ltd has posted results for the quarter ended 30 September, 2008. Its consolidated total income up by 38% at Rs. 13131mn mn from Rs9527mn. …

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Posted on: October 31st, 2008 and is filed under Stock News.

Tata Motors Q2 net profit dips by 34% yoy

Total Income has increased from Rs67431.90mn for the quarter ended September 30, 2007 to Rs75081.30mn for the quarter ended September 30, 2008. Tata Motors Ltd has posted a Net profit for the period of Rs3469.90mn for the quarter ended September 30, 2008 as compared to Rs5268.40mn for the…

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Posted on: October 31st, 2008 and is filed under Stock News.

RCOM cons Q2 net profit up 17% yoy

Total income has increased from Rs45.79bn for the quarter ended September 30, 2007 to Rs56.45bn for the quarter ended September 30, 2008. Reliance Communications Ltd has announced the following Unaudited Consolidated results for the quarter ended September 30, 2008 …

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Posted on: October 31st, 2008 and is filed under Stock News.

E.I.D.Parry net profit at Rs6.118bn

The turnover of E.I.D. – Parry (India) Limited for the half year ended 30th September, 2008 was Rs.4552.5 mn(Rs.234.79 crore). The turnover of E.I.D. – Parry (India) Limited for the quarter ended 30th September, 2008 was Rs.2514.5mn (Rs.161.53 crore). Gross operating profit f…

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Posted on: October 31st, 2008 and is filed under Stock News.

MIC Electronics in accord with Ceracchi Italy

This relationship will enable MIC to have access to European Markets and others like Russia, Morocco & Eastern European Countries. MIC Electronics has entered into an MOU with CERACCHI ILLUMINAZIONE Spa, a lighting company in Italy for design, development and marketing of LED lightin…

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Posted on: October 31st, 2008 and is filed under Stock News.

V Guard Q2 net profit before tax up 22% yoy

The net sales of V Guard for the second quarter ended 30th September 2008 was Rs831.2mn, i.e. registering a growth of 29.31% compared to Rs642.8mn for the corresponding quarter of the previous year. The Board of Directors of V-Guard Industries Ltd, the largest manufacturer of voltage stab…

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