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Era Infra Q2FY09 net profit up 44% YoY

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

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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Logix Microsystems Q2 net profit up 12% YoY

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

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

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

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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Garware Offshore bags order from Havyard Leirvik

Posted on: Monday, November 3rd 2008 and is filed under Market Outlook.

The approximate cost of the Vessel is US$55mn and scheduled for delivery in the last quarter of Calendar Year 2010. Garware Offshore Services Ltd has bagged an order with Havyard Leirvik AS, for a Multi Purpose Platform Supply Vessel of 4500 DWT. The Vessel will have Diesel Electric Propu...

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ICICI retires Rs 24k crore high-cost deposits

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

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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Mkts cheer, Sensex regains 10,000 level

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

he benchmark Sensex, on Monday, regained 10,000-points mark and surged by 544 points in early trade on heavy buying by funds as well as retailers, sparked by RBI’s announcement of fresh set of measures to infuse more liquidity into the financial system. The 30-share index, which gai...

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Intraday calls for 03-11-08

Posted on: Monday, November 3rd 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Reliance capital at 655, target: ...

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Top ten firms lose Rs 3.17 tn in Oct

Posted on: Sunday, November 2nd 2008 and is filed under Market Outlook.

UMBAI: Country’s top 10 companies, including Reliance Industries and ONGC, witnessed an erosion of over Rs 3.17 trillion from their combined market capitalisations in October, as the bourses bore the brunt of the global financial crisis. The combined market cap of the elite club saw...

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Realty faces reality: 15-20% correction by Q1 2009

Posted on: Saturday, November 1st 2008 and is filed under Market Outlook.

UMBAI: The real estate bubble has finally burst! The sector that was in the limelight a year ago is simply coming apart. Severe cash crunch with bank loans drying up, sales plunging, demand falling and stock market crashing have compounded the worries for real estate companies. The real e...

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Wall Street banking on Obama victory, ready also for McCain

Posted on: Saturday, November 1st 2008 and is filed under Market Outlook.

NEW YORK: Never mind the financial crisis: with just days before the American presidential election, investors on Wall Street are betting big on a win for Democrat Barack Obama. But they wouldn’t be unfavorable to an upset by Republican John McCain. “Given Obama’s advanc...

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