The markets are on a dream run so far this year. After having slumped nearly 25 per cent in 2011, the BSE and the NSE benchmark indices have gained nearly 12 per cent this year. In absolute terms, these have recovered around one-third of the losses in the previous year. The Sensex ended …

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Markets advanced for the fourth straight week as investors cheered RBI’s decision to cut the cash reserve ratio by 50 bps and on the back of aggressive buying from foreign institutional investors who have injected $1.54 billion this month so far. A negative food inflation also helpe…

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Alfa Laval, subsidiary of Sweden-based Alfa Laval Corporate AB, today said its delisting offer will commence on February 15. The entity, which offers heat transfer, separation and fluid handling technologies, said in a statement: “The opening date for the bid is February 15, 2012,…

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Grasim Industries, part of the Aditya Birla group, posted a 33 per cent rise in its net profit at Rs 669 crore for the quarter ended December 31, compared to Rs 502 crore a year earlier. Net sales grew 17 per cent from Rs 5,461 crore to Rs 6,364 crore. Grasim said cement was the major dr…

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The Reserve Bank of India (RBI) has left its key policy rates unchanged in its third quarter monetary policy (October-December). However, contrary to many experts, the central bank has cut cash reserve ratio (CRR) by 50 basis points (bps) to 5.5% effective from January 28. The CRR cut is …

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Larsen and Toubro (L&T), an engineering & construction company, has reported a net profit of Rs 991 crore in the third quarter of FY12, a growth of 18% as compared to Rs 840 crore in a year ago quarter. Other income jumped 78.9% to Rs 449 crore from Rs 251 crore during the same…

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The January stock rally has brought with it hopes that the market will rebound from last year’s middling performance, but it has lacked one key ingredient: enough investors. The Standard & Poor’s 500 has rallied 4.5 percent so far, but the average retail investor-counted…

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On a day the country’s most valued company, Reliance Industries Ltd (RIL), reported its first net profit drop in the last two years, it tried to cheer investors by announcing its Rs 10,440-crore buyback plan. Analysts, however, see the scrip reacting unfavourably in the next session on …

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Praj Industries today posted growth of 50% in net profit for the third quarter ended December, 2011 at Rs 21 crore. The net profit for the same quarter last year was at Rs 14 crore. At 1242 hours, the shares of the company were trading up 1.77% at RS 86.40 per share on the Bombay Stock …

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Confident of returning to profitability from 2012-13. SKS Microfinance on Thursday said its net loss for the quarter ended December 31 widened to Rs 427.8 crore from Rs 385 crore in the previous quarter. However, the management remained confident of returning to profitability from the fi…

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