Mumbai: Steel pipemaker Welspun Gujarat Stahl Rohren’s April-June profit nearly doubled on volume growth and a one-time gain on account of foreign exchange fluctuation, a senior official said on Thursday. The company posted a net profit of Rs1.38 billion in the April-June quarter on a …

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The fact it is promoted by kin of disgraced Satyam founder Ramalinga Raju is continuing to haunt Maytas Infrastructure, although it has a healthy order book of Rs 8,000 crore and is no longer run on a day to day basis by Teja Raju. “We feel pained by the continuous equation of May…

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The company may raise anywhere between Rs 4.5bn and Rs 6bn. Shares of Godrej Industries are locked at 10% upper circuit to Rs135.80. The stock opened at Rs127.4 and made an intra-day high of Rs135.7 and a low of Rs126.6. Total traded volumes stood at 0.7mn shares. Godrej Properties, the…

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Markets likely to open gap up. Nifty has strong resistance at 4320-4340 levels. Buy Hero Honda Motors above 1500, target: 1530. Stoploss: 1488 Buy Bajaj Hindustan at 160, target: 168. Stoploss: 157. If markets show weakness later during the day, Sell: HDIL Please trade in small quan…

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It was another day of strong performance from the benchmark indices on the back of positive global cues and huge buying in the high beta stocks. The Nifty closed successfully above the 200 DMA (daily moving average) of 4230 and the Sensex sustained above the 14000 mark in the second half …

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MUMBAI: Rising deficit will shift the balance in favour of generators. Generators with captive fuel with blend of merchant with PPA can earn 25% RoE on sustained bassis India needs incremental power capacity of one lakh Mw over the next five years. Peak power deficit in India goes to as …

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Mumbai: India gold futures were steady on Wednesday as pressure from a strong rupee was offset by rising crude oil, analysts said. The most active August contract was almost flat at Rs 14,660 per 10 grams at 11:16 a.m. Investors would now await the release of consumer price index and in…

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Mumbai: Media firm IBN18 Broadcast on Wednesday said its consolidated net profit for the quarter ended June stood at Rs5.90 crore in the current fiscal. However, the media firm had a net loss of Rs16.55 crore in the same period ended June 2008, IBN18 Broadcast said in a filing to the Bomb…

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Mumbai: Retail broking firm Apollo Sindhoori Capital Investments on Wednesday said its net profit rose by 29.66% to Rs2.71 crore during the quarter ended June in current fiscal, over the same period last year. The company had a net profit of Rs2.09 crore in the same period ended June 200…

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Mumbai: Public sector IDBI Bank on Wednesday reported 7.6% growth in net profit at Rs171.83 crore for the first quarter ended 30 June, 2009. The bank had a net profit of Rs159.76 crore in the first quarter of FY09, IDBI Bank said in a filing to the Bombay Stock Exchange. The total income…

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