Money Bai

BHEL Q3 net up 35% to Rs 1,072 cr

2010-01-21T05:51:00.001-08:00

BHEL Q3 net up 35% to Rs 1,072 cr . Read the full article

IDBI Bank notices for redemption of IDBI bonds

2010-01-21T05:50:00.000-08:00

IDBI Bank notices for redemption of IDBI bonds - Flexibonds 14 Money Multiplier Bonds (options B) redemption of Feb 12, 2010, Flexibonds 22 (Options B & E) Infrastructure Bonds

Notice - Flexibonds 14 Money Multiplier Bonds (options B)

Notice - Flexibonds 22 (Options B & E) Infrastructure Bonds

IDBI Bank website

ICICI Bank Q3 net dips 26% to Rs 1,101 cr

2010-01-21T05:43:00.000-08:00

ICICI Bank Q3 net dips 26% to Rs 1,101 cr...hmm whats with this crip- it has such promise why are they dilly dallying with their share split is what I want to know ?

Read the Q3 results article here

Biocon Q3 net soars 3-fold to Rs 81 crore

2010-01-21T05:41:00.000-08:00

Biocon Q3 net soars 3-fold to Rs 81 crore - totally unexpected - read carefully between the lines to see if this is a past profit being realized now or other income is included !!

Biocon Q3 net soars read full article

L&T records biggest single-day fall in last six months

2010-01-21T05:39:00.000-08:00

Primarily because of their quarterly results showing a 50% drop- L&T net profit declines 50% to Rs 759 cr- Is this a Dubai Disaster fall out ? Read the reasons and an article of their dismal quarterly results at the links below -

Business Standard Article on L & T sensex fall today

L & T Dismal Quarterly Results

Budget to be declared in July 2009 Says Pranab Mukherjee

2009-05-27T05:12:00.000-07:00

Budget to be declared in July 2009 Says Pranab Mukherjee

Gold Price Surges

2009-04-27T06:00:00.000-07:00

On Monday surged by Rs 140 per 10 gram to regain the 15,000-mark after a month in the bullion market here beacuse of hectic buying by jewellers to meet Akshay Trittiya demands.

Standard gold and ornaments spurted by Rs 140 each to Rs 15,030 and Rs 14,880 per 10 gram, respectively and sovereign gained Rs 50 at Rs 12,450 per piece of eight gram.

Source [TOI]

FIPB clears 22 Foreign Direct Investment Proposals and rejects 2

2009-04-27T05:52:00.000-07:00

The proposals, cleared on the recommendation of the Foreign Investment Promotion Board (FIPB), include Nokia's plan to set up the first single-brand retail joint venture with HCL Infosystems to sell handsets and accessories that will bring in Rs 25 lakh in the country.

Yamaha's proposal to transfer its business operations to a new company in India, India Yamaha Motor Pvt Ltd., was also given the go-ahead by the government.

Mumbai-based broadband company Tikona Digital Networks will bring in the highest FDI of Rs 237.26 crore, while Kolkata-based Electrosteel Castings, which is in the metal business, will receive Rs 157.47 crore of FDI.

Two proposals, including Al Khaleej's plans to set up a sugar refinery, have been rejected.

157 Indian companies invested in by FIIs

2009-04-27T05:47:00.000-07:00

157 Indian companies invested in by FIIs during the last January - March 2009 quarter.

Companies which saw FIIs significantly raising their stakes include Onmobile Global (9.31% stake rise), followed by Uttam Galva Steels (8.82%), IVRCL Infra (5.51%), Maruti Suzuki (4.97%), GMR Industries (4.48%), Austral Coke (3.95%), Nelco (3.8%), IRB Infra (3.32%), Balasore Alloys (3.28%), AmtekAuto (3.25%). Others such as Mindtree (3.01%), Grasim (2.54%), Hero Honda (2.33%) and Unitech (2.28%) also witnessed FII hike their holdings in the three months of last fiscal, according to CMIE data.

FIIs have pumped in more than Rs 4,000 crore into the stock markets in the last 13 trading days of the new fiscal. FIIs are particularly buying now when pessimism is maximum as they expect to reap benefits when the economy gains strength later, marketmen added.

However, the foreign investors

shed their stakes in 463 out the 869 firms (that FII exposure at the end of October-December 2008 quarter) with stocks across sectors getting offloaded in the January-March quarter.

While FIIs reduced holdings in scam-tainted Satyam by 29.15%, others such as Ansal Housing (-17.91%), MALCO (-11.2%), ICSA (-8.46%), Patni Computers (-8.38%), Indian Overseas Bank (-8.22%), Financial Technologies (-7.85%), Aban Offshore (-7.64%), Gateway Distriparks (-7.01%), NIIT (-6.78%), S Kumars Nationwide (-6.45%), Bharat Bijlee (-6.12%) and Pyramid Saimira (-5.94%) were amongst the prominent names which figured on the list where the investors pared stakes.

Source [TOI]