Business Daily from THE HINDU group of publications
Saturday, October 20, 2007
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Markets (Oct. 19)
BSE Sensex17559.98 (-438.41)
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US Dollar39.74 (+0.04)


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CORPORATE RESULTS

FINANCIAL SERVICES
Motilal Oswal Q2 net at Rs 2.64 cr
Mumbai, Oct. 19 Motilal Oswal Financial Services (MOFSL), a financial services company, has reported an earnings per share (EPS) of Re 1for the quarter ending September 30, 2007 on a diluted and after reckoning extraordinary items. The ... More

CEMENT
Ambuja Cements reports 12% growth in quarterly net at Rs 292 cr
Holcim puts off open offer More

PHARMACEUTICALS
Orchid Chem revenue up 20 % on drug filings
Chennai, Oct. 19 Orchid Chemicals and Pharmaceuticals Ltd has posted revenues and operating income of Rs 295.12 crore for the quarter ending September 2007, a 20 per cent growth over the same period last fiscal. The improved ... More

SHIPPING
GE Shipping net grows 46% on higher freight earnings
To spend $620m in offshore activities More

STEEL
Uttam Galva profit higher at Rs 30.55 cr
Mumbai, Oct 19 Uttam Galva Steels Ltd has reported a net profit of Rs 30.55 crore for the quarter ended September 30, 2007, compared to Rs 27.55 crore for the corresponding quarter ended September 30, 2006.Net sales stood at Rs 870.59 ... More

TWO/THREE WHEELERS
Bajaj Auto Q2 net rises 5%, sales dip
Pune, Oct 19 Riding on the sales of its bigger bikes, two-wheeler major Bajaj Auto Ltd reported a five per cent rise in its second quarter, net profit at Rs 336.4 crore from Rs 318.8 crore during the corresponding quarter last year.Net ... More

REAL ESTATE & CONSTRUCTION
Noida Toll Q2 net up at Rs 8.1 cr on higher traffic
New Delhi, Oct. 19 Noida Toll Bridge Company Ltd (NTBCL) has seen its net profit soar by four times year-on-year, touching Rs 8.18 crore for the quarter ended September 30, driven by increase in traffic, higher toll revenues, and reduction in ... More

SOFTWARE
Product biz boosts Wipro Infotech revenues
Bangalore, Oct 19 A ninety per cent growth in its product business spurred Wipro Infotech, the India, West Asia and Asia Pacific business of Wipro Ltd, to clock a 72 per cent year-on-year growth in revenues for the quarter-ended September ... More

Wipro net rises 18% on broad-based growth
Bangalore, Oct 19 A broad-based growth across all its verticals and service lines helped Wipro Ltd to beat street estimates and its own forecast to post 18 per cent rise in net profits for the September quarter (Q2FY08) over corresponding last ... More

PAINTS
Asian Paints net rises 39% on buoyant demand
Board recommends Rs 6.5/share interim More

PRIVATE BANKS
Advances push ICICI net up 33%
Mumbai, Oct. 19 ICICI Bank posted a net profit of Rs 1,002.6 crore for the quarter ended September 30, 2007, up 33 per cent from Rs 755.01 crore in the corresponding quarter last year on the back of a 33 per cent growth in advances. Ms ... More

PUBLIC SECTOR BANKS
State Bank of Mysore to raise Rs 400 cr via bonds
Bangalore, Oct. 19 State Bank of Mysore (SBM) intends to raise Tier II capital through bond issues of up to Rs 400 crore during the year to support its asset growth. In addition, the bank is also planning a follow-on public issue, ... More






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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

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Forex kitty rises $5.36 b

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Gold prices to firm up by 7.15%, says Assocham

GE Shipping net grows 46% on higher freight earnings

Product biz boosts Wipro Infotech revenues

‘Freight corridor project economically feasible’

Gujarat State Petronet to expand gas pipeline network

Looking back
Oct. 7-Oct. 13
HDFC Bank’s customer assets rise 33%


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