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Oil prices sink to $100.66/ barrel in Asia
Oil prices sank in Asia today as euro zone debt worries rose to the fore once again after Moody's slashed the ratings and outlooks of key European countries.
Oil prices sink to $100.66/ barrel in Asia
Oil prices sank in Asia today as euro zone debt worries rose to the fore once again after Moody's slashed the ratings and outlooks of key European countries.
Wockhardt rises 5% on healthy Q3 nos
Wockhardt is trading higher by 5.4% at Rs 467 on reporting 51% year-on-year (yoy) growth in net profit at Rs 213 crore for the third quarter ended December 2011, on the back of strong sales in the US market. Net sales grew 27% at Rs 1,209 crore on y-o-y basis. The profit margins have improved by more than 300 basis points during the recently concluded quarter.
Cipla dips 4% on lower-than-expected Q3 net
Cipla has dipped 4% at Rs 328 after reporting lower-than-expected 16% year-on-year (y-o-y) growth in net profit at Rs 270 crore for the third quarter ended December 31, 2011, due to increase in staff cost and rise in selling expenses.
General Atlantic may pick up stake in IndusInd Media
US private equity firm General Atlantic LLC is looking to pick up a 'significant' stake in cable company IndusInd Media and Communications, a business daily said on Tuesday.
Euro under pressure after Moody's downgrades
The euro was under pressure against major currencies in Asian trade today after Moody's cut the debt ratings and outlooks of several European countries.
FII-TO-FII: Grasim Ind traded at 5% premium
Trades between FIIs generated a volume of Rs 80 crore on the BSE Monday-an increase of 94.59% from Rs 41 crore clocked on Friday. As many as five stocks witnessed trades of 26 lakh shares on Monday.
Punj Lloyd Q3 net at Rs 75 cr
Engineering and construction firm Punj Lloyd Group today reported a consolidated net profit of Rs 74.6 crore for the third quarter ended December 31, on higher sales.
Oil cos seek compensation for losses on petrol
Indian Oil Corporation (IOC), the nation's largest oil firm, today said it along with other state-owned fuel retailers has asked the government to compensate them for revenue losses incurred on selling petrol below imported cost.
Muthoot Finance to raise Rs 500-cr via public issue of NCDs
Muthoot Finance today said it has filed a draft prospectus with the Bombay Stock Exchange (BSE) for a public issue of secured non-convertible debentures of face value of Rs 1,000 each.
DLF to launch 450-acre township at Gurgaon
The country's largest realty firm DLF is understood to have earmarked an investment of Rs 8,000 crore to develop a 450-acre integrated township at Gurgaon within 2-3 years.
Jain Irrigation Q3 net dips 98%
Jain Irrigation Systems, the world's second-largest drip irrigation firm, today said its net profit fell by 98% to Rs 1.24 crore for the third quarter ended December, due to foreign exchange loss.
Aurobindo Pharma Q3 net loss at Rs 28 cr
Drug firm Aurobindo Pharma today posted a consolidated net loss of Rs 28.54 crore for the quarter ended December 31, 2011, primarily on account of foreign exchange losses suffered during the quarter.
Sebi to tighten price-sensitive information disclosure norms
The Securities and Exchange Board of India (Sebi) may tighten norms related to mandatory disclosure of price-sensitive information by listed companies, amid an emerging trend of key business developments being announced outside the regulatory framework, especially to the media.
IRB Infra subsidiary ties up Rs 3,300 cr for NHAI project
IRB Infrastructure Developers today said its subsidiary has tied up the Rs 3,300 crore required to execute a project awarded by the National Highways Authority of India.
Wockhardt Q3 net up 50% at Rs 213 cr
Drug firm Wockhardt Ltd today said its consolidated net profit rose by 50.21 per cent to Rs 212.81 crore in the third quarter ended December 31, 2011, on the back of strong sales in the US market.
Parsvnath Developers Q3 net down 28%
The company had posted a net profit of Rs 31.37 crore for the same quarter last fiscal.
Cipla Q3 net up 16% at Rs 267 cr
The company's net profit for the third quarter last fiscal stood at Rs 232.69 crore, it said in a filing to the BSE.
Credit card transaction value up 53% at Rs 8,421 cr in Dec
The number of credit cards in circulation has, however, declined by 14.4% to 1.76 crore as of December 31, 2011, according to the Reserve Bank data.
DIIs net sell Rs 597cr, FIIs net buy Rs 470cr
Domestic institutional investors (DIIs) were net sellers of Rs 597.31 crore (provisional) today, according to data released by BSE.
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