Govt. to Sell 74% Stake in HMT Bearings

The government is considering to dump up to 74% stake in HMT Bearings (HBL) and is additionally longing for joint venture partners in another public sector enterprises (PSEs) in an exceedingly bid to revive sick units. “The government has invited expression of interest for joint venture partner in Tungabhadra Steel product, Triveni Structural, Nepa and Hindustan Cables, which can have a control on government’s equity in these PSEs,” minister of state for significant business and public enterprises Arun Yadav said in reply to a question in Lok Sabha. “Disinvestment up to seventy four equity in HMT (Bearing) is additionally into account of the govt.,” he added.


HMT holds 97% stake in HBL, that was found out in 1964 and manufactures ball and roller bearings. the govt. has provided a funding of Rs five,521.73 crore for twelve units, together with HMT Bearings, Andrew xmas & Co, Bridge and Roof Co, significant Engineering Corporation and Braithwaite and Co. The department of significant business is additionally examining the chance of revival of Nepa through the disinvestment route, Mr Yadav said. However, the govt. doesn't have any fastened target to revive sick units within the current 5 Year set up amount or within the current monetary year. So far, the department has submitted twenty seven loss-making PSE cases to the Board for Reconstruction of Public Enterprises (BRPSE), that has given its recommendations in all cases. Out of those twenty seven PSEs, the govt. has approved revival or restructuring for fifteen PSEs and joint ventures or closure for four. “The profit creating corporations are being strengthened by providing bigger autonomy and also the loss creating CPSEs are being thought-about for revival/closure,” Mr Yadav said

The government is considering to dump up to seventy four stake in HMT Bearings (HBL) and is additionally longing for joint venture partners in another public sector enterprises (PSEs) in an exceedingly bid to revive sick units. “The government has invited expression of interest for joint venture partner in Tungabhadra Steel product, Triveni Structural, Nepa and Hindustan Cables, which can have a control on government’s equity in these PSEs,” minister of state for significant business and public enterprises Arun Yadav said in reply to a question in Lok Sabha. “Disinvestment up to seventy four equity in HMT (Bearing) is additionally into account of the govt.,” he added. HMT holds ninety seven stake in HBL, that was found out in 1964 and manufactures ball and roller bearings. the govt. has provided a funding of Rs five,521.73 crore for twelve units, together with HMT Bearings, Andrew xmas & Co, Bridge and Roof Co, significant Engineering Corporation and Braithwaite and Co. The department of significant business is additionally examining the chance of revival of Nepa through the disinvestment route, Mr Yadav said. However, the govt. doesn't have any fastened target to revive sick units within the current 5 Year set up amount or within the current monetary year. So far, the department has submitted twenty seven loss-making PSE cases to the Board for Reconstruction of Public Enterprises (BRPSE), that has given its recommendations in all cases. Out of those twenty seven PSEs, the govt. has approved revival or restructuring for fifteen PSEs and joint ventures or closure for four. “The profit creating corporations are being strengthened by providing bigger autonomy and also the loss creating CPSEs are being thought-about for revival/closure,” Mr Yadav said

Most Valuable tips for Earning Money from Stock Market

You need to grasp some “unforgettable basics” before you enter the globe of investing in stocks.

The stock market may be a field dominated by savvy investors who understand the ins-and-outs of the market. For folks that don't seem to be “on the inside”, the stock market will be a awfully dangerous place.

Don't even regarding|contemplate|take into account} "tips" that tell you about "hot stocks". take into account the source: There are many of us within the market who place in all their time and energy in promoting sure stocks. they are doing this as a result of they need their cash invested in those stocks. If will|they will|they'll} get enough folks to shop for the stock and that they can get the stock value to rise, they're going to sell the stock for a large value, the stock value can crash and that they can walk off to market another stock.

Always use your own brain:
It's extraordinarily vital. you want to invariably use your own brain. hoping on the recommendation of others, notwithstanding how well intentioned it should be, is nearly invariably an entire disaster. confirm you dig in and very examine the "facts regarding the companies" before you invest. Ignore press releases that have little or no substance, and place confidence in "hype" to inform the company's story.

And finally the foremost vital tip!!!
Only invest cash you'll be able to afford to lose!! certain this can be a basic purpose, however several many of us miss it. you ought to solely invest cash that you just will honestly afford to lose!! everybody enters into investments with the thought of earning huge profits, however in several cases, this never works. (Especially if you're new to investing within the stock market!)Please perceive that the on top of tips are tips for beginners. Once you actually get into the stock market you are doing not have to be compelled to follow these rules anymore. however if you're a replacement investor, you want to follow these rules. they're for your own safety. But nonetheless, nothing comes free. Everything includes a value. you'll ought to loose some cash, build some unhealthy choices and then solely can you actually perceive the market. you can not perceive the market by simply gazing it from so much. By following these rules, you'll primarily not loose too much!

Reliance MediaWorks think abour Rights Issue

Reliance MediaWorks, a district of Anil Ambani-led Reliance cluster , nowadays said it's coming up with a rights issue of equity shares that its board can meet on might twenty eight to think about the proposal.In a filing to the Bombay Stock Exchange , the corporate said its board of administrators also will contemplate and approve audited money results for the year ended March thirty one, 2011.

"The meeting of board of administrators are going to be prevailed might twenty eight, 2011, to think about the difficulty of equity shares of the corporate to the shareholders of the corporate on rights basis," the filing said.Rights issue is an possibility for a corporation to boost further capital by issuing new shares to the present shareholders.When contacted Reliance MediaWorks spokesperson declined to share details, stating it'll be announced solely once the board meeting.

Coal India Q4 Results

Coal India posted net profit of Rs 10867.35 crore for the year ended March 31, 2011 as compared to Rs 9622.44 crore a year ago. Total income increased to Rs 55029.88 crore from Rs 49515.89 crore.

Sujana Towers Q4 Results

Sujana Towers reported net profit of Rs 14.37 crore for quarter ended March 2011 as against Rs 4.71 crore in the corresponding quarter a year ago. Total income was at Rs 406.65 crore as compared to Rs 235.15 crore.

Cairn India Results

Cairn India posted standalone net loss of Rs (26.920 crore for the quarter ended March 31, 2011 as compared to net loss of Rs 82.45 crore in the corresponding quarter a year ago. Total income slipped to Rs 27.48 crore from Rs 31.54 crore.

Gujarat Alkalies and Chemicals Q4 Results

Gujarat Alkalies and Chemicals reported standalone net profit of Rs 114.31 crore for the year ended March 2011 against Rs 171.84 crore a year ago. Net sales were at Rs 1423.17 crore against Rs 1278.08 crore.

Shreyas Shipping Results

Shreyas Shipping reported consolidated net profit of Rs 12.78 crore for the year ended March 2011 as against loss of Rs 15.71 crore a year ago. Revenues increased to Rs 192.96 crore as compared to Rs 150.05 crore.

Shriram EPC Results

Shriram EPC reported net profit of Rs 69.61 crore for quarter ended March 2011 as compared to Rs 44.66 crore a year ago. Total income was at Rs 1315.87 crore as against Rs 1114.56 crore.

PTC india Results

PTC India reported net profit of Rs 37.02 crore for the year ended March 2011 as against Rs 25.48 crore a year ago. Total Income stood at Rs 104 crore for the fiscal ended 2011.

Engineers India Results

Engineers India reported standalone net profit of Rs 522.51 crore for the year ended March 2011 against Rs 435.57 crore in the same period a year ago. Net sales were at Rs 2823.28 crore as compared to Rs 1993.79 crore

Dhanlaxmi Bank approves issue of equity shares

The company board has approved issue of up to 2.07 cr equity shares at a price of Rs 140 per share

Zee Entertainment Enterprises and Star are going to form 50:50 JV for distributing channels

Zee Entertainment Enterprises and Star are going to form 50:50 JV for distributing channels. The new JV will have combined revenue of over Rs 2,000 crore. The distribution JV is between Zee Turner and Star Den

Zee Entertainment said that distribution JV has been named "Media Pro Enterprise".

Suven Life gets 4 PDT patents

Suven Life Sciences touched an intraday high of Rs 21.05 and an intra-day low of Rs 20.

The company has four PDT patents from Korea, New Zealand, Australia and Europe

There were pending obtain orders of twenty nine,745 shares, with no sellers out there. it had been trading with volumes of fourteen,744 shares.In the previous trading session, the share closed down 0.25% or Rs 0.05 at Rs 20.05.

IPCA get Top billing from CLSA

CLSA has initiate with an ‘outperform’ rating for Ipca Laboratories with a 12-month value target of Rs 365. The stock currently trades at Rs 311, up by third-dimensional over the previous shut. Following are the detailed appraisal of the broking firm on Ipca’s this fall results and therefore the logic behind the rating.Ipca Laboratories is creating a decent run within the share markets Ali Jarekji/Reuters•

A splendid show by branded export formulations (74% growth year-on-year) helped the corporate post a twenty ninth web sales growth throughout constant amount.• The solid numbers principally tracked the Asian and Latin yank markets. It additionally got a leg-up from an occasional base of the Russian market, that had a weak fourth quarter last year.

• Full-year domestic growth was sixteen.5%, beyond the trade average.Domestic growth is anticipated to collect steam, going forward, because the company has added substantial field force throughout the year.• higher product combine and a better proportion of formulations were countered by a half-hour y-o-y increase in overheads (Indore SEZ has not contributed a lot of to the topline though it added Rs twenty two crore to the expenditure head)

.• Forex gains of Rs forty three.4 crore came as an enormous support.• The company’s operating profit is anticipated to strengthen, going forward, as utilisation of Indore SEZ perked up and growth from domestic formulations went up with an addition of over 5000 personnel.• The upside for the corporate will return from potential massive tender wins in anti-malarial finished fastened dose phase.• IPCA trades at a pretty thirteen.5 times forward earning estimates (of CLSA). However, profit growth may be lower as FY11 had a forex gain of Rs forty three.4 crore.

Trent Recommends Dividend

Trent Ltd has informed BSE that the Board of administrators of the corporate at its meeting stayed could twenty five, 2011, inter alia, have approved the following:1. counseled payment of Dividend @ seventy fifth i.e. Rs. 7.50 per Equity Share of Rs. 10/- every on a pair of,00,56,877 Equity Shares, for approval by the shareholders.2. Also, counseled payment of dividend @ zero.1% once a year i.e. 1.02 paise per CCPS Series A of Rs. 10/- every on forty four,51,414 CCPS Series A from the date of allotment, i.e. August 28, 2010 and up to the date on that the CCPS Series A are compulsorily and automatically converted into one totally paid up Equity share of Rs. 10 each i.e. September 01, 2011.The dividend on CCPS Series A are going to be paid among thirty days once identical has been approved by the shareholders at the forthcoming Annual General Meeting as per the Letter of provide. A record date are going to be fastened at a later date in consultation with the Stock Exchanges to establish who would be eligible for the allotment of the totally paid up equity shares and also the payment of dividend.3. Also, counseled payment of Dividend @ zero.1% i.e. Re. one per Redeemable Preference Share of Rs. 1000/- every, on 70,000 Preference Shares, for approval by the shareholders

India pledges $5.7bn to Africa to outshine China

The second Africa-India summit ended on Wednesday at Addis Ababa, Ethiopia, with India committing USD five.7 billion, over ensuing 3 years in monetary help to African nations. the main focus now's on keeping the guarantees created by India, reports CNBC-TV18’s Siddharth Zarabi who is travelling with Prime Minister Manmohan Singh on his six-day visit to Africa India doles out sops to Africa, announces credit lineWith some Indian led comes in Africa failing to realize the specified results, Manmohan Singh pointed reference to India's new resolve to confirm it doesn't get overshadowed by a additional aggressive Chinese effort underway within the continent.

The strategy adopted by India is to expand its influence in Africa with the growing wants like energy security, commodities and therefore the growing domestic business. As China beings huge investments in Africa, India is ready to concentrate on capability building, coaching and education within the world's largest rising economies. India must speed up within the race with China in Africa and going by the PM’s announcement it looks take the Chinese aggression head on.

Tata Steel Results

Tata Steel has announced its FY11 results. the corporate FY11 consolidated web profit was at Rs eight,983 crore versus web loss of Rs two,009 crore.Its consolidated web sales were up at Rs one.17 lakh crore versus Rs one.02 Lakh crore.Its cash, bank balances were at Rs ten,893 crore as on March thirty one.Its web debt was at Rs forty six,632 crore as on March thirty one.Its this autumn consolidated EBITDA margins was at thirteen.9% versus nineteen.4%, YoY.Its this autumn consolidated EBITDA was at USD one.05 billion versus USD one.12 billion, YoY.The company recorded EBITDA of Rs seventeen,103 crore (USD three,836 million) for the complete year, eighty three on top of the EBITDA of Rs nine,340 crore (USD two,095 million) in FY10.
The Indian operations’ profit once tax of Rs vi,866 crore (USD one,540 million) and EBITDA of Rs twelve,225 crore (USD two,742 million) were the best ever on the rear of upper volumes, improved product-mix and better realisations. The European operations recorded strong improvement, posting an EBITDA of Rs four,204 crore (USD 943 million), a rise of Rs five,555 crore (USD one,246 million) over FY’10. Higher sales and realisations together with cost-cutting measures, initiated within the aftermath of the monetary crisis, lay behind this performance. However, the Long product business continues to face important challenges and also the company accordingly announced restructuring initiatives earlier this month. The sale of Teesside forged product (a slab producing facility mothballed in February two010) was completed in March 2011 in an exceedingly deal valuing the business at Rs 2,091 crore (USD 469 million). Net debt at the top of March 2011 at Rs forty six,632 crore (USD ten.46 billion) fell from Rs fifty two,836 crore (USD eleven.85 billion) at the top of the previous quarter. The 2.9 million TPA brownfield growth in Jamshedpur is progressing on schedule. the corporate has conjointly begun website work on its Greenfield project in Odisha. The Board of administrators of the corporate has counseled a dividend of Rs twelve per equity share for the monetary year ended March 2011.

Camlin Ltd - Board recommends Dividend

Camlin Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2011, inter alia, has recommended a Dividend Re. 0.25 per Share i.e. 25% on 6,10,64,537 Equity Shares of Re. 1/- each

Reliance Industries Free to Decide Gas prices for Non Core Users

The government has determined to provide gas at regulated rates solely to a number of top-priority shoppers - a move that may grant Reliance Industries substantial pricing freedom and boost the government's share of revenue from the KG-D6 field when output rises. The new system is being puzzled out by the govt in response to the steep fall in output from Reliance Industries KG-D6 gas field.

The shortfall has prompted the oil ministry to order Reliance to chop provides to "non-core" sectors like steel to assist power and fertiliser plants get traditional provide. Steel firms have already challenged the order in court, however the proposed new pricing policy can check that that such customers pay market rates for gas when it's out there. Reliance Industries needs to observe information from the D-6 reservoir for a number of quarters before it takes steps to ramp up production to traditional. In the new pricing regime, gas at the regulated worth of $4.2 per unit would be provided just for use in creating fertilisers, subsidised cooking gas, town gas networks and power stations that don't from lucrative open-market sale, 2 government officers said requesting anonymity. Natural gas could be a scarce commodity in India, and therefore the solely fast different to Reliance's gas is liquefied natural gas (LNG) that has been imported at over $12 per unit within the spot market in recent weeks. If Reliance is ready to ramp up output to traditional, a minimum of 1/2 its identified customers would be denied low-cost gas on the grounds that the government's pricing policy shouldn't boost company profits with none gains for the general public. The officers said that a steep decline in RIL's KG-D6 gas output had forced the govt to limit its provide to priority sectors and had conjointly raised the question on why low-cost gas ought to be given to firms for maximising profits.


The RIL-operated block's current output is concerning 48-49 million customary cubic meters per day (mmscmd) that is well wanting sixty nine.8 mmscmd as per the govt approved arrange. The oil ministry has the authority to limit gas provide to non-core industries immediately however the problem of gas costs is taken up solely by the empowered cluster of ministers (EGoM), officers said. The EGoM, that is that the final word on gas pricing and its utilisation, had chalked out priority shoppers for RIL's KG gas and had fastened its worth at $4.2 per unit for 5 years that might expire in two014. Oil ministry officers confirmed the developments.