Ramalinga Raju Bail petition rejected

Andhra Pradesh High Court today dismissed the bail petitions of B Ramalinga Raju and seven other accused in the multi-crore Satyam computers accounting fraud.

Mahindra Satyam-Tech Mahindra will appoint bankers to finalise merger details

Mahindra Satyam-Tech Mahindra will appoint bankers to finalise merger details

Legal advice has been sought to settle tax issue with govt before merger. The company is in talks to negotiate tax settlement but may even push the merger process to January if the tax case is not settled.

Lanco Infra arm Griffin terminates coal supply pact with Perdaman

Lanco Infra arm Griffin terminates coal supply pact with Perdaman. Griffin Coal said Perdaman has time till Oct 15 to meet supply norm

Maruti Suzuki is likely to resume by today

Maruti Suzuki is likely to resume some operations at its Manesar plant in Haryana todyaand may even employ temporary contract workers at the plant. Maruti has suspended nearly two-dozen workers at Manesar and has alleged deliberate tampering with components by some workers.

GDP Data shows slowdown in Indian economy

The Indian economy grew a meagre 7.7% in the first (April-June) quarter of fiscal year 2012 as against 9.3% recorded in the same quarter last year.

The slowdown was mainly due to manufacturing sector, which grew 7.2% during the quarter versus 12.7% on year-on-year basis.

Ariculture output showed an improvement, expanding by a robust 3.9% over 2.4% (YoY), the mining and quarrying sector grew by a minuscule 1.2% growth as against 7.7% growth in the first quarter of the previous fiscal. Construction took a major beating, growing a meagre 1.2% annually.

The services sector, including insurance and real estate, grew by 10% during the quarter, compared to 9.8% expansion in the corresponding period last year, while industry grew by 5.1%.

ONGC FPO on September 20

ONGC is likely to hit markets on September 20. It is likely to file FPO documents with SEBI by September 8.

RBI issues Guidelines for New banking licences for corporates

(i) Eligibility: Entities / teams within the personal sector, owned and controlled by residents, with diversified possession, sound credentials and integrity and having successful diary of a minimum of ten years are going to be eligible to market banks. Entities / teams having vital (10% or more) income or assets or each from property construction and / or broking activities individually or taken along within the last 3 years won't be eligible.

(ii) company structure: New banks are going to be originated solely through an entirely owned Non-Operative Holding Company (NOHC) to be registered with the Reserve Bank as a non-banking finance company (NBFC) which is able to hold the bank in addition as all the opposite money firms within the promoter cluster.

(iii) Minimum capital demand: Minimum capital requirement are going to be Rs five hundred crore. Subject to the present, actual capital to be brought in can rely on the business set up of the promoters. NOHC shall hold minimum four-hundredth of the paid-up capital of the bank for a amount of 5 years from the date of licensing of the bank. Shareholding by NOHC in far more than four-hundredth shall be brought all the way down to two hundredth at intervals ten years and to fifteen at intervals twelve years from the date of licensing of the bank.

(iv) Foreign shareholding: the combination non-resident shareholding within the new bank shall not exceed forty ninth for the primary five years once that it'll be as per the extant policy.

(v) company governance: a minimum of five hundredth of administrators|the administrators} of the NOHC ought to be freelance directors. the company structure ought to be such that it doesn't impede effective supervision of the bank and also the NOHC on a consolidated basis by the Reserve Bank.

(vi) Business model: ought to be realistic and viable and may address how the bank proposes to realize money inclusion.

(vii) alternative conditions:• The exposure of bank to any entity within the promoter cluster shall not exceed 100 percent and also the combination exposure to any or all the entities within the cluster shall not exceed two hundredth of the paid-up capital and reserves of the bank.• The bank shall get its shares listed on the stock exchanges at intervals 2 years of licensing.• The bank shall open a minimum of twenty fifth of its branches in unbanked rural centres (population upto nine,999 as per 2001 census)• Existing NBFCs, if thought-about eligible, is also permitted to either promote a replacement bank or convert themselves into banks.

(viii) In respect of promoter teams having four-hundredth or a lot of assets / income from non-financial business, sure further necessities are stipulated

.

DLF is in talks with IDFC to sell its Noida IT Park stake

DLF is in talks with IDFC to sell its Noida IT Park stake

Maruti Management suspends 21 workers at Manesar unit

Maruti Management suspends 21 workers at Manesar unit. Maruti may temporarily suspend operations at Manesar plant

Anna Hazare Breaks his fast today at 10.00 AM after Anna three demands accepted. PM takes step forward to clinch the deal, this is 1st time parliament agreeing to accomodate demands raised by an outsider.Anna Hazare Breaks his fast today at 10.00 AM after Anna three demands accepted. PM takes step forward to clinch the deal, this is 1st time parliament agreeing to accomodate demands raised by an outsider.

Power Tariffs has been increased in Delhi by 21.77%

Power Tariffs has been increased in Delhi by 21.77% from next month annouced by Delhi electricity regulatory commission on friday, Increase in tariff will be effective from September 1st,2011ll be effective from September 1st,2011

Nifty Hits 18 Months low

Nifty hits 18th Month Low of 4718 today Anil Dhirubhai Ambani group stocks saw a big cut. Reliance Capital was the biggest loser, crashing 12%. Reliance Communications lost 10%. Reliance Infrastructure fell 9% and Reliance Power slipped 6%

Tree House Education & Accessories Ltd. lists todat

Tree House Education & Accessories Ltd. lists today and Make a high of 161 Rs and looses it's gains as other IPO'S did by making a low of Rs. 104 rs.

Kingfisher Airlines board approves raising Rs 2,000 cr via rights issue

Kingfisher Airlines board approves raising Rs 2,000 cr via rights issue

Amtek Auto board approves buyback

Amtek Auto board approves buyback at a price not exceeding Rs 200/sh

Kiri Industries Bags Blockbuster Rs. 100 crores per annum

Kiri Industries Bags Blockbuster Rs. 100 crores per annum Multi-Year Order for Exports of Dyes.

Bharti airtel paid Rs 1,177.48 crore to the government toward licence fees

The country's largest private telecom operator Bharti airtel paid Rs 1,177.48 crore to the government in the April-June quarter toward licence fees and spectrum usage charges, more than any other service provider.

How will LokPal Bill Effect our lifes

if demanded LokPal Bill will get approved then Corruption will reduced to very low level as no one take bribe for doing a small to large works as if people compliant against a Govt. employee that he/she is taking bribe then they will face a strict action and you may also says that power of Ministers, IAS ofiicers, Police and other Govt. employees get reduced to very low level they can't misuse their power. No one able to say that i know that politician or that officer every work will be done with any bribe. we will be able to get work done Very easily, This Bill is for Middle class and Poor people who suffers a lot due to that Govt. employees.

You may realize and see a growing facing of India where corruption almost to zero level, So do support Anna Hazare for demanded Lokpal Bill not on any conditions

Lovable Lingerie Makes new High

Lovable Lingerie Makes new High of 558 and still looks very solid to go above 600 as their growth story in Ladies innerwear is intact. So keep buying that stock on every dip

Jharkhand Pollution board orders closure of mining in 22 mines of coal india

Jharkhand Pollution board orders closure of mining in 22 mines of coal india

Indian Banks fears about rise of bad loans

India's banks have begun sending out warning signals that a credit crisis worse than the one in 2008 may be simply round the corner, consistent with analysts, bankers and credit rating agencies. Non-performing assets are on the increase and have started contact on Indian banks' balance sheets. A lethal cocktail of record-high commodity costs, interest rates spiralling upward, weak markets and concern of a double-dip recession in developed economies has forced several Indian corporations to restructure or default on their debt.

Crisil, the Indian rating agency owned by Standard & Poor's, expects overall bad loans held by Indian banks to rise from 2.3% to 2.6% in the year ending in March 2012.

Moody's Investors Service has cut the rating on Japan's government from Aa2 to Aa3

Moody's Investors Service has cut the rating on Japan's government debt by a notch to Aa3, blaming massive budget deficits and also the build-up of debt since the 2009 world recession. they need said that many factors create it tough for the country to slow the expansion of debt-to-GDP and so drive this rating action.The agency had warned in might that it's going to downgrade Japan's Aa2 rating owing to heightened issues concerning its faltering growth prospects and a weak policy response to take care of a bulging public debt, currently twice its USD five trillion GDP."Several factors create it tough for Japan to slow the expansion of debt-to-GDP and so drive this rating action," Moody's said in a very statement, adding that the March eleven earthquake and ensuing nuclear crisis had exacerbated Japan's issues. Thomas Byrne of Moody's Ratings went on to mention, "We initial lowered Japan's AAA rating back in 1998. Since then bond yields are on a declining trend and moving inversely with the increase in government debt. therefore we tend to don’t think about ourselves to be late during this. In fact, the rating modification reflects the long-term risks to the economy from high budget deficits and high debt. At an equivalent time, the stable outlook recognises that strengths of Japan can still support patrons and a really low funding price for the govt. therefore we tend to don’t see any eminent JGB crisis over the rating horizon."

Bata always keep on Making New highs

As i told yesterday Bata India and few other stcoks they all keep on making new even in bearish market, So keep on accumulating all these stcoks whenever they give some correction, Bata India Made a high of 734 today keep a watch at that stcoks as it will be going to make new highs.

Govt is keen to infuse capital in SBI

Govt is keen to infuse capital in SBI: Banking Secretary DK Mittal. Govt will infuse capital in SBI this fiscal

Shriram EPC ties up with an Israeli company for executing a Rs 640 crore order

Shriram EPC ties up with an Israeli company for executing a Rs 640 crore order for providing EPC services

Japanese based Kaneka Corp is eyeing stake in Supreme Industries

Japanese based Kaneka Corp is eyeing stake in Supreme Industries

Japan based Takeda is in talks to acquire Cipla or Lupin’s Pharma business

Japan based Takeda is in talks to acquire Cipla or Lupin’s Pharma business

What type of stocks you should in current Market?

In current situation we always look around what stocks we should buy by looking at current senario? Always buy look for those stocks which have high top line growth then bottom line means profit increases more compared to sales stocks of such type are Bata India, Page Industries, Lovable lingerie, IGL, Blue dart these co.s stocks never falls what type of market situation may be they falls only 2 to 10% when market crashes but recovers by 5 to 20% within days so go for that stocks and add into your portfolio for long run

TD Power Systems coming with Public Issue

TD Power Systems, Manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW, proposes to enter the capital markets on August 24, 2011 with a public issue of equity shares through 100% book building process. The price band has been fixed at Rs 256-261 per equity share of Rs 10 each. Credit Analysis & Research  has assigned grade 4/5 to the issue indicating above average fundamentals

GVK Power arm to buy Siemens' 14% stake in Bangalore Airport SPV

GVK Power arm to buy Siemens' 14% stake in Bangalore Airport SPV

Gold Crosses 1900 Dollars

Gold Crosses 1900 Dollars and approaching towars 2000 dollars very soon

SRS IPO Opens today

 SRS 3.5 crore shares IPO has opened for subscription today. It has fixed issue price at Rs 58-65 a share.

It is a diversified company having businesses like cinema exhibition, food and beverages, retail and manufacturing and jewellery retail.The issue, which constitutes 25.13% of the post-issue share capital, will close for subscription on August 26, 2011.

DLF plans to cut debt by Rs 3000 crore

DLF plans to cut debt by Rs 3000 crore, to divest non-core assets including hotels & plots

Mahindra Satyam slapped with Rs 2114 cr income tax notice

Mahindra Satyam slapped with Rs 2114 cr income tax notice for the assessment years 2002-03 & 2007-08

HDFC increased stake in Aurobindo pharmaHDFC increased stake in Aurobindo pharma

HDFC increased stake in Aurobindo pharma from 5.01% to 7.16% by purchase of around 63 lakh shares on June 1

On Saturday gold touched 28000 everyone is thinking is it is safe now to invest in gold? Gold is always investment due to global slowdown ,some correction of 1000 Rs. May occur before 30000 landmark, Had you ever hear from anyone that gold prices are down lets buy them, you always hear that gold prices are increased to that level, so gold is always be safe investment so go and buy now, moreover this rally in gold prices is not because of buying by Indians but this rally is whole due to forgein institutnal buying Indians are not buying at that moment they are just waiting rally due to Indian buying is yet to comeOn Saturday gold touched 28000 everyone is thinking is it is safe now to invest in gold? Gold is always investment due to global slowdown ,some correction of 1000 Rs. May occur before 30000 landmark, Had you ever hear from anyone that gold prices are down lets buy them, you always hear that gold prices are increased to that level, so gold is always be safe investment so go and buy now, moreover this rally in gold prices is not because of buying by Indians but this rally is whole due to forgein institutnal buying Indians are not buying at that moment they are just waiting rally due to Indian buying is yet to come

India growth story is intact for long term

India is one of powerfull emerging economy as India consumption story is intact with it, as India is 2nd in popullation and there is always opportunity for co.s to expand their bussiness and in India population mojority is of young peoples so you can say India economy is young economy. India will soon comes out to be powerfull economy in few years so keep faith in Indian co.s as thier consumption story is intact

Anna Hazare impact on Indian Economy

Anna Hazare is now start impacting Indian economy as our ministers are now focused towords Lok Pal Bill instead of implimenting new policies to improve Indian economy ,Indian economy is now failini to win interest of FII'S as they are fearful of a stable economy

Gujarat Gas results

Gujarat Gas has reported net profit of Rs 96.5 crore for quarter ended June 2011 as compared to Rs 57.8 crore in the same quarter a year ago. Gross sales were at Rs 585.8 crore as compared to Rs 416.3 crore.

Gold Near 28000

Gold is trading near 28000 as Europe opened in red,

European debt concerns continued to augment the safe have appeal for the yellow metal. On US front, Philadelphia Fed Manufacturing index, a regional gauge for manufacturing activity declined to -30 in August,as compared with 3.2 in July. Moreover, Morgan Stanley cuts its global economic growth forecasts, citing "recent policy errors" and saying that US and Europe are now "dangerously close to recession"

Gold crosses 1850 Dollars

Gold is continue to remain high with global crisis and today it crosses 1850 dollars and may touch 1900 dollars next week, In INR it goes above 27500/- and touched 27638/-

INOX Leisure Update

INOX Leisure has commenced the operations of a multiplex cinema theatre at Patamata, Vijayawada

Scooters India Update

The Finance Minister has said the government is planning to revive Scooters India via JV route

Drug regulator has sent show-cause notices to Cipla and Dr Reddy's Laboratories

The country's drug regulator has sent show-cause notices to Cipla and Dr Reddy's Laboratories for selling drugs banned by the government and is planning similar action against a few other top drug makers.

GTL results

GTL reported standalone net profit of Rs 2.42 crore for the quarter ended June 2011 against Rs 34.85 crore in the same period a year ago. Net sales climbed to Rs 695.40 crore from Rs 599.34 crore.

Just Dial Plans for IPO

Local search engine Just Dial plans to raise Rs 360 crore through an initial share sale, probably valuing the company more than 10 times its last fiscal revenue. About 10.6 million shares will be sold by existing owners, said the document, without mentioning the specifics. In the year ended March 2011, Just Dial posted a net profit of Rs 29 crore on total revenue of Rs 189 crore, the offer document shows.

Hero MotoCorp appoints Sunil Kant Munjal as Joint MD

Hero MotoCorp Appoints Sunil Kant Munjal as Joint MD for a period of five years with effect from August 17, 2011.

Global Markets Slump before US data

World stock markets tumbled Thursday on lingering economic worries, with the heaviest losses in Europe amid the region's uncertain debt crisis, as investors awaited the release of key data from the United States.

Xpro India sold off company's Thermosets division at Ranjangaon

Xpro India sold off company's Thermosets division at Ranjangaon, engaged in the manufacture of Thermoset Moulding Powders & Synthetic Resins, for Rs 74.5 crore on a going concern and slump sale basis.

Anna Hazare will fast at Ramlila Maidan from tomorrow

Gandhian Anna Hazare will fast at Ramlila Maidan from tomorrow. Arvind Kejriwal, a civil society member said that Anna will leave Tihar only after taking stock of preparations.Team Anna members said that once Ramlila Maidan is ready, Anna will leave Tihar Jail.

Lakshmi Precision Screws Q1 results

Lakshmi Precision Screws reported net profit of Rs 2.18 crore for quarter ended June 2011 as against Rs 1.72 crore in the same quarter a year ago. Net sales were at Rs 79.12 crore as compared to Rs 67.52 crore.

Suven Life Sciences has been granted four product patents for new chemical entities

Suven Life Sciences has been granted four product patents for new chemical entities used for treatment of disorders associated with Neurodegenerative diseases

Dhanus Technologies has approved to issue bonus shares

Dhanus Technologies has approved to issue bonus shares in ratio of 12 equity shares for every 5 shares held.

Atul Europe has acquired 88% shares of U.K. based D.P.D

Atul Europe, a wholly owned subsidiary of Atul, has acquired 88% shares of U.K. based D.P.D. The acquired company is in the business of tissue culture date palm.

Centre for Monitoring Indian Economy (CMIE) has cut India's FY12 growth forecast to 8.1% from 8.6%

Centre for Monitoring Indian Economy (CMIE) has cut India's FY12 growth forecast to 8.1% from 8.6%.
CMIE said, delays in the commissioning of projects have made us less optimistic. “We are really concerned over the delays in the commissioning of projects,” he added.

World Health Organisation has delisted Panacea Biotec’s Vaccines

World Health Organisation has delisted Panacea Biotec’s DTP-based combination and monovalent hepatitis B vaccines from its list of pre-qualified vaccines

Food inflation falls to 9.03% for the week ended August 6 from 9.90% in the previous week.

Food inflation falls to 9.03% for the week ended August 6 from 9.90% in the previous week.

Aug 6 Primary Articles Inflation At 11.64% Vs 12.22%

Aug 6 Primary Articles Index Down 0.9% (WoW)

Aug 6 Food Articles Inflation At 9.03% Vs 9.9% (WoW)

Aug 6 Food Articles Index Down 1.7% (WoW)

Aug 6 Fuel Group Inflation At 13.13% Vs 12.19% (WoW)

Aug 6 Fuel Group Index Up 0.9% (WoW)

Suzlon gets 48.3 mw wind power order from Indian Oil

Suzlon gets 48.3 mw wind power order from Indian Oil. Suzlon had earlier built a 21 mw wind power project for Indian Oil in the Kutch district of Gujarat in 2009

Jet Airways plans to enhnace low fare cost segment

The airline plans to enhance its low cost offering to 90% from the current 70%. The company operates the full-service Jet Airways; a no-frills, all-economy-class service Jet Konnect, which shares planes and staff with the full-service airline; and a low-cost subsidiary Jet Lite (India) Ltd. Jet plans to merge the two under the Jet Airways Konnect brand in times to come

Manaksia to sell Solex Chemicals

Manaksia has entered into a share purchase agreement with Aura Chem for sale of 100 per cent stake in Solex Chemicals, a wholly owned subsidiary, for $1 .50 million.

Educomp solution income tax raid

 Income tax department has raided 14 offices of  Educomp solutions on alleged tax evasion, Stock plunged more then 12%

Nifty goes down below 5000

Nifty goes down below 5000 as inflation no.s not supporting the Market and unbearable for RBI so 50 Basis Points rate hike very sure so market will soon see 4900 mark and may be 4800 also possible as there is support coming for the market from any side

Axiata Tele to raise Stake in Idea Cellular

Malaysian based Axiata Tele is looking to raise its stake in Idea to 25% and is looking for nod from Indian promoter Aditya Birla

Gold hit record High of 26557

India's benchmark gold futures on the Multi Commodity Exchange extended the previous session's gains on Thursday morning and hit a new peak of Rs 26,557 per 10 grams, tailing a rally in the world market and on a weak rupee.

Piramal Healthcare to purchase 5.5% Stake in Vodafone

Piramal Healthcare has agreed to purchase approximately 5.5 per cent of the issued equity share capital of Vodafone Essar from ETHL Communications Holdings for cash consideration of Rs 2,8 5 6 crore.

GlaxoSmithKline Pharmaceuticals Q1 results

GlaxoSmithKline Pharmaceuticals reported standalone net profit of Rs 147.54 crore for quarter ended June 2011 against Rs 128.99 crore in the same period a year ago. Net sales were at Rs 561.54 crore as compared to Rs 497.93 crore.

VIP Industries results

VIP Industries reported consolidated net profit of Rs 38.4 crore for quarter ended June 2011 against Rs 30.1 crore in the same period a year ago. Total income was at Rs 282 crore as compared to Rs 242.20 crore. The company has also proposed sub-division of shares of face value Rs 10 each into 5 shares of face value Rs 2 each

ABG Shipyard Q1 Results

ABG Shipyard posted standalone net profit of Rs 40.06 crore and net sales of Rs 522.60 crore for quarter ended June 2011.

IL&FS Engineering and Construction results

IL&FS Engineering and Construction reported net loss of Rs 14.10 crore for quarter ended June 2011 against loss of Rs 43.46 crore in the same quarter a year ago. Net sales were at Rs 242.10 crore as compared to Rs 173.18 crore in the corresponding quarter last fiscal.

Career Point Q1 results

Career Point reported net profit of Rs 4.64 crore for quarter ended June 2011 against Rs 2.80 crore in the same quarter a year ago. Total income was at Rs 15.77 crore as compared to Rs 14.82 crore.

Shrenuj & Company results

Shrenuj & Company reported net profit of Rs 19.40 crore for quarter ended June 2011 against Rs 13.43 crore in the same period a year ago. Net sales were at Rs 676.10 crore as compared to Rs 465.69 crore.

Page Industries results

Page Industries posted net profit of Rs 27.68 crore for quarter ended June 2011 against Rs 13.69 crore in the same quarter last fiscal. Total income was at Rs 176.41 crore as compared to Rs 119.70 crore.

Bombay Rayon Fashions Q1 Results

Bombay Rayon Fashions reported standalone net profit of Rs 56.81 crore for quarter ended June 2011 against Rs 52.16 crore in the same quarter a year ago. Net sales were at Rs 603.82 crore as compared to Rs 502.69 crore.

Bharat Forge Q1 Results

Bharat Forge’s net profit surged 64 per cent to Rs 97.4 crore for quarter ended June 2011 and total income rose 36.3 per cent to Rs 872.4 crore.

GMR Infrastructure Q1 Results

GMR Infrastructure posted net profit of Rs 24.49 crore for quarter ended June 30, 2011 as compared to net loss of Rs 6.96 crore in the same quarter a year ago. Total income increased to Rs 267.94 crore from Rs 78.02 crore

Jayshree Tea Q1 Results

Jayshree Tea reported net profit of Rs 18.12 crore for quarter ended June 2011 as compared to Rs 11.76 crore in the same period a year ago. Total income was at Rs 92.56 crore as against Rs 83.32 crore in the corresponding quarter last year.

Lakshmi Machine Works Q1 Results

Lakshmi Machine Works reported net profit of Rs 41.14 crore for quarter ended June 2011 as compared to Rs 30.09 crore in the same period a year ago. Total income was at Rs 511.14 crore as against Rs 345.58 crore in the corresponding quarter last year.

Apollo Hospitals Enterprise Q1 results

Apollo Hospitals Enterprise reported standalone net profit of Rs 51.27 crore for quarter ended June 2011 against Rs 39.27 crore in the same period a year go. Net sales stood at Rs 641.01 crore from Rs 523.29 crore.

Adani Enterprises Q1 Results

Adani Enterprises posted consolidated net profit of Rs 569.81 crore for quarter ended June 2011 against Rs 407.44 crore in the same quarter last fiscal. Net sales were at Rs 9596.13 crore as compared to Rs 5536.08 crore.

Indian Oil Q1 Results

Indian Oil Corporation reported standalone net loss of Rs 3718.70 crore for quarter ended June 2011 against Rs 3388.39 crore in the same quarter a year ago. Net sales were at Rs 92100.17 crore as compared to Rs 71672.66 crore.

Suzlon bags 85 MW new orders worth USD 107 mn in India

Suzlon bags 85 MW new orders worth USD 107 mn in India

Bharat Forge's results

Bharat Forge's Q1 net profit jumped 64% to Rs 97.4 cr year-on-year. Net sales rose over 36% to Rs Rs 829 crore

Aurobindo Pharma results

 Aurobindo Pharma reported net profit of Rs 101.58 crore for quarter ended June 2011 against net profit of Rs 63.34 crore in the same quarter a year ago. Net sales were at Rs 1053.73 crore as compared to Rs 886.57 crore.

SAIL to form a joint venture with National Fertilisers

SAIL is likely to form a joint venture with National Fertilisers for its proposed Rs 4,450 crore-urea manufacturing plant in Jharkhand's Sindri, in which the steelmaker will retain the majority stake

Larsen & Toubro has bagged orders totaling $889 million for hydrocarbon projects

Larsen & Toubro has bagged three international orders totaling $889 million for hydrocarbon projects.

Barak Valley Cements results

Barak Valley Cements reported net loss of Rs 1.76 crore for quarter ended June 2011 against profit of Rs 2.93 crore in the same period a year ago. Total income was at Rs 25.02 crore as compared to Rs 25.57 crore.

Sun Pharma Advanced Research Results

Sun Pharma Advanced Research reported net loss of Rs 11.26 crore for quarter ended June 2011 against profit of Rs 48 lakhs. Total income was at Rs 10.08 crore as against Rs 14.73 crore.

Deepak Fertilisers Results

Deepak Fertilisers reported net profit of Rs 63.94 crore for quarter ended June 2011 against Rs 52.20 crore in the same quarter a year ago. Income was at Rs 473.87 crore as compared to Rs 350.54 crore.

Nelcast Results

Nelcast reported net profit of Rs 7.85 crore for quarter ended June 2011 against Rs 2.07crore in the same quarter a year ago. Total income was at Rs 155.91 crore as compared to Rs 94.82 crore

Mahindra & Mahindra Results

Mahindra & Mahindra reported standalone net profit of Rs 604.88 crore for quarter ended June 2011 against Rs 562.39 crore in the same period a year ago. Net sales were at Rs 6673.20 crore as compared to Rs 5124.17 crore.

Tata Chemicals Results

Tata Chemicals posted standalone net profit of Rs 110.83 crore for quarter ended June 2011 as compared to Rs 151.24 crore in the same quarter a year ago. Total income increased to Rs 1623.46 crore from Rs 1484.49 crore

Larsen & Toubro Results

Larsen & Toubro posted net profit of Rs 746.15 crore for quarter ended June 2011 as compared to Rs 666.17 crore in the same quarter a year ago. Total income increased to Rs 9778.79 crore from Rs 8046.82 crore in the corresponding quarter last fiscal.

Omaxe Results

Omaxe reported standalone net profit of Rs 12.52 crore for quarter ended June 2011 against Rs 18.20 crore in the same quarter a year ago. Net sales were at Rs 241.31 crore as compared to Rs 181.28 crore.

Sesa Goa will acquire 51% stake in Liberia-based Western Cluster

Sesa Goa will acquire 51% stake in Liberia-based Western Cluster for $ 90 million

UREA Decontrol update

GoM says urea companies are allowed to hike prices by 10% in first year. "There will be no price control on urea after 1 year."

Coal India and Sun Pharma will be included in Sensex from today

Coal India and Sun Pharma will be included in Sensex from today in place of Reliance Infra and Reliance Communications.

Ranbaxy Results

Ranbaxy reported net profit after tax of 243.2 crore rs. Againt 325.7 crore rs. previous year quarter. Sales stand at 2059.3 crore rs. Against 2095.3 crore rs. Previous year

Global slowdown impact on India

Now days everyone is talking about global slowdown, U.S. Debt crisis, Europian countries default but there is nothing wrong with India, Indian economy is on growth path, all -ve news in market had gone. Indian market may get down due to global slowdown this will impact IT Sector the most but banking sector , consumer goods, pharma, FMCG sectors growth intact with India so overall Indian market may not much impacted by global slowdown, Europian countries default but there is nothing wrong with India, Indian economy is on growth path, all -ve news in market had gone. Indian market may get down due to global slowdown this will impact IT Sector the most but banking sector , consumer goods, pharma, FMCG sectors growth intact with India so overall Indian market may not much impacted by global slowdown

Market Future now

Market is heading downwords in near term, but overall Indian economy is on growth path so long term is bullish for Market, there are not much negative news in the market only global cues takes toll on market so keep intact with market for long term and buy on every dips, buy stocks that are having strong fundamentals