LATEST BUSINESS NEWS

NCC reports consolidated net profit of Rs 41.20 crore in Q2

Total income of the company has decreased by 5.87% at Rs 2420.6 crore for quarter under review
NCC has reported results for second quarter ended September 30, 2015.

The company has reported 148.42% rise in its net profit at Rs 54.95 crore for the quarter ended September 30, 2015 as compared to Rs 22.12 crore for the same quarter in the previous year. However, the company’s total income has decreased by 5.97% to Rs 2147.98 crore for the quarter under review from Rs 2284.43 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported a net profit after taxes, minority interest and share of profit/(Loss) of associates at Rs 41.20 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 3.16 crore for the same quarter in the previous year. However, total income of the company has decreased by 5.87% at Rs 2420.6 crore for quarter under review as compared to Rs 2571.57 crore for the quarter ended September 30, 2014.
source : ventura

 

Nalco’s Q2 net declines by 34%

The company’s total income has decreased by 10.31% to Rs 1941.11 crore for the quarter under review
National Aluminium Company (Nalco) has reported results for second quarter ended September 30, 2015.

The company has reported 33.78% fall in its net profit at Rs 226.14 crore for the quarter ended September 30, 2015 as compared to Rs 341.52 crore for the same quarter in the previous year. The company’s total income has decreased by 10.31% to Rs 1941.11 crore for the quarter under review from Rs 2164.13 crore for the corresponding quarter of the previous year.

Nalco has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.
source : ventura

 

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Essar Ports informs about updates on voluntary delisting

Essar Ports has informed about proposed voluntarily delisting of the equity shares of the Company pursuant to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended. The Company has submitted an update received from the promoter in relation to the proposed delisting of the Equity Shares of the Company.

The above information is a part of company’s filings submitted to BSE.
source : ventura

 

TCS creates 1,000 graduate internships to help UK bridge digital skills gap

Each internship will last 12 months and will give graduates from British universities an opportunity to work for TCS in India
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, has unveiled a unique initiative to develop UK talent. One thousand young British university graduates will have the opportunity to spend a year training and working for TCS at its Innovation Labs and software development centres across India through a new partnership between the British Council and TCS.

With employment opportunities in the UK IT sector set to grow at almost twice the UK average employment rate between now and 2020 according to the Tech Partnership, the Social Market Foundation has predicted that the UK faces a shortfall in domestic supply of around 40,000 graduates in the fields of science, technology, engineering and mathematics per year. The new TCS-British Council partnership aims to address this challenge by helping to foster the next generation of digital talent in the UK and provide British employers with the graduates they will need to succeed in the future.

One thousand new internships will take place between 2016 and 2020 and will be managed jointly by the British Council and TCS. Each internship will last 12 months and will give graduates from British universities an opportunity to work for TCS in India, where they will receive training in the technical and commercial skills needed for a career in software development, global consulting, business process management or human resources. This new commitment is part of TCS' wider investment in training for its workforce, with over 100,000 employees being trained in emerging digital technologies this year alone.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.
source : ventura

 

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HCL Technologies enters into strategic partnership with IBM

HCL will use Bluemix, IBM’s Cloud platform to build applications and solutions in the areas of Unified Service Management and Internet of Things
HCL Technologies (HCL), a global IT service provider, and IBM Corp have entered into a strategic partnership to jointly build hybrid cloud solutions to help enterprises drive their digital transformations. HCL will use Bluemix, IBM’s Cloud platform to build applications and solutions in the areas of Unified Service Management and Internet of Things (IoT). The Unified Service Management offering will help clients manage the most demanding and complex service delivery environments. The IoT solutions will enable clients to collect and exchange data from a network of physical objects embedded with electronics, software, sensors, and connectivity.

HCL will also use IBM Cloud’s Infrastructure as a Service (IaaS), SoftLayer, to offer cloud-based solutions to its clients. HCL will be able to leverage the full-range of SoftLayer infrastructure services, including bare metal servers, virtual servers, storage, security services and networking in addressing the needs of their clients. Leveraging the HCL MyCloud and DryICE automation and orchestration platforms, HCL plans to offer highly scalable cloud environments, including IaaS solutions in dedicated, as well as shared models, for enterprise customers.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.
source : ventura

 

NHPC shuts down unit No 2 and 3 of Chutak Power Station

The shut-down is due to certain technical reasons and from October 25, 2015 and October 31, 2015 respectively
NHPC’s unit No 2 and 3 of Chutak Power Station are completely shut down due to certain technical reasons from October 25, 2015 and October 31, 2015 respectively.

NHPC is an Indian hydro power generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.
source : ventura

 

Infosys features as one of the most relevant brands for digital strategy in Everest Group survey

In a survey conducted with IT leaders across 120 North American enterprises, Infosys had high brand recall and was one of the five companies in the top quartile
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, has been named as one of the “most relevant” service providers for digital strategy in North America by the Everest Group in a report titled ‘North America Digital Adoption Survey - How Pervasive is Your Digital Strategy’. In a survey conducted with IT leaders across 120 North American enterprises, Infosys had high brand recall and was one of the five companies in the top quartile.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.
source : ventura

 

Jet Airways to upgrade daily services between Delhi and Singapore

The upgraded service will offer 50 percent more seat capacity than the Boeing 737 currently operating on this route
Jet Airways, India’s premier international airline, will upgrade its daily flights between Delhi and Singapore to an Airbus A330 aircraft, with effective from November 25, 2015. This will enable guests on this high demand sector to experience enhanced cabin comfort on board the wide-body aircraft, while offering convenient connections for those travelling from India to Australia and the ASEAN region over Singapore on code-share and interline partner airlines.

The upgraded service will offer 50 percent more seat capacity than the Boeing 737 currently operating on this route. The A330 offers guests Jet Airways’ award winning inflight experience with enhanced cabin comfort and a customized two-cabin seating configuration of 18 seats in Premiere and 236 in Economy.

Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.
source : ventura

 

RattanIndia Power reports consolidated net loss of Rs 125.52 crore in Q2

Total income has increased by 251.48% at Rs 702.12 crore for quarter under review
RattanIndia Power has reported results for the second quarter ended September 30, 2015.

The company has reported net loss of Rs 28.72 crore for the quarter as ended September 30, 2015 compared to a net loss of Rs 67.32 crore for the same quarter in the previous year. However, total income has increased by 263.10% at Rs 686.15 crore for quarter under review as compared to Rs 188.97 crore for the quarter ended September 30, 2014.

On consolidated basis, the company has reported net loss after taxes, minority interest and share of loss of Associates of Rs 125.52 crore for the quarter ended September 30, 2015 as compared to a net loss of Rs 158.41 crore for the same quarter in the previous year. However, total income has increased by 251.48% at Rs 702.12 crore for quarter under review as compared to Rs 199.76 crore for the quarter ended September 30, 2014.
source : ventura

 

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CESC Q2 cons PAT Rs.196cr vs Rs.192cr yoy, vs Rs.152cr qoq

 

Nse ITC 2 lac @ 330 value 6.60 crs

 

Yes Bank inks MoU with London Stock Exchange Group

The bank is planning to list a Green Bond of up to £330 million through MTNs on the London Stock Exchange by December 2016
Yes Bank, India's 5th largest private sector Bank, and London Stock Exchange Group (LSEG) have signed a memorandum of understanding (MoU) to foster the development around bond and equity issuance, with a strong focus on Green Infrastructure Finance. The MoU was signed on November 12 in London.

Yes Bank is planning to list a Green Bond of up to £330 million through MTNs on the London Stock Exchange by December 2016. The bank also intends to raise further capital in London potentially through the listing of Global Depository Receipt (GDR) as part of its overall £650 million of equity capital raising plans.

The bank has posted a rise of 26.50% in its net profit at Rs 610.41 crore for the quarter ended September 30, 2015 as compared to Rs 482.54 crore for the same quarter in the previous year. Total income has increased by 19.69% at Rs 3995.34 crore for quarter under review as compared to Rs 3337.97 crore for the quarter ended September 30, 2014.
source : ventura

 

RSMC Sir, Now the markets are falling. Some good quality stocks are also falling and are now available at attractive levels. Do you think it is a buy now or wait for FED decision on rate hike.

 

RSMC Sir, What is your view on Blis GVS, Allahabad Bank, Butterfly Gandhimati, Pennar Ind., Graphite India, Maxwell Ind., Genus Power?

 

VENUS REMEDIES Q2 PAT Rs.1.6cr vs Rs.10cr yoy, vs Rs.0.19cr qoq

 

Maxwell and Blis GVS is some over priced need correction , Graphite and genus power is good stocks ,
gandhimati is good stock accumulate in corrections , avoid ALBK because NPA PROBLEM

 

KAVERI SEEDS Q2 cons PAT Rs.47.5cr vs PAT of Rs.34cr yoy, vs PAT of Rs.218cr qoq