LATEST BUSINESS NEWS

RIL enters into license agreement with Resysta

The agreement gives RIL exclusive rights of production and marketing of RelWood
Reliance Industries (RIL) has entered into a license agreement with Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood, a Natural Fiber Polymer Composite (NFPC), in India.

This compound will be the raw material for the production of sheets & various profiles used in a wide range of wood & plywood replacement applications.

Reliance Industries (RIL) is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
source : ventura

 

Today (27.04.17) foll cos. will declare Q4 results :
Biocon, IBRealest, Hatsun Agro, Mahindra CIE, Maruti, Motilal Oswal, Kokuyu Camlin, Kotak Mahindra Bank, Reliance Capital, TVS Motor,SQS BFSI, Shriram Transport Finance, Ujjivan Finance, Syngene, Tata Elxsi, Uttam Sugar, HIL, GTL Infra, GTL
source : bseindia,nseindia & ventura

 

AXIS Bank reports 43% fall in Q4 net profit

Total income of the Bank increased by 4.33% at Rs 14181.31 crore for quarter under review
AXIS Bank has reported results for the fourth quarter and year ended March 31, 2017.

The Bank has posted a fall of 43.13% in its net profit at Rs 1225.10 crore for the quarter ended March 31, 2017 as compared to Rs 2154.28 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.33% at Rs 14181.31 crore for quarter under review as compared to Rs 13592.97 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted a fall of 55.26% in its net profit at Rs 3679.28 crore as compared to Rs 8223.66 crore for the same period in the previous year. However, total income of Bank increased 11.66% at Rs 56233.47 crore for year under review as compared to Rs 50359.50 crore for the period ended March 31, 2016.
source: ventura

 

KOTAK BANK Q4 cons PAT Rs.1404cr vs Rs.1055cr yoy, vs Rs.1267cr qoq

 

MARUTI Q4 PAT Rs.1709cr vs Rs.1476cr yoy, vs Rs.1745cr qoq

 

ONGC make 23 oil and gas discoveries in FY17

As many as 13 new discoveries were made in onland and 10 in offshore wells
Oil and Natural Gas Corporation (ONGC) has made 23 oil and gas discoveries in the fiscal year ended March 31, 2017, a 35 per cent jump over 17 finds made in 2015-16 fiscal, as a record number of wells drilled helped it uncover new reserves.

Of the 23 new discoveries, 12 are new prospects -- a potential trap which may contain hydrocarbons, while 11 are new pools -- a geological term for subsurface hydrocarbon accumulation. As many as 13 new discoveries were made in onland and 10 in offshore wells.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
source: ventura

 

Today (28.04.17) foll cos. will declare Q4 results :
Ambuja Cement, Ceat, Chola Fin, Coromandel Int, Deepak Nitrite, Federal Bank, IDFC, Mahindra Lifespace, Kesoram Ind, Kitex Garments, RPG Life,Raymond, Navin Fluoro, Shirpur Gold, UPL, Supreme Ind, Uttam Galva
source : BSEINDIA, NSEINDIA, VENTURA

 

DCB Bank raises Rs 378.80 crore through QIP

The bank offered 21,770,000 equity shares to qualified institutions buyers under the QIP at an issue price of Rs 174 per share
Private lender DCB Bank has raised Rs 378.80 crore through an issue of shares to qualified institutional investors on private placement basis. The bank offered 21,770,000 equity shares to qualified institutions buyers under the qualified institutional placement (QIP) at an issue price of Rs 174 per share.

The infusion of up to Rs 400 crore through the QIP will help the bank to add up to 2 percentage points to the core capital buffer.

The Bank had reported a lower net profit of Rs 53 crore for the fourth quarter ended March 2017, on higher provisioning and higher tax expense. The Bank had recorded a profit of Rs 70 crore in the same quarter last fiscal.
source: ventura

 

EPC Industrie reports 17% fall in Q4 net profit

Total income of the company decreased by 2.20% at Rs 56.43 crore for quarter under review
EPC Industrie has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a fall of 17.34% in its net profit at Rs 3.29 crore for the quarter ended March 31, 2017 as compared to Rs 3.98 crore for the same quarter in the previous year. Total income of the company decreased by 2.20% at Rs 56.43 crore for quarter under review as compared to Rs 57.70 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 13.27% in its net profit at Rs 9.90 crore as compared to Rs 8.74 crore in FY16. However, total income of company decreased by 0.94% at Rs 203.28 crore for year under review as compared to Rs 205.20 crore for the year ended March 31, 2016.
source: ventura

 

Sun TV Network launches ‘Surya Comedy Channel’

The new channel will be on air from April 29, 2017
Sun TV Network has launched one new additional channel ‘Surya Comedy Channel’ which is the first 24 hours Malayalam comedy channel to its bouquet of Malayalam channels namely Surya TV, Surya Movies, Surya Music and Kochu TV. The new channel will be on air from April 29, 2017.

Sun TV Network is one of the largest Television Broadcasters in India, operates Satellite Television Channels across four languages of Tamil, Telugu, Kannada and Malayalam, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League.
source: ventura

 

Shriram Transport Finance reports 4% rise in Q4 net profit

Total income of the company decreased by 7.44% at Rs 2712.31 crore for quarter under review
Shriram Transport Finance Company has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a rise of 3.97% in its net profit at Rs 149.63 crore for the quarter ended March 31, 2017 as compared to Rs 143.92 crore for the same quarter in the previous year. However, total income of the company decreased by 7.44% at Rs 2712.31 crore for quarter under review as compared to Rs 2930.20 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has reported a rise of 6.72% in its net profit at Rs 1257.34 crore as compared to Rs 1178.20 crore for the same period in the previous year. Total income of the company increased by 5.22% at Rs 10830.61 crore for year under review as compared to Rs 10293.48 crore for the period ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 6.93% in its net profit at Rs 1265.63 crore as compared to Rs 1183.62 crore for the same period in the previous year. Total income of company increased by 5.24% at Rs 10904.47 crore for year under review as compared to Rs 10361.97 crore for the period ended March 31, 2016.
source: ventura

 

Madhya Pradesh government grants mining lease to Prism Cement

The company has received LoI for allotment of cement grade limestone mining lease for 50 years with about 23.6 MT of reserves
Prism Cement has received Letter of Intent (LoI) from Madhya Pradesh Government for allotment of cement grade limestone mining lease for 50 years in Villages Chulhi and Majhiyar, District Satna, Madhya Pradesh, with about 23.6 million tons (MT) of reserves, subject to completion of formalities.

The application for this mining lease was made under the earlier regulations and was under processing by the State Government. The mining lease would be captive to the cement plants of the company at Satna, Madhya Pradesh.

Prism Cement is one of India’s leading integrated Building Materials Company, with a wide range of products from cement, ready-mixed concrete, tiles, bath products to kitchens.
source: ventura

 

Aditya Birla Fashion's brand Van Heusen registers rapid growth in record time of 6 months

Van Heusen forayed into the Rs 7000 crore men's Innerwear & Athleisure market in September 2016
Aditya Birla Fashion and Retail's brand Van Heusen has registered rapid growth for its 'Innerwear' business in a record time of 6 months. The brand is available across 1000+ multi brand outlets (MBOs) and leading departmental stores across South India, with an exclusive outlet in Chennai.

Van Heusen forayed into the Rs 7000 crore men's Innerwear & Athleisure market in September 2016. Since its foray into the new segment last year, Van Heusen has built a strong affinity with its consumers in Bangalore, Hyderabad, Chennal, Mangalore, Vijaywada, and now offers the all new Van Heusen Innerwear and Athleisure range to the consumers in Kerala.

Aditya Birla Fashion and Retail hosts India’s largest fashion network with over 7,000 points of sale across over 375 cities and towns, which include more than 2,000 exclusive outlets.
source: ventura

 

Shoppers Stop reduces stake in Nuance Group to 40%

The reduction in percentage aforesaid is on account of non-subscription of NGIPL s rights issue of equity shares by the company
Shoppers Stop’s shareholding in Nuance Group (India) (NGIPL), a joint venture company has been reduced from 50% to 40% of the paid up share capital of NGIPL. The reduction in percentage aforesaid is on account of non-subscription of NGIPL’s rights issue of equity shares by the company.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
source: ventura

 

FEDERAL BANK Q4 PAT Rs.257cr vs Rs.206cr qoq, vs Rs.10cr yoy

 

Shot up today

 

Ongc moves up so does CPEC ETF IN WHICH ongc has Max weightage

 

MRF Q4 PAT Rs.287cr vs Rs.423cr yoy

 

Karnataka Bank opens one new branch in Maharashtra

The Bank has inaugurated its 767th branch located at Nasik - Indira Nagar
Karnataka Bank has opened one new branch on May 04, 2017. The Bank has inaugurated its 767th branch located at Nasik - Indira Nagar (Maharashtra).

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
source: ventura

 

Today (05.05.17) foll cos. will declare Q4 results :
BlueDart, DalmiaBharat Sugar, Apcotex Ind, Apollo Tyres, BSE, Atul, GE Shipping, GNA Axles, Eicher Motors, Equitas Holding, FSL, Monsanto, Rain Ind, NIIT Tech,Sanofi India, Orient Cement, P&G, Universal Cables, Shankara, Shoppers Stop, TRIL, SPARC, Visaka Ind
source : NSE,BSE,ventura