LATEST BUSINESS NEWS

RPOWER Q2 cons PAT Rs.346cr vs Rs.253cr yoy, vs Rs.344cr qoq

 

IOC Q2 loss Rs.329cr vs Rs. loss of Rs.898cr yoy (ncl one time inc of Rs.390cr), vs PAT of Rs.6436cr qoq (inc extraordinary income of Rs.472cr)

 

CHAMBAL FERT Q2 PAT Rs.137cr vs Rs.115cr yoy, vs Rs.146cr qoq

 

MCLEOD RUSSEL Q2 PAT Rs.216.5cr vs Rs.222 yoy, vs loss of Rs.23cr qoq

 

PRISM CEMENT Q2 loss Rs.33cr vs loss of Rs.20cr yoy, vs loss of Rs.8cr qoq

 

Mcleod Russel India reports marginal fall in Q2 net profit

The total income of the company has increased by 5.10% at Rs 531.67 crore for the quarter under review
Mcleod Russel India has reported results for second quarter ended September 30, 2015.

The company has reported 2.27% fall in its net profit at Rs 216.48 crore for the quarter ended September 30, 2015 as compared to Rs 221.50 crore for the same quarter in the previous year. However, the total income of the company has increased by 5.10% at Rs 531.67 crore for the quarter under review as compared to Rs 505.88 crore in the corresponding quarter of the previous year.

Mcleod Russel India is the largest tea producing company in the world. In July 2005 McLeod Russel acquired Borelli Tea Holdings from the Magor family based in England and took over the 17 tea gardens of its Indian subsidiary Williamson Tea Assam. McLeod Russel is the largest tea exporter from India with a strong customer base in United Kingdom and Europe.
source:ventura

 

Thomas Cook's Centre of Learning inks strategic tie up with NTU Singapore

NTU Singapore is the fastest-rising university in the world's Top 15 and is ranked 13th as per QS World University Rankings 2015
Thomas Cook's education and training vertical, Centre of Learning has launched a Global Immersion Program in a strategic tie-up with Nanyang Technological University (NTU Singapore). NTU Singapore is the fastest-rising university in the world's Top 15 and is ranked 13th as per QS World University Rankings 2015. NTU is also placed 1st amongst the world's best young universities and ranked 1st in industry income and innovation.

The 7 day Global Immersion Program at NTU Singapore offers Indian students a valuable theory cum application model: academics coupled with corporate visits and sightseeing. The curriculum is focussed on key Global Tourism Management topics. Studying at the world ranked Nanyang Technological University offers India's youth vital global exposure and a significant platform to interact with international students and faculty. On completion, students receive a certificate of participation in The Global Immersion Program signed by the Dean off Nanyang Business School.

The program commences its first batch on January 11-17, 2016. The program package includes the study course at NTU Singapore with certification (Mumbai-Singapore return airfare, accommodation, all meals, visa, insurance and a fun element of sightseeing opportunities in Singapore). An exclusive the company’s tour manager will accompany the students to ensure their safety and security during the programme.

Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
source:ventura

 

BERGER PAINTS Q2 cons PAT Rs.89cr vs Rs.67cr yoy, vs Rs.77cr qoq

 

BALRAMPUR CHINNI Q2 loss Rs.14cr vs loss of Rs.64cr yoy, vs loss of Rs.74cr qoq

 

Berger Paints reports 33% rise in Q2 consolidated net profit

Total income of the company has increased by 6.02% at Rs 1177.20 crore for quarter under review
Berger Paints has reported results for second quarter ended September 30, 2015.

The company has reported 28.26% rise in its net profit at Rs 76.21 crore for the quarter ended September 30, 2015 as compared to Rs 59.42 crore for the same quarter in the previous year. The company’s total income has increased by 7.36% to Rs 1039.19 crore for the quarter under review from Rs 967.97 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 32.72% rise in its net profit of Rs 88.96 crore for the quarter ended September 30, 2015 as compared to Rs 67.03 crore for the same quarter in the previous year. Total income of the company has increased by 6.02% at Rs 1177.20 crore for quarter under review as compared to Rs 1110.35 crore for the quarter ended September 30, 2014.
source:ventura

 

PFC Q2 PAT Rs.1695cr vs Rs.1409cr yoy, vs Rs.1576cr qoq

 

Power Finance Corporation reports 20% rise in Q2 net profit

The total income of the company has increased by 12.47% at Rs 7024.09 crore for the quarter under
Power Finance Corporation has reported results for second quarter ended September 30, 2015.

The company has reported 20.36% rise in its net profit at Rs 1695.30 crore for the quarter ended September 30, 2015 as compared to Rs 1408.58 crore for the same quarter in the previous year. The total income of the company has increased by 12.47% at Rs 7024.09 crore for the quarter under review as compared to Rs 6245.31 crore in the corresponding quarter of the previous year.

Power Finance Corporation provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.
source: ventura

 

KRBL Q2 cons PAT Rs.78cr vs Rs. Rs.81cr yoy, vs Rs.80cr qoq

 

FINOLEX CABLES Q2 PAT Rs.65cr vs Rs.79cr yoy, vs Rs.48cr qoq

 

04-11-2015 Quarterly Results : source :bseindiadotcom
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Jain Irrigation Systems bags solar agri-pump order worth Rs 473 crore

The order bagged from MSEDCL is for supply and installation of 8,959 solar agri-pumps
Jain Irrigation Systems has bagged Maharashtra State Electricity Distribution Company’s (MSEDCL) most awaited tender worth Rs 473 crore for supply and installation of 8,959 solar agri-pumps. This is the first pilot phase out of the world’s biggest solar agri-pump project for 500,000 pumps launched by Government of Maharashtra through MSEDCL.

The tender will be executed by Projects Division of the Micro Irrigation Segment of the company and will also create additional sales opportunity for micro irrigation systems to individual farmers.

The company has emerged as the largest winner among all the 14 tenders floated by MSEDCL. The tender is expected to be serviced over next 6 to 12 months with further operational and maintenance support to the fanners for next 5 years.
source:ventura

 

NMDC reports 15.09 MT production of iron ore up to October 2015

The company’s Chhattisgarh mines produced 8.59 MT and Karnataka mines produced 6.5 MT
NMDC has reported 15.09 million tonnes (MT) of iron ore production and logged sales volume of 15.73 MT up to October 2015. The iron ore major stated that the company’s Chhattisgarh mines produced 8.59 MT and registered sales volume of 8.89 MT and Karnataka mines produced 6.5 MT and sold 6.83 MT up to October 2015.

The mining company has announced that lump ore prices have been fixed at Rs 2,400 WMT (wet metric tonne) and fines at Rs 1,560 WMT respectively with effect from November 03, 2015. The above prices are excluding royalty, taxes, duties and levies.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
source:ventura

 

PNC Infratech emerges lowest bidder for Aligarh-Moradabad Highway Project

The NHAI project to be executed on EPC basis, has a total contract cost of Rs 644.5 crore
PNC Infratech has been declared as the L1 (lowest) Bidder for the project of improvement/augmentation of 146.4 km long Aligarh-Moradabad section of NH-93 to two lanes with paved shoulders, in the state of Uttar Pradesh, under NHDP Phase- IV. The NHAI project to be executed on EPC basis, has a total contract cost of Rs 644.5 crore. The price bids were opened on November 3, 2015 with PNC’s bid being declared the lowest.

PNC has an order intake of Rs 1,743.0 crore in the current year and the firm’s order book in terms of contracts pending execution has crossed Rs 4,000 crore; this includes projects where the company is L1, but is yet to receive the letters of award (LoA).

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
source:ventura

 

Shoppers Stop’s arm opens ‘Hypercity’ store at Noida

With the opening of this store, there are now 17 ‘Hypercity’ stores
Shoppers Stop’s 51% subsidiary company - Hypercity Retail (India) has opened one ‘Hypercity’ store at Garden Galleria Mall, Noida. With the opening of this store, there are now 17 ‘Hypercity’ stores.

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

 

Power Grid reports 21% rise in Q2 net profit

The total income of the company has increased by 16.65% at Rs 5026.90 crore for the quarter under review
Power Grid Corporation of India (PGCIL) has reported results for second quarter ended September 30, 2015.

The company has reported 20.54% rise in its net profit at Rs 1448.04 crore for the quarter ended September 30, 2015 as compared to Rs 1201.27 crore for the same quarter in the previous year. The total income of the company has increased by 16.65% at Rs 5026.90 crore for the quarter under review as compared to Rs 4309.26 crore in the corresponding quarter of the previous year.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems.
source: ventura