LATEST BUSINESS NEWS

Nse AXISBANK 3.90 lacs @ 464.25 value 18.11 crs ( Bulk / Block Deal )

 

BHEL Q2 loss Rs.205cr vs PAT of Rs.125cr yoy, vs PAT of Rs.34cr qoq

 

M&M Q2 PAT Rs.924cr vs Rs.947cr yoy, vs Rs.852cr qoq

 

EUROPEAN MARKETS UPDATE: FTSE+1, CAX-27, DAX-23

 

On Monday (09.11.15) foll stocks will go ex dividend :Granules Rs.0.15, Marico Rs.1.75, Mayur Uniquoters Rs.0.8, Solar Ind Rs.9

 

BEML Q2 loss Rs.30cr vs loss of Rs.55cr yoy, vs loss of Rs.75cr qoq

 

VOLTAS Q2 cons PAT Rs.44cr vs Rs.50cr yoy, vs Rs.111cr (incl exp income Rs.11cr) qoq

 

SML ISUZU Q2 PAT Rs.6.4cr vs Rs.3.5cr yoy

 

SANGHVI MOVERS Q2 PAT Rs.30cr vs loss of Rs.8.5cr yoy

 

Mahindra & Mahindra reports marginal fall in Q2 net profit

The company’s total income has decreased by 1.67% to Rs 9730.92 crore for the quarter under review
Mahindra & Mahindra has reported results for second quarter ended September 30, 2015.

The company has reported 2.44% fall in its net profit at Rs 923.56 crore for the quarter ended September 30, 2015 as compared to Rs 946.63 crore for the same quarter in the previous year. The company’s total income has decreased by 1.67% to Rs 9730.92 crore for the quarter under review from Rs 9895.97 crore for the corresponding quarter of the previous year.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
source : ventura

 

ARCHIES Q2 PAT Rs.1.4cr vs Rs.1.1cr yoy

 

MOIL Q2 PAT Rs.49cr vs Rs.111cr yoy

 

Essar Oil reports 14% fall in Q2 net profit

The company’s total income has decreased by 39.68% to Rs 13734 crore for the quarter under review
Essar Oil has reported results for second quarter ended September 30, 2015.

The company has reported 14.10% fall in its net profit at Rs 201 crore for the quarter ended September 30, 2015 as compared to Rs 234 crore for the same quarter in the previous year. The company’s total income has decreased by 39.68% to Rs 13734 crore for the quarter under review from Rs 22770 crore for the corresponding quarter of the previous year.

Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.
source : ventura

 

Voltas reports 11% fall in Q2 consolidated net profit

Total income of the company has increased by 8.90% at Rs 1092.82 crore for quarter under review
Voltas has reported results for second quarter ended September 30, 2015.

The company has reported 11.33% rise in its net profit at Rs 91.18 crore for the quarter ended September 30, 2015 as compared to Rs 81.90 crore for the same quarter in the previous year. However, the company’s total income has decreased by 0.17% to Rs 1024.59 crore for the quarter under review from Rs 1026.31 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 11.02% fall in its net profit after taxes, minority interest and share of profit/(Loss) of associates at Rs 44.43 crore for the quarter ended September 30, 2015 as compared to Rs 49.93 crore for the same quarter in the previous year. However, total income of the company has increased by 8.90% at Rs 1092.82 crore for quarter under review as compared to Rs 1003.48 crore for the quarter ended September 30, 2014.
source : ventura

 

VIJAYA BANK Q2 PAT Rs.115cr vs Rs.144cr yoy

 

SAIL Q2 loss Rs.1056cr vs PAT of Rs.649cr yoy, vs loss of Rs.322cr qoq

 

VINDHYA TELELINK Q2 PAT Rs.21cr vs Rs.7cr yoy

 

Talwalkars Better Value Fitness signs MoU with Gymtrekker Fitness

TBVF shall invest in GFPL by subscribing to 19% of the total equity share capital of GFPL
Talwalkars Better Value Fitness (TBVF), one of India's largest fitness chains has signed Memorandum of Understanding (MoU) to invest growth capital into Gymtrekker Fitness (GFPL), a leading online health and fitness center discovery platform. GFPL is an online gym and fitness center discovery platform that connects the gym and fitness service providers with the potential fitness enthusiasts; it has tie ups with gyms wherein membership and other health and fitness services are provided through the GymTrekker portal.

TBVF shall invest in GFPL by subscribing to 19% of the total equity share capital of GFPL. Investment into GFPL shall enable TBVF to tap the fast growing online sales channel and further strengthen its existing online presence.

Talwalkars Better Value Fitness is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand ‘Talwalkars’.
source :ventura

 

Finolex Industries reports over three fold jump in Q2 net profit

The company’s total income has increased by 21.90% to Rs 480.84 crore for the quarter under review
Finolex Industries has reported results for second quarter ended September 30, 2015.

The company has reported over three fold jump in its net profit at Rs 41.88 crore for the quarter ended September 30, 2015 as compared to Rs 13.71 crore for the same quarter in the previous year. The company’s total income has increased by 21.90% to Rs 480.84 crore for the quarter under review from Rs 394.47 crore for the corresponding quarter of the previous year.

Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.
source : ventura

 

Is this not owned by RIL now?