LATEST BUSINESS NEWS

L&T consortium wins order worth Rs 1213 crore from DFCCIL

The design and build order involves electrification works for a 422 km section of the western dedicated freight corridor from Vadodara in Gujarat to JNPT (near Mumbai) in Maharashtra
Larsen & Toubro in consortium with Sojitz Corp, Japan has won a major order worth Rs 1213 crore from the Dedicated Freight Corridor Corporation of India (DFCCIL). The design and build order involves electrification works for a 422 km section of the western dedicated freight corridor from Vadodara in Gujarat to JNPT (near Mumbai) in Maharashtra. The section spanning across two states is in continuation to the Rewari - Vadodara Section (915 km) for which L&T Construction is already executing the electrification works with similar design. Both these projects put together make it one of the largest railway electrification projects in the world, covering 1337 route km with over 3000 track km of high-rise railway electrification.

This section will be designed for 2x25 kV traction power systems with high-rise Overhead Equipment (OHE) suitable for double stack containers dedicated for freight transport. The scope of work includes construction of seven traction substations (TSS) out of which one TSS will be GIS based, 40 switching stations, 897 track km of OHE, SCADA works at 12 stations and an operational control centre along with the supply of all associated equipment. Traction power transformers, auto transformers and copper conductors will be imported from Japan for this project. The project is scheduled to be completed in 42 months. The project will be executed using mechanized means of OHE installation using the latest technology in railway construction. This will be a one-of-its-kind energy efficient system to be implemented for India's rail sector.

DFCCIL is a special purpose vehicle of the Indian Railways, mandated to build dedicated freight corridors. This project is funded by Japan International Cooperation Agency (JICA) and is part of the 1,490 km western corridor proposed between Dadri (near Delhi) and Jawaharlal Nehru Port Trust (near Mumbai).
source : ventura

 

Nse CARBORUNIV 2.73 lacs @ 180.50 value 4.92 crs (Bulk / Block Deals )

 

Indiabulls Real Estate reports marginal rise in Q3 consolidated net profit

Total income declined 6.49% to Rs 681.49 crore in the quarter under review
Indiabulls Real Estate has reported results for third quarter ended December 31, 2015.

The company has registered 159.21% rise in its net profit at Rs 8.03 crore for the quarter under review, as compared to Rs 3.10 crore for the same quarter in the previous year. However, total income of the company has decreased 8.93% at Rs 81.15 crore for Q3FY16 as compared Rs 89.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit rose 2.14% to Rs 80.44 crore for the Q3 FY16 as compared to Rs 78.76 crore in Q3 FY15. However, total income declined 6.49% to Rs 681.49 crore in the quarter under review as compared to Rs 728.79 crore in the corresponding quarter previous year.
source : ventura

 

Nse AIL 2 lacs @ 635 value 12.70 crs (Bulk / Block Deals )

 

Biocon reports 13% rise in Q3 consolidated net profit

Total income surged 9.90% to Rs 856.1 crore in the quarter under review
Biocon has reported results for third quarter ended December 31, 2015.

The company has registered 19.55% rise in its net profit at Rs 68.5 crore for the quarter under review, as compared to Rs 57.3 crore for the same quarter in the previous year. Total income of the company has increased 3.25% at Rs 565.3 crore for Q3FY16 as compared Rs 547.5 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit rose 13.31% to Rs 103 crore for the Q3 FY16 as compared to Rs 90.9 crore in Q3 FY15. Moreover, the total income surged 9.90% to Rs 856.1 crore in the quarter under review as compared to Rs 779 crore in the corresponding quarter previous year.
source : ventura

 

Gujarat State Fertilizers & Chemicals reports marginal fall in Q3 net profit

The company’s total income has increased by 21.78% to Rs 1628.09 crore for the quarter under review
Gujarat State Fertilizers & Chemicals has reported results for third quarter ended December 31, 2015.

The company has reported 0.22% fall in its net profit at Rs 103.24 crore for the quarter ended December 31, 2015 as compared to Rs 103.47 crore for the same quarter in the previous year. However, the company’s total income has increased by 21.78% to Rs 1628.09 crore for the quarter under review from Rs 1336.90 crore for the corresponding quarter of the previous year.

The company is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.
source : ventura

 

Raymond reports 28% fall in Q3 consolidated net profit

Total income of the company has increased by 7.98% at Rs 1507.63 crore for quarter under review
Raymond has reported results for third quarter ended December 31, 2015.

The company has reported 17.58% fall in its net profit at Rs 37.59 crore for the quarter as compared to Rs 45.61 crore for the same quarter in the previous year. However, total income of the company has increased by 9.80% at Rs 801.46 crore for quarter under review as compared to Rs 729.91 crore for the quarter ended December 31, 2014.

On the consolidated basis, the group has reported 28.46% fall in its net profit at Rs 40.11 crore for the quarter ended December 31, 2015 as compared to Rs 56.07 crore for the same quarter in the previous year. However, total income of the company has increased by 7.98% at Rs 1507.63 crore for quarter under review as compared to Rs 1396.26 crore for the quarter ended December 31, 2014.
source : ventura

 

Morgan Stanley Asia sells 5.68 lakh shares of Gati

The shares were sold on an average price of Rs 107.95 valuing the transaction to Rs 6.13 crore
Morgan Stanley Asia (Singapore) has sold 5.68 lakh shares of Gati through the open market route. The shares were sold on an average price of Rs 107.95 valuing the transaction to Rs 6.13 crore.

Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo
source : ventura

 

Nse BOSCHLTD 8 k @ 17600 value 14.96 crs (Block /Bulk Deal )

 

DB CORP Q3 cons PAT Rs.107cr vs Rs.105cr yoy, vs Rs.59cr qoq

 

L&T FINANCE Q3 cons PAT Rs.212cr vs Rs.182cr yoy, vs Rs.215cr qoq

 

ATUL Q3 PAT Rs.61cr vs Rs.54cr yoy, vs Rs.84cr qoq

 

Coromandel International reports 33% fall in Q3 consolidated net profit

Total income of the company has decreased by 6.90% at Rs 2769.63 crore for quarter under review
Coromandel International has reported results for third quarter ended December 31, 2015.

The company has reported 41.07% fall in its net profit at Rs 81.79 crore for the quarter ended December 31, 2015 as compared to Rs 138.80 crore for the same quarter in the previous year. The company’s total income has decreased by 18.32% to Rs 2762.71 crore for the quarter under review from Rs 3382.25 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 33.42% fall in its net profit after tax and minority interest and Share of Profit / (Loss) of Associates at Rs 80.36 crore for the quarter ended December 31, 2015 as compared to Rs 120.69 crore for the same quarter in the previous year. Total income of the company has decreased by 6.90% at Rs 2769.63 crore for quarter under review as compared to Rs 2974.90 crore for the quarter ended December 31, 2014.
source : ventura

 

Today (25.01.16) declare Q3 result :

Cosmo Films, Asahi Songwon,Concor, Eveready Ind, Everest Ind, HCL Info, HDFC Bank , Hester Bio, Hindustan Media, Indosolar, Intellect Design, Parry Sugar, Mcleod Russel, MRF, Kansai Nerolac, Kaya, Kirloskar Bros, Kitex Garments, Nilkamal, Subros, Rane Madras, Supreme Ind, Swaraj Engines, Thangamayil Jewellery, Somany Ceramics, Vardhaman Textiles, Wendt India, Williamson Magor

 

Ramco Systems to acquire 18.93% stake in Smartmegh Solutions

The company has entered in to a share subscription cum shareholder’s agreement to subscribe for 18.93% shareholding in Smartmegh Solutions
Ramco Systems, the global Aviation software provider on cloud, mobile & tablets, has entered in to a share subscription cum shareholder’s agreement on January 23, 2016 to subscribe for 18.93% shareholding in Smartmegh Solutions. The company will purchase 2,335 equity shares of Rs 10 each of Smartmegh Solutions at a premium of Rs 6,414 each.

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.
source : ventura

 

Centrum Capital to raise up to Rs 50 crore through private placement

The company will raise funds by issuance of Secured Unrated Unlisted Redeemable Optionally-Convertible Debentures
Centrum Capital has received an approval for issuance of Secured Unrated Unlisted Redeemable Optionally-Convertible Debentures up to an amount of Rs 50 crore by way of private placement. The Fund Raising Committee in its meeting held on January 23, 2016 has approved for the same.

Centrum Capital is one of the leading financial companies in the country that offers innovative, customized and integrated financial solutions.
source : ventura

 

On Fri, FIIs-770cr in Cash,+1416cr in FNO. DIIs+916cr in Cash.

 

Inox Wind’s arm acquires 100% stake in Vinirrmaa Energy Generation

Consequently, Vinirrmaa Energy Generation has become step down Subsidiary of Inox Wind with effect from January 23, 2016
Inox Wind’s - wholly owned subsidiary - Inox Wind Infrastructure Services, has wholly acquired Vinirrmaa Energy Generation with effect from January 23, 2016. Consequently, Vinirrmaa Energy Generation has become step down Subsidiary of Inox Wind.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors.
source : ventura

 

ITC reports marginal rise in Q3 net profit

The company’s total income has increased by 3.47% to Rs 9854.66 crore for the quarter under review
ITC has reported results for third quarter ended December 31, 2015.

The company has reported 0.68% rise in its net profit at Rs 2652.82 crore for the quarter ended December 31, 2015 as compared to Rs 2635 crore for the same quarter in the previous year. The company’s total income has increased by 3.47% to Rs 9854.66 crore for the quarter under review from Rs 9524.58 crore for the corresponding quarter of the previous year.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products
source : ventura

 

Persistent Systems reports 4% rise in Q3 consolidated net profit

The total income surged 17.59% to Rs 610.73 crore in the quarter under review
Persistent Systems has reported results for third quarter ended December 31, 2015.

The company has reported 1.83% fall in its net profit at Rs 60.02 crore for the quarter under review as compared to Rs 61.14 crore for the same quarter in the previous year. However, total income of the company has increased by 15.11% at Rs 400.76 crore for quarter under review as compared to Rs 348.14 crore for the quarter ended December 31, 2014.

On the consolidated basis, the company’s net profit rose 4.07% to Rs 77.48 crore for the Q3 FY16 as compared to Rs 74.46 crore in Q3 FY15. Moreover, the total income surged 17.59% to Rs 610.73 crore in the quarter under review as compared to Rs 519.38 crore in the corresponding quarter previous year.
source : ventura