LATEST BUSINESS NEWS

Financial Technologies’ arm enters into SPA for sale of its 14.3% stake in DGCX

Post completion of the above said transaction, FTGIPL would be completely exiting DGCX
Financial Technologies (India) (FTIL) - wholly owned subsidiary - FT Group Investments, Mauritius (FTGIPL), has entered into a Share Purchase Agreement (SPA) with Dubai Multi Commodities Centre (DMCC), for sale of its 14.3% stake held in DGCX for an aggregate consideration of $5,775,000.

The said transaction is subject to fulfillment of certain conditions including regulatory approvals, if any. Post completion of the above said transaction, FTGIPL would be completely exiting Dubai Gold and Commodities Exchange (DGCX).

FTIL is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.
Source : Ventura

 

Edelweiss Financial’s arm receives IRDA nod to increase foreign stake to 49%

The increase in Tokio Marine’s stake in Edelweiss Tokio Life Insurance will lead to a foreign direct investment of over Rs 525 crore
Edelweiss Financial Services’ insurance arm - Edelweiss Tokio Life Insurance, one of India’s fastest growing life insurance company has received Insurance Regulatory and Developmental Authority of India’s (IRDA) approval to increase Tokio Marine’s stake to 49% in the Joint venture (JV).

This will be a primary investment by Tokio Marine in the joint venture, a first within the Life insurance space. The increase in Tokio Marine’s stake will lead to a foreign direct investment of over Rs 525 crore.

Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services, one of India’s leading diversified Financial Services companies and Tokio Marine Holdings Inc., a global leader with over 135 years of experience in the insurance business. Tokio Marine currently owns 26% in Edelweiss Tokio Life Insurance, with Edelweiss owning the remainder.
Source : Ventura

 

Maruti Suzuki reports 27% jump in Q3 net profit

The company’s total income has increased by 18.96% to Rs 15113.40 crore for the quarter under review
Maruti Suzuki India has reported results for third quarter ended December 31, 2015.

The company has reported 27.06% rise in its net profit after tax at Rs 1019.30 crore for the third quarter as compared to Rs 802.20 crore for the same quarter in the previous year. The company’s total income has increased by 18.96% to Rs 15113.40 crore for the quarter under review from Rs 12704.70 crore for the corresponding quarter of the previous year.

Maruti Suzuki has registered a rise of 8.5% in its total car sales (Domestic + Export) for the month of December 2015 at 119,149 units, as against 109,791 units in 2014. The company’s domestic sales rose by 13.5% in December 2015 at 111,333 units, as against 98,109 units in corresponding month last year
Source : Ventura

 

IRB Q3 cons PAT Rs.170cr vs Rs.133cr yoy, vs Rs.149cr qoq

 

PVR reports 5% fall in Q3 consolidated net profit

Total income of the company has increased by 20.57% at Rs 507.11 crore for quarter under review
PVR has reported results for third quarter ended December 31, 2015.

The company has reported 6.68% fall in its net profit at Rs 29.33 crore for the quarter ended December 31, 2015 as compared to Rs 31.43 crore for the same quarter in the previous year. However, the company’s total income has increased by 14.46% to Rs 454.95 crore for the quarter under review from Rs 397.49 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 5.29% fall in its net profit after tax and minority interest at Rs 29.88 crore for the quarter ended December 31, 2015 as compared to Rs 31.55 crore for the same quarter in the previous year. However, total income of the company has increased by 20.57% at Rs 507.11 crore for quarter under review as compared to Rs 420.58 crore for the quarter ended December 31, 2014.
Source : Ventura

 

NTPC Q3 PAT Rs.2493cr vs Rs.3074cr yoy, vs Rs.2898cr qoq

 

SIEMENS Q3 PAT Rs.114cr vs Rs.634cr (inc exp inc of Rs.705cr) yoy, vs Rs.219cr qoq

 

Nse PHOENIXLTD 4.41 lacs @ 301 value 13.27 crs ( Bulk /Block Deal )

 

PRAJ Q3 cons PAT Rs.25.5cr vs Rs.12cr yoy, vs Rs.5cr qoq

 

SHOPPERS STOP Q3 PAT Rs.24cr vs Rs.14cr yoy

 

ECLERX Q3 cons PAT Rs.89cr vs Rs.61cr yoy, vs Rs.93cr qoq

 

Today (01.02.15)Q3 results :

Aban Offshore, Adani Ent, Ajanta Pharma, Brigade Ent, CenturyTex, Gravita, GujSiddhi Cem, EID Parry, Jindal Saw, Oriental Hotels, Mah Seamless, TCI, Tech Mahindra, RSWM, Saksoft, Shalimar Paints, TN Petro, State Bank of Travancore, Skipper, Tanla, Thirumalai Chemicals, VIP Ind, VRL Logistics, Welspun Corp, Zee Learn ,

 

Tomorrow (02.02.16) foll stocks will go ex dividend:BPCL Rs.12.5, Edelweiss Rs.1, Persistent Rs.5, Supreme Ind Rs.2.5

 

Today (02.02.15)Q3 results :

Escorts ,United Brewerie , Crompton Greave , Amara Raja Batt ,DLF ,Cummins , Cera Sanitary , HSIL , Shree Cements,Bayer CropScien ,Century Enka , Godrej Prop , Uflex , SNL Bearings , Manali Petro , Welspun India,Makers Labs , RPG Life ,Tube Investment , KRBL ,Torrent Power, Tata Comm , TVS Electronics , DCM Shriram , Tamil Newsprint , Indraprastha , Jindal Stainles , Grindwell Norto ,Jai Corp ,Navneet , Mah Scooters ,Minda Ind ,JSL Industries ,JSW Holdings, Dhunseri Tea ,Oudh Sugar Mill ,R J Bio-Tech ,OCL India , Saurashtra Cem , Assoc Stone , Elegant Marble , Raj Agro Mills , Majesco , Commercial Eng , Kalyani Forge , Bhagwati Auto , SRS Real Infra , Ashish Polyplas , GRP , Arshiya , Simplex Realty , Suryalakshmi Co , Damodar Ind , Cantabil Retail , Khatau Exim Ltd ,Varun Mercantil , Shri Shakti LPG , Transcorp Intl , UFO Moviez , Snowman Logist , Adani Trans

 

SML Isuzu reports 8.69% rise in January sales

The company has sold 838 vehicles during January, 2016 against 771 vehicles sold in January, 2015
SML Isuzu has reported 8.69% rise in January sales. The company has sold 838 vehicles during January, 2016 against 771 vehicles sold in January, 2015.

The company had reported 18.27% fall in December sales. The company had sold 877 vehicles during December, 2015 against 1073 vehicles sold in December, 2014.

SML Isuzu manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more.
source : ventura

 

M&M concludes sale of equity shares of SAL for Rs 24.83 crore

The company has completed the sale of equity shares on February 01, 2016
Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has completed the sale of equity shares held by it in Swaraj Automotives (SAL), a listed subsidiary of the company, for Rs 24.83 crore. The company has completed the sale of equity shares of Swaraj Automotives on February 01, 2016.

Mahindra & Mahindra (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

 

Coal India reports 52.86 million tonnes of production in January 2016

The company’s total off-take for the month of January stood at 48.32 million tonnes as against a target of 50.85 million tonnes
Coal India, the world’s largest coal miner by output, has reported provisional production of 52.86 million tonnes in January 2016, as against target of 56.18 million tonnes. The company’s total off-take for the month of January stood at 48.32 million tonnes as against a target of 50.85 million tonnes.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
source : ventura

 

CERA Q3 PAT Rs.20cr vs Rs.16cr yoy, vs Rs.18cr qoq

 

Godrej Properties reports 10% rise in Q3 consolidated net profit

Total income of the company has decreased by 16.40% at Rs 450.29 crore for quarter under review
Godrej Properties has reported results for third quarter ended December 31, 2015.

The company has reported 22.12% fall in its net profit at Rs 24.30 crore for the quarter ended December 31, 2015 as compared to Rs 31.20 crore for the same quarter in the previous year. The company’s total income has decreased by 1.48% to Rs 156.82 crore for the quarter under review from Rs 159.18 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 10.06% rise in its net profit after minority interest at Rs 51.99 crore for the quarter ended December 31, 2015 as compared to Rs 47.24 crore for the same quarter in the previous year. However, total income of the company has decreased by 16.40% at Rs 450.29 crore for quarter under review as compared to Rs 538.64 crore for the quarter ended December 31, 2014.
source:ventura

 

ADANI TRANSMISSION Q3 cons PAT Rs.80cr vs Rs.153cr qoq