LATEST BUSINESS NEWS

SRF commissions plant for manufacturing of specialty chemicals

The company has commissioned and capitalized the plant on January 31, 2016
SRF has commissioned and capitalized the dedicated plant for manufacturing of specialty chemicals for pharma sector on January 31, 2016 at a cost of Rs 43.73 crore. The said plant is located at SRF’s Chemical Complex at Dahej in state of Gujarat.

SRF has nine manufacturing facilities in India, four overseas plants and about 6,500 employees globally. The company is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.
source:ventura

 

Australia ASX All Ordinaries Australia -113.20 (-2.24% )
Shanghai SE Composite Index China -39.13 (-1.42% )
Hang Seng Hong Kong -520.92 ( -2.68% )
Nikkei 225 Japan -561.43 ( -3.16%)
Taiwan TSEC 50 Index Taiwan -68.24 ( -0.84% )

 

JB CHEMICALS Q3 PAT Rs.50cr vs Rs.24cr yoy, vs Rs.49cr qoq

 

MEGHMANI ORGANICS Q3 cons PAT Rs.23cr vs loss of Rs.5cr yoy, vs PAT of Rs.21cr qoq

 

Yday FIIs-114cr in Cash,-444cr in FNO. DIIs-323cr in Cash

 

REDINGTON Q3 cons PAT Rs.110cr vs Rs.101cr yoy, vs Rs.97cr qoq

 

PREMIER EXPLOSIVE Rs.2cr vs Rs.1cr yoy

 

Bajaj Finance reports 58% rise in Q3 net profit

The company’s total income has increased by 39.33% to Rs 2069.62 crore for the quarter under review
Bajaj Finance has reported results for third quarter ended December 31, 2015.

The company has reported 58.08% rise in its net profit at Rs 408.46 crore for the quarter ended December 31, 2015 as compared to Rs 258.38 crore for the same quarter in the previous year. The company’s total income has increased by 39.33% to Rs 2069.62 crore for the quarter under review from Rs 1485.39 crore for the corresponding quarter of the previous year.

Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work.
source:ventura

 

Camlin Fine Sciences' arm to acquire 65% stake in Dresen Quimica

The target entity Dresen Quimica S.A.P.l.de C.V., Mexico (Dresen) is a medium sized company which is proposed to be acquired with its group companies
Camlin Fine Sciences' subsidiary CFS Antioxidantes De Mexico S.A. DE C.V, Mexico (CFS Mexico) has entered into a share Purchase Agreements to acquire 65% stake in an entity in Mexico along with its proposed group companies, which shall be subject to certain conditions being fulfilled prior to the said acquisition. The target entity Dresen Quimica S.A.P.l.de C.V., Mexico (Dresen) is a medium sized company which is proposed to be acquired with its group companies (a condition precedent) means the Mexican entity Industries Petrotec de Mexico, S.A. de C.V.; the Peruvian company Nuvel, S.A.C.; the Guatemalan company Sritec, S.A., the Colombian company lnovel, S.A.S. and the Dominican Republic company Grinel, S.A. After the said acquisition, the company may expand its market reach in the North, Central and South America.

Dresen has large products portfolio, having proper sales mix with relevant processes and equipments in operation besides adequate installed capacity for operations to support future growth. It markets its products through its own sales force directed from its headquarters and its branches and a network of distributors in North, Central and South America.Camlin Fine is the world's second largest manufacturer and marketer of food grade antioxidants BHA (butylated hydroxyanisole) and TBHQ (Tertiary Butylhydroquinone).
source:ventura

 

Dish TV India reports consolidated net profit of Rs 68.49 crore in Q3

Total income of the company has increased by 9.70% at Rs 775.68 crore for quarter under review
Dish TV India has reported results for third quarter ended December 31, 2015.

The company has reported a net profit at Rs 100.39 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 2.87 crore for the same quarter in the previous year. The company’s total income has decreased by 12.66% to Rs 616.17 crore for the quarter under review from Rs 705.45 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported a net profit of Rs 68.49 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 2.63 crore for the same quarter in the previous year. However, total income of the company has increased by 9.70% at Rs 775.68 crore for quarter under review as compared to Rs 707.12 crore for the quarter ended December 31, 2014.
source:ventura

 

RELIGARE Q3 cons PAT Rs.185cr vs Rs.63.5cr qoq

 

MANGALAM CEMENT Q3 loss Rs.0.2cr vs loss of Rs.2cr yoy, vs loss of Rs.16cr qoq

 

BYKE Q3 PAT Rs.9cr vs Rs.7cr yoy

 

Today (04.02.15) declare Q3 results:

Bajaj Holdings, Kaveri Seeds, TBZ, Mphasis, Gillete, Ingersol Rand, MT Educare, Talwarkar, Trent, Nippo Battry, Zydus, Esab, Nitin Fire, GSPL, Dolphin Offshore, Berger Paints, FM Goetze, Arvind, Torrent Pharma, SriPipes, Bajaj Auto, Sanofi India, J K Lakshmi, Balaji Tele, Solar Ind, ABB, Onmobile, Moldtek Packaging, GE Shipping, Schneider, DLink, Sundaram Fasteners, Sty ABS, Fortis, Navneet Education, Inox Leisure, Heidelberg Cem, Tata Steel, SJVN

 

SKS Microfinance completes fourth securitization transaction of Rs 651.80 crore

The total sum of securitization completed during FY16 (YTD) is Rs 1,351 crore
SKS Microfinance has completed the fourth securitization transaction in FY16 for a pool value of Rs 651.80 crore. This is probably the largest securitization transaction ever in the MFI industry. With this transaction, the total sum of securitization completed during FY16 (YTD) is Rs 1,351 crore.

The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India’s Priority Sector lending guidelines. The pool has been rated AA (SO) by a leading rating agency, signifying a high degree of safety regarding timely servicing of financial obligations. Such instruments carry a very low credit risk.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. SKS' mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.
source:ventura

 

Today (05.02.16) declare Q3 results:

Eicher Motors, SCI, Prabhat Dairy, Alstom India, Aarti Drugs, Carborandum Universal,Speciality Restaurant, Tata Investment, Rico Auto, Elgi Equipment, Zuari Agro, Deepak Nitrite, TRIL, Sobha, PTC India, Cadilla Healthcare, SML Isuzu, Tata Power, Munjal Showa, NRB, Vijaya Bank, Sundaram Brake, NDTV, Whirlpool, Dishman Pharma, Lupin, Sona Koyo, 3M India, Divis Lab, Bosch, Ballarpur Ind, Radico Khaitan, Aarti Ind, Cox&Kings, Take Solution, TT Ltd, Man Infra, Jet Airways, KKCL, Hercules Hoist, Sadbhav Eng, Kothari Products, JK Cement

 

Birla Corp to acquire cement business of RInfra for Rs 4,800 crore

This acquisition will provide Birla Corp ownership of high quality assets taking its total capacity from 10 MTPA to 15.5 MTPA
Birla Corporation (Birla Corp) has entered into an agreement with Reliance Infrastructure (RInfra) for acquisition of its entire cement business for an Enterprise Value of Rs 4,800 crore. The two companies have agreed that Birla Corp shall acquire all of the shares of Reliance Cement Company (Reliance Cement). The acquisition, subject to approval of Competition Commission of India (CCIL) and other relevant regulatory authorities, will be funded through existing cash reserves and incremental debt.

This acquisition will provide Birla Corp ownership of high quality assets taking its total capacity from 10 MTPA to 15.5 MTPA strengthening its presence in the high growth central region. The company’s expansion potential will also be enhanced -with mineral concessions in states of MP, Maharashtra, Rajasthan, Karnataka, Andhra Pradesh and Himachal Pradesh - to emerge as a pan-Indian player in the foreseeable future.

Reliance Cement has three cement units, an integrated cement plant at Maihar (Madhya Pradesh) and grinding units at Kundanganj (Uttar Pradesh) and Butiburi (Maharashtra). Birla Corp will also benefit from Reliance Cement’s strategically located raw material sources, captive coal mine, optimum manpower, efficient operating parameters and technical capability for producing top end quality product.

Birla Corp, established in 1919, is part of the MP Birla Group with presence across cement and jute; cement constitutes over 90% of the company’s revenues with units in Rajasthan, Madhya Pradesh, Uttar Pradesh and West Bengal.
source : ventura

 

EICHER MOTORS Q3 con PAT Rs.271cr vs Rs.154cr yoy, vs Rs.255cr qoq

 

@RMSC Have they given any indication of loss suffered due to chennai flooing?

 

i dont know complete information ... may be some profit covered with insurance i think ..... it is only my speculation