LATEST BUSINESS NEWS

Nse ICICIBANK 5.53 lacs @ 275.75 value 15.25 crs (BULK /BLOCK DEAL)

 

Nse HCLTECH 1.40 lacs @ 874.50 value 12.24 crs (BULK /BLOCK DEAL)

 

Nse WHIRLPOOL 2.15 lacs @ 648 value 13.93 crs (BULK /BLOCK DEAL)

 

KOTAK BANK Q2 cons PAT Rs.942cr vs Rs.718cr yoy, vs Rs.517cr qoq

 

ITC 's July-September quarter earnings missed analysts' expectations on Friday with profit flat Rs 2,431 crore and revenue falling over 1 percent to Rs 8,904 crore year-on-year.

According to analysts polled by CNBC-TV18, profit was estimated at Rs 2,550 crore (up 5 percent) and revenue of Rs 9,420 crore (up 4.3 percent) with operating profit rising 5.3 percent to Rs 3,675 crore and margin expansion of 30 basis points.
At 12:46 hrs ITC was quoting at Rs 338.20, down Rs 11.55, or 3.30 percent on the BSE.

 

CENTURY TEX Q2 loss Rs.24cr vs PAT of Rs.1cr yoy, vs loss of Rs.29cr qoq

 

APOLLO TYRE Q2 cons PAT Rs.279cr vs Rs.258cr yoy, vs Rs.291cr qoq

 

L&T Q2 cons PAT Rs.996cr (incl exp gain of Rs.310cr) vs Rs.862cr yoy, vs Rs.606cr qoq

 

ITC reports marginal rise in Q2 net profit

The company’s total income has decreased by 0.82% to Rs 9303.43 crore for the quarter under review
ITC has reported results for second quarter ended September 30, 2015.

The company has reported 0.25% rise in its net profit at Rs 2431.25 crore for the quarter ended September 30, 2015 as compared to Rs 2425.16 crore for the same quarter in the previous year. However, company’s total income has decreased by 0.82% to Rs 9303.43 crore for the quarter under review from Rs 9379.96 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

 

Ajanta Pharma reports 20% jump in Q2 consolidated net profit

Total income of the company has increased by 17.75% at Rs 443.08 crore for quarter under review
Ajanta Pharma has reported results for second quarter ended September 30, 2015.

The company has reported 20.02% rise its net profit at Rs 94.37 crore for the quarter ended September 30, 2015 as compared to Rs 78.63 crore for the same quarter in the previous year. The company’s total income has increased by 16.80% to Rs 412.54 crore for the quarter under review from Rs 353.20 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 20.43% rise in its net profit at Rs 99.96 crore for the quarter ended September 30, 2015 as compared to Rs 83 crore for the same quarter in the previous year. Total income of the company has increased by 17.75% at Rs 443.08 crore for quarter under review as compared to Rs 376.28 crore for the quarter ended September 30, 2014.
source:ventura

 

ICICI Bank gets nod to sale 9% stake in ICICI Lombard General Insurance to Fairfax Financial

Upon completion of the transaction, the share ownership in ICICI Lombard of ICICI Bank and Fairfax will be approximately 64% and 35%, respectively

ICICI Bank, India’s largest private sector bank, has received its board's approval for selling 9.0% shareholding in ICICI Lombard General Insurance Company (the Company) to its joint venture partner, Fairfax Financial Holding. The proposed transaction values the Company at Rs 17,225 crore ($ 2.6 billion). The transaction is subject to governmental and regulatory approvals. Upon completion of the transaction, the share ownership in the Company of ICICI Bank and Fairfax will be approximately 64% and 35%, respectively. The transaction reflects the Company’s franchise as the leading private sector general insurer in India, the substantial potential for profitable growth of the business and the strong relationship between the joint venture partners.

ICICI Bank is India's largest private sector bank. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 17 countries, including India.
source:ventura

 

Titan Company reports 39% fall in Q2 net profit

The company’s total income has decreased by 25.64% to Rs 2684.88 crore for the quarter under review
Titan Company has reported results for second quarter ended September 30, 2015.

The company has reported 39.42% fall in its net profit at Rs 145.39 crore for the quarter ended September 30, 2015 as compared to Rs 239.98 crore for the same quarter in the previous year. The company’s total income has decreased by 25.64% to Rs 2684.88 crore for the quarter under review from Rs 3610.87 crore for the corresponding quarter of the previous year.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
source:ventura

 

Larsen & Toubro reports 16% rise in Q2 consolidated net profit

The total income of the company has increased by 10.47% at Rs 23612.32 crore for quarter under review
Larsen & Toubro has reported results for second quarter ended September 30, 2015.

The company has reported 14.03% rise in its net profit at Rs 1188.42 crore for the quarter ended September 30, 2015 as compared to Rs 1042.18 crore for the same quarter in the previous year. The company’s total income has increased by 3.01% to Rs 13721.76 crore for the quarter under review from Rs 13320.17 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 15.57% rise in its net profit after taxes and minority interest and share in profit of associates at Rs 995.90 crore for the quarter ended September 30, 2015 as compared to Rs 861.75 crore for the same quarter in the previous year. The total income of the company has increased by 10.47% at Rs 23612.32 crore for quarter under review as compared to Rs 21373.89 crore for the quarter ended September 30, 2014.
source:ventura

 

Axis Bank raises Rs 3,000 crore through NCDs

The bank has allotted 30,000 senior unsecured redeemable non-convertible debentures of the face value of Rs 10 lakh each for cash
Axis Bank, a private sector lender, has raised Rs 3,000 crore by allotting non-convertible debentures. The bank has allotted 30,000 senior unsecured redeemable non-convertible debentures of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3,000 crore on private placement basis.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
source:ventura

 

ICICI Bank reports 12% rise in Q2 consolidated net profit

Total income of the bank has increased by 13.49% at Rs 25137.61 crore for quarter under review
ICICI Bank has reported results for second quarter ended September 30, 2015.

The bank has reported 11.85% rise in its net profit at Rs 3030.11 crore for the quarter ended September 30, 2015 as compared to Rs 2709.01 crore for the same quarter in the previous year. The bank’s total income has increased by 8.18% to Rs 16106.22 crore for the quarter under review from Rs 14888.95 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported 11.55% rise in its net profit after taxes, minority interest and share of profit of associates at Rs 3418.53 crore for the quarter ended September 30, 2015 as compared to Rs 3064.62 crore for the same quarter in the previous year. Total income of the bank has increased by 13.49% at Rs 25137.61 crore for quarter under review as compared to Rs 22150.39 crore for the quarter ended September 30, 2014.
source:ventura

 

Shree Cement commissions Grinding Unit at Bulandshahr in Uttar Pradesh

The company has commissioned Grinding Unit of 2.0 MTPA Capacity on October 30, 2015
Shree Cement has commissioned Grinding Unit of 2.0 Million Tons Per Annum (MTPA) Capacity at Bulandshahr in Uttar Pradesh on October 30, 2015.

Shree Cement the leading cement manufacturing in North India was incorporated in the year 1978. Its cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand.
source:ventura

 

Divis Laboratories reports 29% rise in Q2 net profit

The company’s total income has increased by 17.12% to Rs 993.96 crore for the quarter under review
Divis Laboratories has reported results for second quarter ended September 30, 2015.

The company has reported 28.78% rise in its net profit at Rs 295.73 crore for the quarter ended September 30, 2015 as compared to Rs 229.64 crore for the same quarter in the previous year. The company’s total income has increased by 17.12% to Rs 993.96 crore for the quarter under review from Rs 848.68 crore for the corresponding quarter of the previous year.

Divis Laboratories focussed on developing new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. The company in a matter of short time expanded its breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.
source:ventura

 

02-11-2015 Major companies Quarterly Results :

Adani Enter , Adani Ports , Aadlabs , CARE , Indian Bank , JP Power Ventures ,Neelkamal , Piramal Enter,
Pantaloon Fashion , Reliance Capital , United Brew , United Spirits , VRL Logistic ,BATLIBOI,DCMSHRIRAM,
ECLERX, ESCORTS, ESTER ,GEOMETRIC ,GREAVESCOT ,HINDMOTORS ,INDIACEM ,IMPAL ,JPINFRATEC , MAYURUNIQ ,MONSANTO ,RUCHISOYA ,SONATSOFTW ,Ajmera Realty, AIA Eng, Brigade
source:bseindia

 

Birla Corporation commissions Cement Blending Unit at Raebareli

The said Cement Blending Unit has an annual capacity of 5 lac tons
Birla Corporation has commissioned its Cement Blending Unit at Raebareli with an annual capacity of 5 lac tons.

The company had earlier in August, agreed to a transaction with Lafarge India, whereby Birla Corp, either directly or through its wholly owned subsidiary, shall acquire both the Jojobera and Sonadih cement businesses from Lafarge India for an Enterprise Value of Rs 5,000 crore.

Birla Corporation operates four division cement, jute, vinoleum and auto trim. It has eight manufacturing facilities located in Pune, Rajasthan, West Bengal, Gurgoan, Uttar Pradesh and Madhya Pradesh.
source:ventura

 

Coal India reports 44.37 million tonnes of production in October 2015

The company’s total off-take for the month of October stood at 44.41 million tonnes
Coal India, the world’s largest coal miner by output, has reported provisional production of 44.37 million tonnes in October 2015, as against target of 46.84 million tonnes. The company’s total off-take for the month of October stood at 44.41 million tonnes as against a target of 44.31 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