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Tuesday, October 21, 2008
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CORPORATE RESULTS

HOTELS: Indian Hotels net slips 5% on exchange loss
Mumbai Oct. 20 Indian Hotels Co Ltd, a Tata Group entity that runs the Taj Hotel chain, reported a nearly 5 per cent dip in net profit for the quarter ended September 30, 2008, at Rs 50.66 crore against Rs 53.24 crore in the corresponding ...

PUBLIC SECTOR BANKS: Canara Bank Q2 net rises 32% on improved income
To await Credit Policy for decision on lending rate cuts: Mahajan. Bangalore, Oct. 20 Canara Bank has ruled out any immediate cut in the benchmark prime lending rate (BPLR) after the Reserve Bank of India cut repurchase rate to 8 ...

TELECOMMUNICATIONS: Idea Cellular net dips on expansion costs
May spin off Punjab, Karnataka licences to ‘eligible transferee’. Mumbai, Oct. 20 Telecom service provider Idea Cellular Ltd on Monday reported a 34.6 per cent dip in consolidated net profit for the second quarter ended September 30, ...

CEMENT: Digvijay Cement turns sick; Q2 net loss at Rs 3.35 cr
Interest arrears to Grasim amount to Rs 43 cr. Mumbai, Oct. 20 The Gujarat-based Shree Digvijay Cement, which is now owned by Cimpor of Portugal, has declared itself ‘sick’ as more than 50 per cent of the company’s net worth ...

PETROLEUM: Petronet Q2 profit dips 10% as sales decline
Dahej terminal supplies cut on maintenance work. New Delhi, Oct. 20 Petronet LNG Ltd (PLL) has reported a 10.51 per cent dip in its net profit for the second quarter (ended September 30) of the current fiscal. PLL net dipped to Rs 103.36 crore ...

SOFTWARE: Geometric net rises
Geometric Ltd, provider of engineering services and product lifecycle management solutions and technologies, has recorded a total income of Rs 65.30 crore for the quarter ended September 2008. For the previous fiscal, it was Rs 50.67 crore. ...

PHARMACEUTICALS: Granules India net up 36.5%
Granules India Ltd’s net profit increased 36.5 per cent at Rs 2.74 crore in the first quarter ended September 30, 2008 compared with Rs 2.02 crore in the corresponding quarter of previous fiscal. The total income had gone up over 60 per ...

ENGINEERING: Texmaco net up 59% in Q2
Texmaco Ltd has posted 35 per cent growth in gross sales and 59 per cent jump in net profit in the second quarter to September 30 against the corresponding quarter of the previous financial year. It reported on Monday a net profit of Rs 20.16 ...

SOFTWARE: MindTree consolidated net rises 37% in Q2
Maintains revenue forecast for 2009. Bangalore, Oct. 20 IT and R&D services provider MindTree Ltd posted a 37.4 per cent increase in consolidated net profit for the second quarter and maintained its revenue forecast for the ...

CEMENT: JK Lakshmi net dips 63% on high input cost
Mumbai, Oct. 20 Hit by the rising input cost, JK Lakshmi Cement has reported 63 per cent drop in net profit at Rs 27 crore in the second quarter ended September 30, against Rs 73 crore registered in the same period ...

GEMS & JEWELLERY: Titan Q2 net rises 88% on jewellery income
Bangalore, Oct. 20 Titan Industries posted an 88 per cent increase in net profit to Rs 87.14 crore (Rs 46.30 crore) during the second quarter of 2008-09 largely driven by increase in ...

SOFTWARE: Nucleus Soft posts 75% drop in Q2 net
New Delhi, Oct. 20 Nucleus Software Exports Ltd has posted a 75-per cent drop in net profit for the quarter ended September 30, 2008 at Rs 4.07 crore against Rs 16.18 crore in the year-ago period. The company fared a tad better on the topline ...

SOFTWARE: Rolta Q2 net profit down 55%
...

PUBLIC SECTOR BANKS: Increased provisioning hits SBM’s Q2 net
Bangalore, Oct. 20 State Bank of Mysore has reported a net profit of Rs 90.16 crore for the second quarter of the current financial year. The profits were down 1.11 per cent over the corresponding quarter of the last financial year. The dip ...

SOFTWARE: Kale Consultants Q2 revenues up
Kale Consultants, solutions provider to the airline, logistics and travel industry, has recorded revenues of Rs 26.20 crore for the quarter ended September 30, 2008, as compared to Rs 20.87 crore for the corresponding quarter of the previous ...






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Markets (Oct 20)
Nifty (at close)3122.80(+48.45)
US Dollar (Buy/Sell)48.99/49.00
Brent crude (a bbl) Rs3,295
Gold (a gram) Rs1,181
Silver (a kg) Rs17,760


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