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Friday, October 30, 2009
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OVERSEAS INVESTMENTS: CESC scouting for coal assets abroad
Net profit grows marginally, turnover up 26%. CESC is scouting for acquiring coal mines in Indonesia and South Africa. The company will source 30 per cent of its total requirement for coal for the proposed 600 MW thermal power plant at Haldia ...

RESTRUCTURING: Volvo delinks from Ford India
Plans two new launches next year. Volvo in India will no longer be a subsidiary of Ford India, but a separate ...

PREFERENTIAL ALLOTMENTS: Suryachakra Power warrants issue
Suryachakra Power Corporation has informed the BSE that the company’s extraordinary general meeting held today has approved the allotment of 64,00,000 convertible warrants at a price of Rs 20, including a premium of Rs 10, to the promoters ...

CORPORATE DISPUTES: Is not public interest involved in gas row, asks Apex Court
New Delhi, Oct 29 The Supreme Court, hearing the row involving the Ambani brothers over KG basin gas supply, sought to know if fixing the selling price of gas from the D6 block at $2.34/mBtu for all user-industries would end the dispute ...

FINANCIAL PERFORMANCE: DLF net profit tanks 77% in Q2
New Delhi, Oct. 29 Real estate major DLF Ltd on Thursday posted a 77 per cent fall in its consolidated net profit for second quarter ended September 2009 at Rs 440 crore compared with Rs 1,935 crore earned in the previous corresponding ...

OUTLOOK: Stainless steel prices to stay stable: JSL
New Delhi, Oct. 29 Stainless steel prices are likely to remain stable in coming months, according to stainless steel producer JSL ...

FINANCIAL PERFORMANCE: Grasim net profit rises 61% on higher production
Grasim Industries, an Aditya Birla Group company, has reported a 61 per cent rise in net profit at Rs 781 crore (Rs 486 crore) in the quarter ended September 30, even as its revenue grew six per cent to Rs 4,743 crore (Rs ...

NEW PROJECTS: Dharani Sugars to complete Rs 335-cr mill complex
Chennai, Oct. 29 Dharani Sugars and Chemicals Ltd is set to complete its Rs 335-crore integrated sugar mill complex with the launch of a 100 kilolitre a day ...

TRADE & LABOUR UNIONS: Labour issue at Honda Manesar plant resolved
New Delhi, Oct. 29 Honda Motorcycles and Scooters India (HMSI) announced on Thursday that the ongoing negotiations on wages with the labour union at its Manesar plant are now over and daily production will begin at the normal ...

NEW BUSINESS: Vascon bags Rs 200-cr HDIL contract
Mumbai, Oct 29 The Pune-based Vascon Engineers has bagged a Rs 200-crore contract from Housing Development and Infrastructure Ltd, to design and build two million sq ft of commercial space at Kurla ...

FINANCIAL PERFORMANCE: Ramco Systems net up at Rs 53 lakh
Chennai, Oct. 29 Ramco Systems Ltd has posted higher net profit of Rs 53.21 lakh for the quarter ended September 30, 2009 against a net profit of Rs 2.48 lakh in the corresponding previous quarter. Its revenue, however, declined 22 per cent to ...

FINANCIAL PERFORMANCE: Tata Chem net profit down 20%
Mumbai, Oct 29 Sharp fall in sales pushed Tata Chemicals net profit down by 20 per cent to Rs 222.83 crore for the quarter ended September 30, 2009 from Rs 277.70 in the year ago ...

REGULATORY BODIES & RULINGS: S. Africa nod for Aurobindo drugs
Hyderabad, Oct 29 Aurobindo Pharma Ltd has received approval from the Medicines Control Council, South Africa to manufacture and market two ...

PERSONAL PRODUCTS: Emami turnover rises 66%
Kolkata: Emami Ltd posted a consolidated turnover of Rs 212 crore during the second quarter ended September 30, a 65.7 per cent increase over the corresponding quarter in the last financial year. Despite an increase in ...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (Oct 29)
Nifty (at close)4,750.55(-75.60)
US Dollar (Buy/Sell)47.57/58
Brent crude (a bbl) Rs3,539
Gold (a gram) Rs1,490
Silver (a kg) Rs26,885

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