July 31, 2009 AT 6:18 PM
Reliance Communications, India's second-biggest mobile phone operator, posted an 8.3 percent rise in quarterly profit on Friday. Reliance communications said its net profit rose to 16.37 billion rupees ($340 million) in its fiscal first quarter ended June, from 15.12 billion in the same period last year. However the stock fell 2.18% at 275.75
July 31, 2009 AT 6:13 PM
US government report shows the economy sank at a pace of just 1 percent in the second quarter of the year. It was a better-than-expected showing that provided the strongest signal yet that the longest recession since World War II is finally winding down. The Commerce Department says the dip in gross domestic product for the April to June period comes after the economy was in a free fall, tumbling at 6.4 percent pace in the first three months of this year. That was the sharpest downhill slide in nearly three decades. Many economists were predicting a slightly bigger 1.5 percent annualized contraction in second-quarter GDP. It's the total value of all goods and services produced within the United States.
July 30, 2009 AT 9:07 PM
FII and DII activity that was seen on Thursday, July 30, 2009 is shown below. The report shows that FII were net buyers of Rs 366.81 crore where as DII saw sellers of Rs 286.67 crore. FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 30-Jul-2009 4759.84 4393.03 366.81 DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Jul-2009 1962.92 2249.59 -286.67
July 30, 2009 AT 9:06 PM
IPO of Adani Power subscribe almost seven times on the third day of the IPO. Tomorrow is the last day of IPO & present grey market premium is 15rs. As on Date QIBs Non Institutional Retail (RIIs) Total Day 1 - 28-Jul-2009 7.4500 2.1164 0.0563 3.96 Day 2 - 29-Jul-2009 8.7040 2.1402 0.1984 4.64 Day 3 - 30-Jul-2009 12.9306 2.1682 0.5483 6.86
July 30, 2009 AT 8:44 PM
The country's largest lender, SBI, today reported a growth rate of 42 per cent in net profit at Rs 2,330.37 crore for the first quarter ended June 30, 2009. The bank has a net profit of Rs 1,640.79 crore in the same quarter of the last fiscal. Total income during the quarter rose by 29.8 per cent to Rs 21,041.51 crore from Rs 16,203.07 crore in the same period last year. During the quarter, interest income of the bank grew by 26.6 per cent to Rs 17,473 crore from Rs 13,799 crore in the same quarter previous fiscal. Shares of the bank were trading at Rs 1,705, up 2.93 per cent on the BSE.
July 30, 2009 AT 8:40 PM
Adani Enterprises today posted an over 36 per cent rise in its consolidated net profit to Rs 127.67 crore for the first quarter ended June 30. The consolidated total income of the company also rose to Rs 6,389.61 crore during the April-June period of the current financial year from Rs 5,051.80 crore in the same quarter last year. On a standalone basis, the company registered a net profit of Rs 78.73 crore during the latest quarter of FY10, up by over 17 per cent. Shares of Adani Enterprises today closed at Rs 827.10, down 0.70 per cent from its previous close on the BSE.
July 30, 2009 AT 8:38 PM
Anil Ambani group firm Reliance Infrastructure on Thursday reported a net profit of Rs 316.57 crore for the first quarter ended June 30, 2009 Total income rose to Rs 2,690.51 crore during the April-June quarter from Rs 2,400.55 crore in the same period last fiscal. At the end of June quarter, the company's cash and cash equivalents stood at Rs 9,000 crore, while its EPC order book was at Rs 20,075 crore. The company's cash profit grew by 22 per cent to Rs 386 crore at the end of June quarter and it infused fresh capital to the tune of Rs 4,300 crore. Shares of Reliance Infrastructure closed at Rs 1,185.10, up 1.80 per cent
July 30, 2009 AT 8:35 PM
IT education services provider Educomp Solutions on Thursday said its consolidated net profit surged two-fold to Rs 36.27 crore in the first quarter. Total revenue rose to Rs 209.17 crore in the latest quarter, against Rs 89.12 crore in the same period last year. On a standalone basis, the net profit of the company jumped two-fold to Rs 36.27 crore in the quarter ended June, 30. Total income rose to Rs 160.34 crore in the quarter under review, against Rs 72 crore in the same quarter previous fiscal. Shares of Educomp Solutions today closed at Rs 4,064.75 on the Bombay Stock Exchange, down 2.86 per cent.
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