India's second largest IT services exporter - Infosys Technologies has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1737 crore as against Rs 1488 crore, a growth of 16.73% on quarter-on-quarter basis (QoQ), as per International Financial Reporting Standards (IFRS). On consolidated basis, company posted net sales at Rs 6947 crore … [Read more...]
Overseas retail investors may get to buy stocks directly
Article source (Economic times ) NEW DELHI: India may allow individual investors based overseas to directly buy stocks for the first time, easing a rule that restricts investments to mutual funds, said a finance ministry official with direct knowledge of the matter. Some government officials see no need to differentiate between India-focused mutual funds and foreign … [Read more...]
Surya Pharma gains after launch of GDR issue
Surya Pharmaceutical rose 1.35% at Rs 274.65 at 11:51 IST on BSE after the company's board decided to raise US$25 million by issuing global depositary receipt. The announcement was made before trading hours today, 8 October 2010. Meanwhile, the BSE Sensex was down 54.45 points, or 0.27%, to 20,260.87. On BSE, 79,466 shares were traded in the counter as against an … [Read more...]
Shreyas Shipping sets sail on expansion buzz
Shreyas Shipping & Logistics jumped 7.32% to Rs 54.25 at 10:55 IST on BSE, on reports the company plans to invest around Rs 100 crore to expand its shipping, warehousing and inland transportation capacities. Meanwhile, the BSE Sensex was down 47.87 points, or 0.23% at 20,495.21. On BSE, 1.84 lakh shares were traded in the counter as against an average daily volume … [Read more...]
RIL gains as gas reserves in D4 block may be double the size of D6 block
RIL gains as gas reserves in D4 block may be double the size of D6 block Reliance Industries inched up 0.15% at Rs 1,046.20 at 10:33 IST on BSE after the company's partner Niko Resources raised initial estimates of gas reserves in the D4 block located on the east coast of India. Meanwhile, the BSE Sensex was down 23.14 points, or 0.11%, to 20,519.94. On BSE, … [Read more...]