INDIATAB » Finance http://www.indiatab.com Latest news, videos, classifieds from india and abroad Wed, 17 Feb 2010 05:07:39 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Ultratech Cement Q3 net dips 17 per cent to Rs 196 cr http://www.indiatab.com/finance/stock-market/ultratech-cement-q3-net-dips-17-per-cent-to-rs-196-cr/532/ http://www.indiatab.com/finance/stock-market/ultratech-cement-q3-net-dips-17-per-cent-to-rs-196-cr/532/#comments Sun, 17 Jan 2010 11:23:54 +0000 admin http://www.indiatab.com/?p=532 MUMBAI: Ultratech Cement on Saturday said its net profit declined by 17.64 per cent to Rs 196 crore for the quarter ended December 31, 2009, over

the same period last year.

Net sales rose to Rs 1,652 crore for the third quarter ended December 09, against Rs 1,631 crore in the same quarter previous fiscal, Ultratech Cement said in a filing to the Bombay Stock Exchange.

“The results have to be viewed keeping in mind the slowdown in demand growth in the markets of Southern India, which constitutes around 30 per cent of the company’s sale,” the release added.

The company produced 4.40 million metric tonnes (MMT) of cement in third quarter of the fiscal year 2010, registering a growth of 10 per cent year-on-year.

Further, the board of the company has appointed OP Puranmalka as the additional-director with immediate effect.

He has also been appointed as the whole-time director with effect from April 1, 2010 subject to the approval of shareholders of the company.

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]]> http://www.indiatab.com/finance/stock-market/ultratech-cement-q3-net-dips-17-per-cent-to-rs-196-cr/532/feed/ 0 Allahabad Bank – Increase in Authorised Capital http://www.indiatab.com/finance/stock-market/allahabad-bank-increase-in-authorised-capital/459/ http://www.indiatab.com/finance/stock-market/allahabad-bank-increase-in-authorised-capital/459/#comments Sat, 02 Jan 2010 05:39:51 +0000 admin http://www.indiatab.com/?p=459 Allahabad Bank has informed BSE that the Govt. of India on recommendation of Reserve Bank of India has issued a Notification dated November 10, 2009, increasing the Authorized Capital of the Nationalized Banks from existing Rs. 1500 crore to Rs. 3000 crore.
Accordingly, The Board of directors of the Bank in its meeting held on December 29, 2009 has taken note of the above and passed a resolution, increasing the Authorized Capital of the Bank from existing Rs. 1500 crore to Rs. 3000 crore.

Allahabad Bank has informed BSE that the Govt. of India on recommendation of Reserve Bank of India has issued a Notification dated November 10, 2009, increasing the Authorized Capital of the Nationalized Banks from existing Rs. 1500 crore to Rs. 3000 crore.

Accordingly, The Board of directors of the Bank in its meeting held on December 29, 2009 has taken note of the above and passed a resolution, increasing the Authorized Capital of the Bank from existing Rs. 1500 crore to Rs. 3000 crore.

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]]> http://www.indiatab.com/finance/stock-market/allahabad-bank-increase-in-authorised-capital/459/feed/ 0 Changes in ITORS System Audit Charges for Internet Trading Through Order Routing Systems http://www.indiatab.com/finance/stock-market/changes-in-itors-system-audit-charges-for-internet-trading-through-order-routing-systems/457/ http://www.indiatab.com/finance/stock-market/changes-in-itors-system-audit-charges-for-internet-trading-through-order-routing-systems/457/#comments Sat, 02 Jan 2010 05:37:57 +0000 admin http://www.indiatab.com/?p=457
BSE’s Market Access Platform Fastrade™ is approved for terminal and Internet based trading in Cash and Derivatives segment of BSE, Cash and Derivatives and Currency segments of NSE, and Commodity Futures segment on MCX, NCDEX and NMCE.

Internet Trading enables our members to provide a trading terminal/browser to end clients for putting In trades. For availing Internet based trading on the same, all the interested Trading Members of the Exchange are requested to  submit the application to the Member Services & Development as specified in Annexure 1. The documents / information mentioned in Annexure 2 should be kept ready by the applicants at the time of the system audit.

Members are further requested to note the following ITORS System Audit application processing charges:

1. System Audit charges to enable Internet based Trading via FASTRADE (re-imbursement from the applicant for the system audit fees paid by the Exchange to the system auditors, on behalf of the member)

a)      For the system audits within Mumbai

*Rs. 5,000/- (plus Service Tax) in case of system audits done in Mumbai

b)     For the system audits outside Mumbai

*Rs. 5,000/- plus applicable taxes extra and Travelling / Conveyance as per Actuals (Travelling and Halting allowances charges as per RBI practice audits).

* will be debited to the members general charges account subsequent to the approval granted by Exchange

2. System Audit Charges to enable Internet based Trading via other Platforms (non Fastrade).

(re-imburesment from the applicant for the system audit fees paid by the Exchange to the system auditors, on behalf of the member)

Rs. 20,000/- (plus service tax) per product will be debited to the members general charges account subsequent to the approval granted by Exchange in case the system audit is conducted within Mumbai.

Rs. 25,000/- (plus service tax) per product will be debited to the members general charges account subsequent to the approval granted by Exchange in case the system audit is conducted Outside Mumbai.

In case of any query related to the application submission (i.e. Annexure-1), kindly contact Mr.Chirag A. Sodawaterwalla, Manager, Member Services & Development on 022-22728156 or email on chirag.sodawaterwalla@bseindia.com

BSEIndia reports

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]]> http://www.indiatab.com/finance/stock-market/changes-in-itors-system-audit-charges-for-internet-trading-through-order-routing-systems/457/feed/ 0 Hospira buys Orchid unit for $400 mn http://www.indiatab.com/finance/stock-market/hospira-buys-orchid-unit-for-400-mn/385/ http://www.indiatab.com/finance/stock-market/hospira-buys-orchid-unit-for-400-mn/385/#comments Wed, 16 Dec 2009 05:42:41 +0000 admin http://www.indiatab.com/?p=385 US-based drug major Hospira will buy the injectable pharmaceuticals business of Chennai-based Orchid Chemicals for $400 million (Rs 1,860 crore).

The acquisition will include Orchid’s antibiotics manufacturing complex (comprising cephalosporin, penicillin and carbapenem facilities) and pharmaceutical research and development facility at Irungattukottai in Chennai, as well as its generic injectable product portfolio and pipeline.

A joint statement issued late in the night said that the companies also signed a long-term exclusive agreement for Orchid to supply active ingredients for the generic injectable pharmaceuticals business.

Hospira, a leading global injectable generics player, is the marketing partner for Orchid in Europe for injectable anti-infection drugs Piperacillin-Tazobactam, for which Orchid enjoys 180-day marketing exclusivity in the US. The drug, a copy cat of Wyeth’s product, lacks competition and will contribute over $80 million in the US during the 180-day period.

The acquisition is the first major deal for Hospira in India, which established a few marketing tieups and active ingredient supply from Indian players in the past. It is a speciality drug manufacturer like Orchid.

The Rs 1,300-crore Orchid, one of the largest manufacturers of antibiotic ciprofloxacin, is currently building business of antibiotics such as penicillin and carbapenem injections to reduce its dependence on cephalosporins. The company invested heavily in the last four years to develop global standard manufacturing facilities for injectables, cancer drugs and cephalosporins.

Morgan Stanley and Citigroup Global Markets India acted as financial advisors of Hospira and Orchid, respectively.

Share prices of Orchid touched a 52-week high of Rs 225.40 at close today.

Orchid has 54 products pending for launch in the US, almost half of which are in injectable segment. The company has also filed about 72 marketing applications to supply active pharmaceutical ingredients.

It markets 36 products in the US, out of which 26 are in the cephalosporin segment, eight in the non-penicillin and two in the penicillin segments. It has a rare portfolio of infection drugs such as cefepime, ceftriaxone, cefazolin, cefdinir and cefadroxil in the cephalosporin segment.

Other major products are antibiotics Terbinafine and Divalproex. In Europe, Orchid has marketing authorisation for 23 products. It is also expecting to get regulatory clearance for its carbapenem injections by 2010 and these difficult-to-make products are estimated to have a market of over $50 million.

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]]> http://www.indiatab.com/finance/stock-market/hospira-buys-orchid-unit-for-400-mn/385/feed/ 0 Dubai govt won’t back Dubai World debts: Official http://www.indiatab.com/finance/stock-market/dubai-govt-wont-back-dubai-world-debts-official/371/ http://www.indiatab.com/finance/stock-market/dubai-govt-wont-back-dubai-world-debts-official/371/#comments Mon, 30 Nov 2009 17:48:01 +0000 admin http://www.indiatab.com/?p=371 The Dubai government will not guarantee Dubai World’s debts, and creditors will be affected in “the short term” by the conglomerate’s restructuring, a top Dubai government official said on Monday.

Abdulrahman al-Saleh, Director General of Dubai’s Department of Finance, also said market reaction to Dubai World’s announcement last week was exaggerated and did not match the extent of the conglomerate’s woes.

“I think banks are not at a stage where they need any extra liquidity from the central bank,” he said on Dubai TV.

“Creditors need to take part of the responsibility for their decision to lend to the companies. They think Dubai World is part of the goverment, which is not correct.”

Conglomerate Dubai World asked creditors last week to delay repayment of billions in debt for itself and property developer Nakheel for six months as it restructured operations. The shock announcement initially sent global markets slumping.

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]]> http://www.indiatab.com/finance/stock-market/dubai-govt-wont-back-dubai-world-debts-official/371/feed/ 0 Sensex records biggest 5-month gain, up 500 pts http://www.indiatab.com/finance/stock-market/sensex-records-biggest-5-month-gain-up-500-pts/361/ http://www.indiatab.com/finance/stock-market/sensex-records-biggest-5-month-gain-up-500-pts/361/#comments Wed, 04 Nov 2009 14:06:36 +0000 admin http://www.indiatab.com/?p=361 MUMBAI (TOI): Markets today notched up over a 500-point gain, the biggest in more than five months, to snap six days of straight losses, helped by the

government’s assertion that stimulus packages would continue and there would not be any curbs on capital inflow.

The benchmark Sensex shot up by more than 200 points in the opening trade and avoided any major fall during the day before ending the day at 15,912.13, an impressive gain of 507.19 points or 3.29% over its previous close.

The last time Sensex had gained over 500 points was on May 27 this year when it closed higher 520.41 points.

The all-around buying support came as a big solace to the markets after Tuesday’s fall of close to 500 points, in tune with global trends, on concerns that governments worldwide may begin exiting from stimulus packages given last year in the wake of deepening of financial downturn.

The market had fallen by steep 1,406 points or 8.36% in the past six days.

What sparked across-the-board buying was Finance Minister Pranab Mukhejee ruling out withdrawal of fiscal stimulus packages till economy recovers fully. His remarks that there are no plans to place curbs on the capital inflows into the country further augmented enthusiastic buying.

Marketmen said strong global cues and a weakening dollar against a basket of currencies also enlivened the sentiment.

India’s largest private sector firm Reliance Industries rebounded by 5.49%. The spurt in RIL followed its hammering on Tuesday which saw shares plunging 5.73%.

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]]> http://www.indiatab.com/finance/stock-market/sensex-records-biggest-5-month-gain-up-500-pts/361/feed/ 0 Top Gainers – Groupwise http://www.indiatab.com/finance/stock-market/top-gainers-groupwise/320/ http://www.indiatab.com/finance/stock-market/top-gainers-groupwise/320/#comments Tue, 03 Nov 2009 14:14:07 +0000 admin http://www.indiatab.com/?p=320 This data was last updated on Tuesday, November 03, 2009 4:00:08 PM
Scrip Code    Company    Scrip Group    Open Price    High Price    Low Price    Last Traded Price    Last Closing Price    Change w.r.t. Last Closing Price
(Rs.)    (%)
532617    JET AIRWAYS    A    373.00    425.00    359.10    405.85    379.30    26.55    7.00
532709    RIL NAT RES    A    62.00    72.70    60.40    66.55    63.65    2.90    4.56
531642    MARICO LTD    A    98.05    101.90    98.05    100.85    97.60    3.25    3.33
500049    BHARAT ELECT    A    1,446.00    1,524.00    1,446.00    1,478.60    1,435.05    43.55    3.03
500124    DR.REDDY’S LABORATORIES LTD.    A    1,018.00    1,115.00    1,015.00    1,038.40    1,009.15    29.25    2.90
500850    INDIAN HOTELS COMPANY LTD.    A    73.45    77.35    70.05    75.80    73.70    2.10    2.85
500048    BEML LTD    A    935.00    980.90    935.00    963.30    936.85    26.45    2.82
532454    BHARTI ARTL    A    285.00    307.65    280.05    299.95    292.15    7.80    2.67
532149    BANK OF INDIA    A    332.00    344.95    325.00    340.85    333.60    7.25    2.17
500086    EXIDE INDUS    A    97.20    103.20    97.05    100.40    98.45    1.95    1.98
512599    ADANI ENTER    A    707.00    742.00    707.00    729.95    717.15    12.80    1.78
500302    PIRAMA HEALT    A    388.00    408.00    377.30    389.60    382.80    6.80    1.78
500477    ASHOK LEYLND    A    45.45    48.65    45.45    46.20    45.45    0.75    1.65
532424    GODREJ CONS    A    272.00    280.00    268.10    275.45    271.00    4.45    1.64
500480    CUMMINS INDI    A    376.00    386.20    375.25    380.50    375.25    5.25    1.40
500114    TITAN IND.    A    1,245.00    1,291.35    1,245.00    1,270.80    1,255.40    15.40    1.23
532775    GTL INFRAST    A    29.90    31.10    29.80    30.55    30.20    0.35    1.16
532500    MARUTISUZUKI    A    1,410.00    1,432.90    1,400.00    1,418.80    1,403.00    15.80    1.13
531344    CONTAIN CORP    A    1,099.00    1,120.00    1,085.00    1,105.10    1,094.10    11.00    1.01
532947    IRB INFRA    A    228.00    245.45    228.00    233.60    231.40    2.20    0.95

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]]> http://www.indiatab.com/finance/stock-market/top-gainers-groupwise/320/feed/ 0 Merger of Positive Comsole Pvt. Ltd. with Visesh Infotecnics Ltd. announced http://www.indiatab.com/finance/stock-market/merger-of-positive-comsole-pvt-ltd-with-visesh-infotecnics-ltd-announced/298/ http://www.indiatab.com/finance/stock-market/merger-of-positive-comsole-pvt-ltd-with-visesh-infotecnics-ltd-announced/298/#comments Mon, 26 Oct 2009 15:17:19 +0000 Bse Announcement http://www.indiatab.com/?p=298 Visesh Infotecnics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2009, considered the proposal of merger of Positive Comsole Pvt. Ltd. with Visesh Infotecnics Ltd.

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]]> http://www.indiatab.com/finance/stock-market/merger-of-positive-comsole-pvt-ltd-with-visesh-infotecnics-ltd-announced/298/feed/ 0 MIC Electronics Directors resigns http://www.indiatab.com/finance/stock-market/mic-electronics-directors-resigns/296/ http://www.indiatab.com/finance/stock-market/mic-electronics-directors-resigns/296/#comments Mon, 26 Oct 2009 15:15:25 +0000 Bse Announcement http://www.indiatab.com/?p=296 MIC Electronics Ltd has informed BSE that Shri. Harsh C. Mariwala and Shri. U. Ramakrishna Directors of the Company resigned from the Board due to their pre occupations and the Board approved the same and placed on record the valued services rendered by them during their tenure.

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]]> http://www.indiatab.com/finance/stock-market/mic-electronics-directors-resigns/296/feed/ 0 Geometric Ltd has granted 6,00,000 options to the employees of the Company and its subsidiaries http://www.indiatab.com/finance/stock-market/geometric-ltd-has-granted-600000-options-to-the-employees-of-the-company-and-its-subsidiaries/293/ http://www.indiatab.com/finance/stock-market/geometric-ltd-has-granted-600000-options-to-the-employees-of-the-company-and-its-subsidiaries/293/#comments Mon, 26 Oct 2009 15:13:12 +0000 Bse Announcement http://www.indiatab.com/?p=293 Geometric Ltd has informed BSE that the Compensation Committee of the Company at its meeting held on October 26, 2009 has granted 6,00,000 options to the employees of the Company and its subsidiaries. Each Vested Option shall be convertible into one equity share of the Company of the face value of Rs. 2/- each at the exercise Price. The vested Options shall be exercisable within such period not exceeding five years from the date of grant

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]]> http://www.indiatab.com/finance/stock-market/geometric-ltd-has-granted-600000-options-to-the-employees-of-the-company-and-its-subsidiaries/293/feed/ 0