Experts cheer RIL’s Q2 petchem margins, uneasy on oil gas

10/29/2009 04:42 PM

RIL\'s Q2 petchem margins have come in as on expected lines. Deepak Parekh of Angel Broking expects the performance on the petrochemical side to continue.

CCEA okays 15% follow on public offer for REC

10/29/2009 04:38 PM

The government has approved the follow on public offer (FPO) for Rural Electrification Corporation or REC. REC will make a fresh issue of 15% of its existing paid up capital. Along with this, the government would sell a 5% stake.

Experts foresee Rs 110 as FY10 EPS for RIL

10/29/2009 04:31 PM

SP Tulsian of sptulsian.com and Apurva Shah of Prabhudas Lilladher expect Reliance Industries to post a full year EPS of around Rs 110 as they expect a ramp up in oil and gas production.

DLF Q2 cons net profit Rs 440 cr

10/29/2009 03:47 PM

DLF has declared its second quarter results. The company\'s Q2 consolidated total income was at Rs 1,810 crore.

GSK Pharma net profit seen up 6% at Rs 140 cr

10/29/2009 03:37 PM

GlaxoSmithKline Pharmaceuticals is to announce its third quarter results. According to CNBCTV18 estimates, the company’s Q3CY09 standalone net sales are seen up 12% at Rs 513 crore versus Rs 457 crore.

Nalco Q2 net profit seen down 49% at Rs 226 cr

10/29/2009 03:32 PM

Nalco is to declare its second quarter results. According to CNBCTV18 estimates, the company’s Q2FY10 net sales are seen down 26% at Rs 1132 crore versus Rs 1536 crore, YoY. (QoQ up 23% at Rs 921.5 crore)

Credit policy will not impact co\'s performance: LIC Housing

10/29/2009 03:28 PM

LIC Housing Finance declared its Q2 results. In an interview with CNBCTV18, R Ramachandran Nair Director and Chief Operating Officer of LIC housing Finance spoke about the results and his outlook for the company.

SAIL Q2 net profit seen down 17% at Rs 1670 cr

10/29/2009 03:25 PM

SAIL is to declare second quarter results. According to CNBCTV18 estimates, its net sales are seen down 13% at Rs 10648 crore versus Rs 12238.5 crore (QoQ up 16% versus Rs 9153 Cr)

Ashok Leyland Q2 PAT seen at Rs 79 cr

10/29/2009 03:19 PM

Ashok Leyland is to declare its second quarter results. According to CNBCTV18 estimates, the company Q2FY10 revenues are seen down 10% at Rs 1676 crore versus Rs 1866 crore.

Thermax Q2 PAT seen up 5.9% at Rs 60.36 cr

10/29/2009 03:11 PM

Thermax is to announce its second quarter results. According to CNBCTV18 estimates, the company’s Q2FY10 net sales are seen down 8.75% at Rs 733.72 crore versus Rs 804.06 crore, yearonyear, YoY.

US markets open higher

10/29/2009 03:05 PM

At 19.01 hrs (IST) US markets opened higher. The Dow Jones Industrial Average was up 46.85 points, or 0.48%, to 9,809.54. The Nasdaq was up 16.97 point, or 0.82%, to 2,104.96 while the SP 500 was up 3.55 points, or 0.34% to 1,046.18.

IVRCL Infra Q2 PAT seen up 14% at Rs 65.06 cr

10/29/2009 02:56 PM

IVRCL Infrastructure and Projects is to announce its second quarter results. According to CNBCTV18 estimates, the company’s Q2FY10 net sales are seen up 23% at Rs. 400.40 crore versus Rs.1136.6 crore, YoY.

Britannia Q2 net profit up at Rs 59.1 cr

10/29/2009 02:51 PM

Britannia Industries has annouced its second quarter results. The company\'s Q2 net profit was up at Rs 59.1 crore versus Rs 53.3 crore, YoY.

ITI invites bids for JV partners, expects good response

10/29/2009 02:50 PM

ITI Ltd is inviting bids to set up joint venture companies (JVCs) in association with ITI. The JVCs are being planned at Rae Bareli and Naini in Uttar Pradesh and at Bangalore in Karnataka. In an interview with CNBCTV18, SK Chatterjee, Chairman and Managing Director, ITI, spoke about the latest happenings in his company and sector.

Euro declines 3%, trading at 2week lows

10/29/2009 02:48 PM

The Euro declined 3% in last two days itself and is trading at two week lows.