IRB Infra Q2 cons net profit down at Rs 70.8 cr

10/30/2009 02:39 PM

IRB Infrastructure Developers has announced its second quarter results. The company\'s Q2 consolidated net sales were down at Rs 355.9 crore versus Rs 414.1 crore, QoQ.

Orchid Chemical Q2 net loss at Rs 13.20 cr

10/30/2009 02:35 PM

Orchid Chemical has declared its second quarter results. The company\'s Q2 net sales were down at Rs 304.8 crore versus Rs 339.1 crore.

RCF Q2 net profit down at Rs 56.1 cr

10/30/2009 02:31 PM

RCF has declared its second quarter results. The company\'s Q2 net sales were down at Rs 1,791.95 crore versus Rs 2,614.22 crore, yearonyear, YoY.

Indian Hotel Q2 net profit down at Rs 11.8 cr

10/30/2009 02:27 PM

Indian Hotel has announced its second quarter results. The company\'s Q2 net sales were down at Rs 285.9 crore versus Rs 323.9 crore, YoY.

Rupee ends higher, bonds lower

10/30/2009 02:12 PM

The Indian rupee ended higher as banks unwounded long dollar positions. Dollar\'s fall versus Asian units also aided. But dollar demand from importers and fall in local shares limited the rise. The spot rupee ended higher at Rs 46.95 per USD as against its previous close of Rs 47.20 per USD.

Avoid telecom sector for long term perspective: Thacker

10/30/2009 02:04 PM

Technical Analyst, Mitesh Thacker of miteshthacker.com is of the view that telecom sector remains avoid as far as long side trading is concerned.

Bharti Airtel launches ‘Freedom Plan’

10/30/2009 02:00 PM

Bharti Airtel, Asia’s leading integrated telecom service provider, today launched the ‘Freedom Plan’ for its customers. With the launch of this plan, Airtel customers will have the freedom of choosing from a variety of plans based on their usage and calling patterns.

Reliance may slip to Rs 1800 levels: Thacker

10/30/2009 01:40 PM

Technical Analyst, Mitesh Thacker of miteshthacker.com is of the view that Reliance Industries may slip to Rs 1800 levels which is the 200 day moving average.

Federal Bank net down, sees improved NIM QoQ

10/30/2009 01:34 PM

Federal Bank has announced its second quarter results for FY10. The company\'s Q2 net interest income or NII was down at Rs 330 crore versus Rs 331.7 crore. Its net profit was down at Rs 101 crore versus Rs 114.2 crore. In an interview with CNBCTV18, PC John, CFO of Federal Bank spoke about the results and his outlook for the company.

Buy Punj Lloyd, target Rs 239.70: KRChoksey

10/30/2009 01:23 PM

KRChoksey has recommended a buy rating on Punj Lloyd, with price target of Rs 239.70.

Hold Union Bank of India, target Rs 280: KRChoksey

10/30/2009 01:20 PM

KRChoksey has recommended a hold rating on Union Bank of India, with price target of Rs 280.

Now, A Raja accuses NDA of over Rs 1.6L cr telecom scam

10/30/2009 01:11 PM

Upping the ante in the spectrum battle, Communications Minister A Raja today went on the offensive to slam the BJPled NDA government alleging that it caused massive losses to the exchequer. He also retaliated against BJP leader Arun Jaitley\'s allegations about a scam in the 2G licence allocation.

Bank of India down 8%, adds 8 lakh shares in OI

10/30/2009 01:10 PM

The turnover came in at Rs 78,000 crore very high for the first day of the new series rolled in rather heavy into this series. Bank of India (BoI) is down about 8% with huge open interest buildup about 8 lakh shares on about 32 lakh basis is rather large and that big discount point out shorts on this counter.

Power biz impacted by lower merchant sales: GVK Power

10/30/2009 12:57 PM

In an interview with CNBCTV18, Isaac George, Chief Financial Officer of GVK Power Infrastructure, spoke about the results and his outlook for the company. In an interview with CNBCTV18, Isaac George, Chief Financial Officer of GVK Power Infrastructure, spoke about the results and his outlook for the company.

Lending rates to remain stable for some time: ICICI Bank

10/30/2009 12:45 PM

Chanda Kochhar, MD and CEO, ICICI Bank, expects lending rates to remain stable for some time. She sees growth in the bank\'s balance sheet in the coming quarters.