Jaiprakash Associates and IDFC will replace Nalco and Tata Communication in the NSE's Nifty from today, 22 October 2009.
The board of Jaiprakash Associates approved a one-for-two bonus share issue.
meanwhile, net profit of Jaiprakash Associates rose 327.89% to Rs 870.19 crore in the quarter ended September 2009 as against Rs 203.37 crore during the previous quarter ended September 2008. Sales rose 52.96% to Rs 1824.26 crore in the quarter ended September 2009 as against Rs 1192.63 crore during the previous quarter ended September 2008. The company has net extraordinary income of Rs 941.54 crore in the quarter ended September 2009 as against Rs 3.54 crore in the quarter ended September 2008.
Net profit of Hero Honda Motors rose 94.95% to Rs 597.14 crore in the quarter ended September 2009 as against Rs 306.30 crore during the previous quarter ended September 2008. Sales rose 26.66% to Rs 4040.10 crore in the quarter ended September 2009 as against Rs 3189.71 crore during the previous quarter ended September 2008.
Steel Authority of India (Sail), Larsen and Toubro, Allahabad Bank, Piramal Healthcare, Rolta India, Jindal South West Holdings, Hindustan Zinc, Cambridge Solutions, Kirloskar Brothers, Bhushan Steel, Coromandel Fertilisers, Jubilant Organosys, Rain Commodities, Unichem Laboratories, Noida Toll Bridge, Asian Paints, Biocon, Binani Cement, Rane Brake Lining, and Wire and Wireless, will declare September 2009 ended quarter results today, 22 October 2009.
The board of Walchandnagar Industries will meet on 28 October 2009 to consider raising long term funds through equity or equity linked instruments, warrants or a qualified institutional placement.
HCL Infosystems raised Rs 472 crore by allotting 3.05 crore shares to institutional buyers at Rs 154.69 a share.
Aditya Birla Telecom, a unit of Idea Cellular will reportedly soon demerge the licence for Bihar and Jharkhand circle and merge it with the parent company.
Cement prices in India have reportedly slipped Rs 2-15 per 50 kilogram bag with the south Indian market quoting its lowest in a year on low demand.
The Foreign Investment Promotion Board (FIPB) has deferred a proposal by Jet Airways seeking permission for raising capital up to $400 million via qualified institutional placement.
RPG Cables is reportedly planning to bring in a strategic investor as part of a plan to raise about Rs 200 crore to clean up debts and erect a new facility in Gujarat.
HCL Infosystems has reportedly emerged as the lowest bidder for an IT deal with state-run telecom firm Bharat Sanchar Nigam, quoting Rs 860 crore. Tata Consultancy Services (TCS) and Mahindra Satyam were the other bidders.
Tata Motors has reportedly called in for repairs two of its Nano cars, the world's cheapest model, after they reported short circuits near the combination switch in the steering column, igniting small fires.
Net profit of Yes Bank rose 75.59% to Rs 111.71 crore in the quarter ended September 2009 as against Rs 63.62 crore during the previous quarter ended September 2008. Total operating income rose 7.61% to Rs 526.91 crore in the quarter ended September 2009 as against Rs 489.66 crore during the previous quarter ended September 2008.
Net profit of Lanco Industries rose 382.02% to Rs 15.28 crore in the quarter ended September 2009 as against Rs 3.17 crore during the previous quarter ended September 2008. Sales rose 11.16% to Rs 175.77 crore in the quarter ended September 2009 as against Rs 158.13 crore during the previous quarter ended September 2008.
Net profit of Everonn Education rose 32.25% to Rs 10.62 crore in the quarter ended September 2009 as against Rs 8.03 crore during the previous quarter ended September 2008. Sales rose 43.51% to Rs 48.72 crore in the quarter ended September 2009 as against Rs 33.95 crore during the previous quarter ended September 2008.
Net profit of Kaveri Seed Company rose 53.71% to Rs 2.69 crore in the quarter ended September 2009 as against Rs 1.75 crore during the previous quarter ended September 2008. Sales rose 58.09% to Rs 26.78 crore in the quarter ended September 2009 as against Rs 16.94 crore during the previous quarter ended September 2008.
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