Indiabulls Power, Reliance Industries may see action

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ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
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GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 30/10/2009 | 12:00 AM IST

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Friday, October 30, 2009 (New Delhi)

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Indiabulls Power, a subsidiary of Indiabulls Real Estate, will list on the stock exchanges today, 30 October 2009, at an issue price of 45.

Reliance Industries (RIL) reported a lower quarterly profit for the fourth time in a row due to shrinking refining margins. Net profit of RIL fell 6.4% to Rs 3852 crore on a 4.8% increase in sales to Rs 46848 crore in Q2 September 2009 over Q2 September 2008. Gross refining margins fell to $6 a barrel, the lowest in at least five years, Q2 September 2009 from $13.4 a barrel in Q2 September 2008.

Decrease in prices was partially offset by higher volumes. Its refining business, the largest contributor to revenues increased 8.9% to Rs 39,564 crore in the second quarter of FY10. Revenues from petrochemicals increased 14.2% to Rs 13,340 crore during the period under review. On the other hand, revenues from oil & gas more than tripled to Rs 2,937 crore as against Rs 1,864 crore in the corresponding period last year.

Net profit of Grasim Industries rose 60.73% to Rs 674.25 crore in the quarter ended September 2009 as against Rs 419.50 crore during the previous quarter ended September 2008. Sales rose 11.02% to Rs 2983.77 crore in the quarter ended September 2009 as against Rs 2687.52 crore during the previous quarter ended September 2008.

Net profit of DLF slumped 94.7% to Rs 33.78 crore on a 70.8% slide in sales to Rs 314.19 crore in Q2 September 2009 over Q2 September 2008. Profits took a hit on lower demand for homes, offices and shops, and higher interest outgo.

Bharti Airtel, ICICI Bank, Indian Oil Corporation, Nalco, Steel Autority of India, ABB, Ackruti City, Ashok Leyland, Divi's Labs, Educomp Solutions, Federal Bank, Gammon India, GE Shipping, GSK Pharma, Godrej Consumer, Indiabulls Real Estate, Indiabulls Retail, Indiabulls Securities, Indian Hotels, IRB Infra, IVRCL Infra, MTNL, Mundra Port and Special Economic Zone, Nestle, Oracle Financial Service, Orchid Chemicals, Reliance Capital, Thermax, Torrent Power, and Uttam Galva, are some of major companies that will announce their September 2009 ended quarter results today, 30 October 2009.

The government on Thursday (29 October 2009), cleared a public issue by Rural Electrification Corporation Limited (REC), which involves the sale of fresh equity worth 15% of the company's paid-up capital and divestment of 5% government stake in the company. The follow-on-public offer (FPO) that involves the issue of over 17 crore equity shares, was approved by the Cabinet Committee on Economic Affairs (CCEA) which met on Thursday.

Ranbaxy Laboratories could look at acquisitions in India, managing director and chief executive officer Atul Sobti was quoted by media as saying.

Tata Tea reportedly plans to exit beverage retailing business as part of the company's strategy to focus on branded products.

Adani Enterprise, Aditya Birla Nuvo, Aftek, AIA Engg, Allied Digital, Alstom Projects, Ansal Housing, Arvind, Assam Co, Aurobindo, Ballarpur, Bank Of Maharashtra, Bartronics, Berger Paints, Bharat Electronics, Bilpower, Bombay Rayon, BPL, Carborundum, Central Bank, Cinemax, Deccan Chronicle, Dolphin Offshore, Dredging Corp, Easun Reyrolle, EID Parry, Essar Shipping, Fedders Lloyd, Federal-Mogul, FACT, Geodesic, Gujarat Industries Power, GVK Power, Gwalior Chemical, HEG, Hindustan Dorr, ICSA, Ind-Swift, Ind-Swift Labs, IVR Prime, J&K Bank, Karur Vysya Bank, KEC International, Kohinoor Foods, KPIT Cummins, Lakshmi Energy, Max India, Moser-Baer, Mukand, Page Industries, Plethico, PVP Ventures, Raj Oil, Rajesh Exports, RCF, RPG Cables, Saksoft, Sejal Architectural, Simplex Infra, Strides Arcolab, Syndicate Bank, Tanla Solutions, Thinksoft, Uflex, Visa Steel, Vishal Retail, and Voltamp Transformers, are some of the other companies that will announce their September 2009 ended quarter results today, 30 October 2009.

Net profit of Cairn India declined 61.82% to Rs 31.09 crore in the quarter ended September 2009 as against Rs 81.44 crore during the previous quarter ended September 2008. Sales declined 61.82% to Rs 0.21 crore in the quarter ended September 2009 as against Rs 0.55 crore during the previous quarter ended September 2008.

Bharat Petroleum Corporation reported net loss of Rs 158.77 crore in the quarter ended September 2009 as against net loss of Rs 2625.27 crore during the previous quarter ended September 2008. Sales declined 28.43% to Rs 27071.03 crore in the quarter ended September 2009 as against Rs 37826.20 crore during the previous quarter ended September 2008.

Net profit of Tata Power Company declined 30.06% to Rs 183.19 crore in the quarter ended September 2009 as against Rs 261.93 crore during the previous quarter ended September 2008. Sales declined 13.09% to Rs 1672.28 crore in the quarter ended September 2009 as against Rs 1924.15 crore during the previous quarter ended September 2008.

Net profit of Procter & Gamble Hygiene and Health Care rose 4.72% to Rs 51.48 crore in the quarter ended September 2009 as against Rs 49.16 crore during the previous quarter ended September 2008. Sales rose 19.72% to Rs 225.46 crore in the quarter ended September 2009 as against Rs 188.32 crore during the previous quarter ended September 2008.

Net profit of Britannia Industries rose 10.83% to Rs 59.07 crore in the quarter ended September 2009 as against Rs 53.30 crore during the previous quarter ended September 2008. Sales rose 2.38% to Rs 858.51 crore in the quarter ended September 2009 as against Rs 838.54 crore during the previous quarter ended September 2008.

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