Shah Foods standalone Jun '14 sales at Rs 1.18 crore

Jul 31, 2014, 12.02 PM IST | Source: Moneycontrol.com Shah Foods has reported a sales standalone turnover of Rs 1.18 crore and a net profit of Rs 0.06 crore for the quarter ended Jun '14 Like this story, share it with millions...

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Eye Rs 300cr recoveries, 2.8% margins for FY15: K'taka Bank

Mangalore-based private sector lender posted a 29.16 per cent increase in net profit to Rs 121.63 crore for the quarter ended June 30, compared with Rs 94 crore in the corresponding quarter of the last year. In an interview to CNBC-TV18, P Jayarama...

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Syndicate Bank Q1 net up 7% but asset quality deteriorates

Asset quality of the bank deteriorated during the quarter with the gross non-performing assets (NPA) rising 35 basis points sequentially (up 59 bps year-on-year) to 2.97 percent and net NPA increasing by 32 bps Q-o-Q (up 69 bps Y-o-Y) to 1.88 percent...

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See robust growth for domestic decorative: Shalimar Paints

Sameer Nagpal, MD & CEO, Shalimar Paints in an interview to CNBC-TV18 spoke about the company's first quarter performance and the outlook going forward. Sameer Nagpal, MD & CEO,  Shalimar Paints in an interview to CNBC-TV18 spoke about...

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SBI declines, ICICI Bank gains; Sensex remains below 26000

Larsen and Toubro topped the selling list, falling more than 5 percent followed by Sesa Sterlite with 3.5 percent after reporting weak set of results in the quarter ended June 2014. Citi downgraded L&T to a neutral and lowered target price by 4 percent...

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Downgraded LT from buy to accumulate: Quant Capital

"As far as the EPS and price target is concerned, we haven't changed any of the numbers because our numbers are still quite conservative compared to what street has been putting up," Abhineet Anand, Capital Goods Analyst, Quant Capital said. In an...

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According to the Cashew Export Promotion Council of India

According to the Cashew Export Promotion Council of India, cashew exports from India declined compared with the last year. During May, shipments were 8397 tonn ... According to the Cashew Export Promotion Council of India, cashew exports from India...

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United States soybeans jumped 1 percent

United States soybeans jumped 1 percent, rising for three out of the past four sessions, in hope of strong demand following a steep decline in prices. The main ... United States soybeans jumped 1 percent, rising for three out of the past four sessions,...

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ITC Q1 profit rises 15.6%; revenue beats estimates, up 25%

Net sales grew 24.9 percent, higher-than-expected, to Rs 9,164.4 crore in the quarter ended June 2014 compared to Rs 7,339 crore in corresponding quarter of last fiscal. Moneycontrol Bureau Cigarette-to-hotel-to-FMCG major  ITC met street expectations...

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Buy JSW Energy; target of Rs 93: Edelweiss

Edelweiss is bullish on JSW Energy and has recommended buy rating on the stock with a target of Rs 93 in its July 23, 2014 research report. Edelweiss`s research report on JSW Energy"JSW Energy's (JSW) ~INR3.3bn Q1FY15 PAT was in line with estimates....

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Dollar Index can find support at 80.15 level: Angel

Angel Broking has come out with its special technical report on Dollar Index (DX). "Resistance could be seen at 82.00 levels and then final resistance will be observed at 83.50 levels. Prices can find support at 80.15 levels and below that strong support...

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Sell NCDEX Dhaniya Sept; target of Rs 11100-10800: Emkay

According to Emkay, one can sell NCDEX Dhaniya September Contract around Rs 12500-12550 and on rallies towards Rs 12800 for target of Rs 11100 and Rs 10800 with stop loss of Rs 13500 on daily closing basis. Emkay's Dhaniya special report NCDEX Dhaniya...

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Force Motors Q1 net up 36% at Rs 19cr

Net sales of the Pune-based company rose to Rs 538.42 crore for the first quarter, as against Rs 497.13 crore in the same period of previous fiscal, Force Motors Ltd said in a BSE filing. Force Motors  today posted 35.87 percent increase in its...

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PM launches portal for citizens to contribute in governance

Modi said MyGov (mygov.nic.in) is a technology-driven medium that will provide citizens an opportunity to contribute towards good governance, the statement added. Prime Minister Narendra Modi today launched a website MyGov that aims to help citizens...

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TOP TEN RAINIEST CITIES IN INDIA ON FRIDAY

Rain has reduced significantly across the country but Baroda in Central India received heavy Monsoon rain up to 121 mm in the last 24 hours. According to the latest weather update by Skymet Meteorology Division in India, the west coast will continue...

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SSPDL: Updates on change in subsidiary name

SSPDL Ltd has informed BSE that one of the Company's subsidiary Company (i.e., SSPDL Interserve Private Limited, has been changed to SSPDL Infratech Private Limited with effect from July 24, 2014. SSPDL Ltd has informed BSE that one of the Company's...

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Birla Corporation's AGM on August 21, 2014

Birla Corporation Ltd has informed BSE that the 94th Annual General Meeting (AGM) of the Company will be held on August 21, 2014. To read the full report click here ...

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Midvalley Entertainment appoints Kamalnayan Harakchand as whole time director

Midvalley Entertainment Ltd has informed that Mr. Kamalnayan Harakchand, Director of the Company was appointed as the Whole Time Director and Mrs. Ganapathy Lalitha was appointed as additional director w.e.f. March 31, 2014. Midvalley Entertainment...

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Bajaj Auto an underperformer, target of Rs 1830: LKP

LKP has recommended an underperformer rating on Bajaj Auto with a target of Rs 1830 in its July 18, 2014 research report. LKP's research report on Bajaj Auto "Bajaj's domestic sales may find it difficult to improve volumes/market share despite new...

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Buy HCL Infosystems, Wockhardt, Vardhman Tex, RIL: Merani

Nooresh Merani of Analyse India recommends buying Vardhman Textiles with a target of Rs 800 in the long term and Reliance Industries with a target of Rs 1150. In CNBC-TV18's popular show Bull's Eye, Nooresh Merani of Analyse India shares his trading...

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Arihant capital neutral on TCS

Arihant capital markets has recommended a neutral rating on Tata Consultancy Services (TCS) with a target price of Rs 2557, in its research report dated July 21, 2014. Arihant capital markets' research report on  Tata Consultancy Services (TCS)...

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Geometric aims to meet Nasscom FY15 industry growth target

Geometric reported a consolidated net profit of Rs 19.2 crore in Q1, up 24.6 percent from Rs 15.4 crore Y-o-Y. On a sequential basis, the net jumped 185.7 percent from Rs 6.72 crore. We have come off a difficult year and I don't want to give optimistic...

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Insurance foreign stake hike to benefit Rel Cap: Analyst

Reliance Capital has foreign ownership up to 26 percent in its life-insurance business (Japan's Nippon picked up the stake at Rs 11,500 crore in 2012) while its general insurance arm does not have any foreign ownership. Other than Reliance Capital,...

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Cairn's $1.25bn loan to Vedanta: 3 key questions unanswered

Raising concerns of adequate cash utilization Hetal Dalal, COO of proxy firm Investor Advisory Services India Ltd (IiAS) is concerned by the levels of disclosure made by the company with respect to this transaction Private oil and gas player ...

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Polaris Q1 profit slips 15.6% to Rs 38.3 cr, OPM up 30 bps

Consolidated net sales declined 2.8 percent to Rs 601.8 crore in first quarter of current financial year 2014-15 from Rs 619.4 crore in last quarter of previous financial year. Moneycontrol Bureau Midcap IT company  Polaris Financial Technology...

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Bank of Baroda may test Rs 900: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Bank of Baroda may test Rs 900 in the short term. Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Public sector undertaking (PSU) banks are looking up after a long time. I think we can let...

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Buy Godrej Prop, Biocon, JB Chemicals, FDC: Nooresh Merani

Nooresh Merani of Analyse India recommends buying FDC for a target of Rs 160 and JB Chemicals for a target of Rs 190. In CNBC-TV18's popular show Bull's Eye, Nooresh Merani of Analyse India shares his trading strategies for the day. One can buy Godrej...

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Mkt must correct 5-10% to become attractive: Blackridge

Arindam Ghosh, MD & CEO, Blackridge Capital Advisors believes market should correct another 5-10 percent in the near-term to become more attractive and the valuations a lot more supportive. According to him, if the market consolidates around 8-10...

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Zinc at key level: Sharekhan

According to Sharekhan, one can expect a move of Rs 2.5 to Rs 4 on break-out in either direction (upside level of Rs 139 and downside level of Rs 137.50). Sharekhan's report on Zinc As one can see from the adjacent chart, MCX zinc is trading in a triangle...

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Rupee may trade on mixed note today: Angel

According to Angel Broking, Indian Rupee is expected to trade on a mixed note today on the back of weakness in the DX along with upbeat global market sentiments will support an upside in the currency. Angel Broking's report on Rupee The Indian Rupee...

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Sensex, Nifty firm; BSE Midcap, Smallcap gain 1%, RIL up 3%

12:26 Moneycontrol BureauLive Market Commentary Equity benchmarks remained steady in noon trade with the Sensex gaining 117.43 points to 25758.99 and the Nifty rising 30.55 points to 7694.45 supported by banks and FMCG stocks. Index heavyweight...

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See 9% volume growth for Ultratech for FY15: Quant

In an interview to CNBC-TV18, Mangesh Bhadang, Cement Research Analyst at Quant Broking, said the Q1 was a disappointment on the EBITDA front, but volumes were surprisingly high, which was a positive. Ultratech Cement  has posted a weak set of...

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Revenue collection expected to exceed target in FY15: FM

The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore. After missing target in the last financial...

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Will loan growth drag HDFC Q1 earnings?

Credit Suisse estimates that HDFC PAT may be lower at 12 percent on yearly basis. It says in a report that HDFC's operational performance will remain healthy with a continued traction in retail mortgage growth (20 percent YoY) and stable spreads. ...

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Ultratech Cement Q1 net dips 6% to Rs 628 crore

On a consolidated basis, net sales, however, grew to Rs 5,989 crore compared to Rs 5,272 crore in the corresponding period of the previous year. Ultratech Cement  today reported a little over six per cent dip in its consolidated net profit for...

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Top 5 problems faced by Delhi during Monsoon

Monsoon has finally covered entire India, with rain being observed at many places. Though this has pulled down temperatures and made the weather extremely pleasant, there are several adversities that come along with Monsoon.  1. Bugs and Insects...

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Birla Sun Life Emerging Leaders Fund - Series 4 floats on

Birla Sun Life Mutual Fund has launches Birla Sun Life Emerging Leaders Fund - Series 4, a close ended equity scheme with the primary objective to generate long-term capital appreciation by investing predominantly in equity and equity related securities...

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Birla Sun Life MF announces dividend under its 2 Schemes

Birla Sun Life Mutual Fund has announced dividend under Birla Sun Life Midcap Fund and Birla Sun Life Small & Midcap Fund, the record date for dividend is July 24, 2014. ...

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The gains in United States soybean futures were capped by forecasts

The gains in United States soybean futures were capped by forecasts of crop-friendly weather across the US Midwest, which is likely to see cooler and wetter co ... The gains in United States soybean futures were capped by forecasts of crop-friendly...

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Ukraine, Russia trade blame over Malaysian plane tragedy

Ukraine and Russia traded accusations after US intelligence officials said a surface-to-air missile hit a Malaysia Airlines passenger plane carrying 298 people on Thursday. US Vice President Joe Biden said the plane crash was "not an accident," adding...

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Sand Plast's board meeting on July 22, 2014

Sand Plast (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 22, 2014, inter alia, to allot 18,00,000 equity shares to Ratna Commercial Enterprises Private Limited. Sand Plast (India) Ltd has...

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Pantaloons jumps 4% ahead of board meet today

The board will meet to consider fund raising proposal for the company, including rights issue. Moneycontrol Bureau Shares of  Pantaloons Fashion & Retail jumped another 4 percent intraday on Friday ahead of a board meeting today. The board...

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Interact with CNBC-TV18: Here's how ICICI Pru AMC is playing banks metals

Manish Gunwani of ICICI Pru AMC said that the banks that have higher infrastructure exposure and which have expertise in lending to infrastructure would benefit more. Moneycontrol Boarders Shantanu Prakash and Azeem posted questions on the moneycontrol...

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Why compulsory demat is a step in right direction

Moneycontrol BureauIn what will be a major capital market reform, the Securities and Exchange Board of India (SEBI) is planning to come out with a step mandating shares to be compulsorily held in the dematerialized, or electronic, form, Business Standard...

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How liberalising ADR/GDR may prove costly for bond mkt

According to India Ratings, for an issuer with high quality credit profile, the foreign currency bond may appear more lucrative on an un-hedged basis than raising debt capital from the domestic debt market. Moneycontrol Bureau In an attempt to boost...

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Modi likely to announce new-look Planning Commission soon

Prime Minister Narendra Modi is likely to announce a new-look Planning Commission soon. The new role of the Planning Commission would be that of an advisory role than it has at present of a resource allocation. CNN-IBN's Marya Shakil has more details....

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Buy Biocon, Tata Comm, Thomas Cook, IOC: Krish Subramanium

Krish Subramanium of Asit C Mehta Investment Intermediates recommends buying Indian Oil Corporation for a target of Rs 345 and Thomas Cook (India) for a target of Rs 126. In CNBC-TV18's popular show Bull's Eye, Krish Subramanium of Asit C Mehta Investment...

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To gain from RBI norms over medium-long term: Gammon Infra

Finance minister Arun Jaitely in Union Budget on July 10 had underlined his government's focus to revive Indian economy by giving an impetus to the infrastructure sector. Hailing the Reserve Bank of India's move to relax infrastructure financing rules...

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Budget 2014: Here's how realty sector will be impacted

Ganesh VasudevanIndiaProperty.comThe clear cut win of Narendra Modi and his alliance during the elections has created a major impact on the aam aadmi (common man). With the Prime Minister now facing the first test to prove his credentials, the new government...

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