Updates
Ramalinga Raju front companies cliams 1230 crores from Mahindra Satyam
Hyderabad: B.Ramalinga Raju, who is now taking treatment in NIMS hospital in Hyderabad cleverlly arranged legal notices to Mahindra Satyam, owned by Tech Mahnidra Ltd. Satyam Computer Services Ltd has informed BSE that: “Mahindra Satyam has received legal notices from 37 companies claiming a refund of Rs. 1230. 40 crores (equivalent to around USD 265 [...]
Share Tips Prices Targets: IVRCL restructuring rational report by Motilal Oswal
It seems analyst community is convinced with the move taken by the IVRCL Infrastructure management to transfer the BOT assets to its listed subsidiary IVR Prime Urban Developers Ltd. Angel Broking given some positive opinion recently and Motilas Oswal has come out with some more details after the meeting the management. here is the key [...]
ICICI Securities Ltd MD & CEO Madhabi Puri Buch reaction on poll results
The mood of the moment is clearly upbeat. The largest and most complex election process on the planet is complete. The impact of the results on the markets is clearly positive. Both in the short term and long term. In the secondary markets and the primary markets.
Why ? It is almost as though investors had [...]
Stock Markets may take UPA win a positive move
New Delhi: Indian stock markets are likely to react positively on Congress led United Progressive Alliance winning Lok Sabha elections, which the results were out today.
The initial response on various TV Channels is positive.
The domestic brokerage firm Angel Broking Chairman and Managing Director Dinesh Thakkar termed the event as positive surprise.
“The election results have come [...]
Infosys Annual Report Available Online for ADS Holders
Bangalore, India – May 15, 2009: Infosys Technologies Limited (NASDAQ: INFY) today announced that as in the previous year, it will avail NASDAQ’s rule amendment which allows a company to furnish its annual reports to its ADS holders on its website in lieu of physical distribution.
Accordingly, the Annual Report on Form 20-F for the year [...]
Hero Honda Motors Ltd Q4 results update
Hero Honda Motors Ltd has planned a capex of Rs.350 cr in FY10 for product development,
investment in engine technology (due to new emission norms), setting up a
paint shop in Haridwar and plant modernisation at the facilities. In 2009,
HHML launched 9 models alongwith its variants and plans to launch similar
number of models in 2010.The management is [...]
Motilal Oswal views on Inidan Bank, Pantaloon Retail, HDFC, Great Offshore and TCS
Indian Bank (INBK IN; Mkt Cap USD1.1b, CMP Rs122, Buy);
Indian Bank’s reported NII grew 25% YoY (adjusted NII grew 49% YoY) v/s our estimate of 19% YoY growth. Business growth remained strong and asset quality improved.
n In 3QFY09 NIMs improved 5bp QoQ and 8bp YoY to 3.91%.
n Loans grew 38% YoY and 5% QoQ to [...]
Indiabulls Securities to Consider Buy Back
Indiabulls Securities Ltd has declared its unaudited results for the quarter ended 31st December 2008. Also the board announced that they will meet on February 2, 2009 to consider inter alia proposal for Buy Back of equity share of the company.
Indiabulls Securities Ltd recorded revenues of Rs 86.72 crore for the quarter ended December 31, [...]
Cement Dispatches rebound in November
SECTOR UPDATE by Sharekhan
Cement dispatches for November 2008 grew by 12% year on year (yoy) to 14.43 million metric tonne (MMT). Cumulative dispatches from April to November 2008 rose by 7.4% to 114.70MMT. The growth for the month under review is mainly on the back of low base effect and end of festive season in [...]
Sharekhan Eagle eye this week on Lupin
Lupin settles with Schering on Clarinex
Lupin has settled with Schering-Plough all ongoing litigations relating to Desloratadine tablets, the generic version of Schering-Plough’s allergy drug “Clarinex”® tablets used in the treatment of allergy. As per the terms of the settlement, Lupin will be licenced under the relevant Desloratadine patents and free to commercially launch its generic [...]
