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News Headlines
Food Inflation Stays Above 15% for Fourth Week as Subbarao Increases Rates
(Bloomberg Finance LP)
India’s food inflation remained above 15 percent for a fourth straight week as the
central bank raised interest rates to damp price expectations.
RBI intends to keep cash in deficit (Reuters)
The Reserve Bank of India has no current plans to take new steps to ease cash
conditions further and it expects an unwinding of the factors contributing to the
shortfall in the months ahead, its chief said on Thursday.
Govt has no immediate plan to halt commodity futures (Reuters)
India has no immediate plans to ban futures trading in any commodity, the consumer
affairs secretary said on Thursday, after concerns the government could curb futures
in essential food items to tame high inflation.
RBI to decide on microfinance recommendations by April (Reuters)
The RBI chief said on Thursday it would decide on microfinance sector
recommendations by March or April. Duvvuri Subbarao was speaking at a conference
call for analysts after the central bank raised policy rates by 25 basis points.
Dena Bank see net NPA of 1.6-1.7 pct in FY11 (Reuters)
State-run Dena Bank expects to have a net non-performing asset (NPA) ratio of 1.6-
1.7 percent for FY11, Executive Director Ashok Dutt told reportes on Thursday.
Srei Infra sees 25-30 pct profit growth in FY11 (Reuters)
SREI Infrastructure Finance expects FY11 profit to grow 25-30 percent from a year
ago, but margins may see some pressure, a senior official told Reuters on Thursday.
Television Eighteen Oct-Dec consol net 61.5 mln rupees (Reuters)
Television Eighteen India Ltd on Thursday posted a December-quarter consolidated
net profit of 61.5 million rupees on net sales of 1.46 billion rupees.
Tata Chemicals net down 22% on high fuel, power cost (BL)
Tata Chemicals has reported a 22 per cent fall in net profit at Rs 165 crore for the
December quarter against Rs 212 crore in the same period last year, largely due to
higher fuel and power cost. Sales were up nine per cent to Rs 2,860 crore.
Thermax profit soars 77% on strong energy segment growth (BL)
Thermax Ltd has registered a net profit of Rs. 100 crore in the 3Q of FY 11, a rise of
77% over Rs 56.5 crore during the corresponding quarter of the previous year. The
total operating revenue grew 66% year on year to stand at Rs 1241 crore.
IRB Infra Q3 net rises 43% (BL)
Toll road operator IRB Infrastructure Developers has posted a 43 per cent rise in net
profit at Rs 136 crore for the third quarter-ended December 31, 2010 against Rs 95
crore in the same period last year.
Subex Q3 net zooms 111% (BL)
Subex, which provides operations and business support systems for communication
service providers, on Thursday said its net profit (before exceptional items) grew 111
per cent to Rs 24 crore during the third quarter of the current fiscal.
Emami Q3 net rises 9 pct, plans 3-4 pct price hike (Reuters)
Personal care products maker Emami Ltd posted a 9 percent jump in third quarter net
profit hurt by rising input costs, and plans to hike product prices by 3-4 percent from
end-Jan to offset margin pressure.
Tribhovandas Bhimji files for 2-bln-rupee IPO (Reuters)
Jewellery retailer Tribhovandas Bhimji Zaveri Ltd has filed an application with the
market regulator for an initial public offering of up to 2 billion rupees ($44 million).
China Q1 GDP seen up 9 pct y/y, CPI up 5 pct (Reuters)
China's annual economic growth is expected to ease to about 9 percent in the first
quarter while consumer inflation is projected at 5 percent, according to a government
think tank report published in the official Chinese Securities Journal on Thursday.
Business Investment Climbs, Housing Stabilizes (Bloomberg Finance LP)
Companies ordered more equipment in December for a second month, showing
business investment will continue to bolster the U.S. economic recovery into 2011.
German Inflation Accelerated in January to Highest Level Since Late 2008
(Bloomberg Finance LP)
Inflation in Germany, Europe’s largest economy, accelerated in January, led by rising
energy and food prices. The inflation rate, calculated using a harmonized European
method, rose to 2 percent from 1.9 percent in December.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Food Inflation Stays Above 15% for Fourth Week as Subbarao Increases Rates
(Bloomberg Finance LP)
India’s food inflation remained above 15 percent for a fourth straight week as the
central bank raised interest rates to damp price expectations.
RBI intends to keep cash in deficit (Reuters)
The Reserve Bank of India has no current plans to take new steps to ease cash
conditions further and it expects an unwinding of the factors contributing to the
shortfall in the months ahead, its chief said on Thursday.
Govt has no immediate plan to halt commodity futures (Reuters)
India has no immediate plans to ban futures trading in any commodity, the consumer
affairs secretary said on Thursday, after concerns the government could curb futures
in essential food items to tame high inflation.
RBI to decide on microfinance recommendations by April (Reuters)
The RBI chief said on Thursday it would decide on microfinance sector
recommendations by March or April. Duvvuri Subbarao was speaking at a conference
call for analysts after the central bank raised policy rates by 25 basis points.
Dena Bank see net NPA of 1.6-1.7 pct in FY11 (Reuters)
State-run Dena Bank expects to have a net non-performing asset (NPA) ratio of 1.6-
1.7 percent for FY11, Executive Director Ashok Dutt told reportes on Thursday.
Srei Infra sees 25-30 pct profit growth in FY11 (Reuters)
SREI Infrastructure Finance expects FY11 profit to grow 25-30 percent from a year
ago, but margins may see some pressure, a senior official told Reuters on Thursday.
Television Eighteen Oct-Dec consol net 61.5 mln rupees (Reuters)
Television Eighteen India Ltd on Thursday posted a December-quarter consolidated
net profit of 61.5 million rupees on net sales of 1.46 billion rupees.
Tata Chemicals net down 22% on high fuel, power cost (BL)
Tata Chemicals has reported a 22 per cent fall in net profit at Rs 165 crore for the
December quarter against Rs 212 crore in the same period last year, largely due to
higher fuel and power cost. Sales were up nine per cent to Rs 2,860 crore.
Thermax profit soars 77% on strong energy segment growth (BL)
Thermax Ltd has registered a net profit of Rs. 100 crore in the 3Q of FY 11, a rise of
77% over Rs 56.5 crore during the corresponding quarter of the previous year. The
total operating revenue grew 66% year on year to stand at Rs 1241 crore.
IRB Infra Q3 net rises 43% (BL)
Toll road operator IRB Infrastructure Developers has posted a 43 per cent rise in net
profit at Rs 136 crore for the third quarter-ended December 31, 2010 against Rs 95
crore in the same period last year.
Subex Q3 net zooms 111% (BL)
Subex, which provides operations and business support systems for communication
service providers, on Thursday said its net profit (before exceptional items) grew 111
per cent to Rs 24 crore during the third quarter of the current fiscal.
Emami Q3 net rises 9 pct, plans 3-4 pct price hike (Reuters)
Personal care products maker Emami Ltd posted a 9 percent jump in third quarter net
profit hurt by rising input costs, and plans to hike product prices by 3-4 percent from
end-Jan to offset margin pressure.
Tribhovandas Bhimji files for 2-bln-rupee IPO (Reuters)
Jewellery retailer Tribhovandas Bhimji Zaveri Ltd has filed an application with the
market regulator for an initial public offering of up to 2 billion rupees ($44 million).
China Q1 GDP seen up 9 pct y/y, CPI up 5 pct (Reuters)
China's annual economic growth is expected to ease to about 9 percent in the first
quarter while consumer inflation is projected at 5 percent, according to a government
think tank report published in the official Chinese Securities Journal on Thursday.
Business Investment Climbs, Housing Stabilizes (Bloomberg Finance LP)
Companies ordered more equipment in December for a second month, showing
business investment will continue to bolster the U.S. economic recovery into 2011.
German Inflation Accelerated in January to Highest Level Since Late 2008
(Bloomberg Finance LP)
Inflation in Germany, Europe’s largest economy, accelerated in January, led by rising
energy and food prices. The inflation rate, calculated using a harmonized European
method, rose to 2 percent from 1.9 percent in December.
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