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| Honda launches LPG run generator Excelsior Correspondent NEW DELHI, Oct 20: Honda has launched much awaited 1.5 KVA LPG run Generator (EB 200 GP) in Indian Market. Having a higher out put it will allow to.........more Tata Steel shares up 4 pc on Corus takeover reports MUMBAI, Oct 20: Tata Steel stocks surged across the board on the bourses today, on massive buying by funds and investors .......more Adlabs Films Sept quarter net trebles to Rs 20 cr MUMBAI, Oct 20: Anil Ambani Group controlled Adlabs Films Ltd, today posted over three fold increase in net profit at Rs 20.46 crore for the quarter ended September 30, as against Rs 6.28........more MUMBAI, Oct 20: Leading IT solutions provider 3i Infotech Ltd today said it has signed an agreement to acquire UK-based asset management .....more |
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I-flex Solutions Q2 net up 90 pc at
Rs 101 cr MUMBAI, Oct 20: I-flex Solutions Ltd, an IT solutions provider, today posted an increase of 90 per cent in net income at Rs 100.93 crore for the quarter ended ..........more Hanung Toys lists at Rs 122 on BSE MUMBAI, Oct 20: Hanung Toys and Textiles Ltd, a manufacturer of stuffed toys and home furnishings, today listed at Rs 122 on the Bombay Stock Exchange at a 28.42 per cent premium over its issue price of Rs 95............more Gur down on increased arrival, poor demand NEW DELHI, Oct 20: Gur prices fell on the wholesale gur (jaggery) market today on considerable fall in demand amid increased arrivals and closed with ......more Millgate sugar shows mixed trend NEW DELHI, Oct 20: Sugar millgate showed a mixed trend on the wholesale sugar market today as select prices ...........more |
Honda launches LPG run generator Excelsior Correspondent NEW DELHI, Oct 20: Honda has launched much awaited 1.5 KVA LPG run Generator (EB 200 GP) in Indian Market. Having a higher out put it will allow to run more appliances like domestic water pump, cooler, TV etc not to mention fans, bulbs and tubes with complete ease now. One could run it for 24 hours on a commercial LPG cylinder as this translate to a consumption of merely 799 gram LPG per hour. It is ideally suited for residential and small business applications and these sets can be installed in homes, restaurants, small offices, banks, showrooms and other commercial establishments offering unswerving stand-by power in case of power outage. Equipped with the latest "Decomp" technology, that ensures effort less starting, the new model (EB 2000 GP) is most advanced in its category, more powerful and requires very less maintenance due to near zero carbon deposition. Speaking on the occasion president and CEO HSPP, K Kashiwagi, said, "Home and small business owners understand the value of uninterrupted alternate power source which would otherwise cripple their functioning from frequent power cuts. Our generators provide industry’s most precise voltage and frequency regulation to better support today’s sophisticated electronics". HSPP (Honda Siel Power Products Ltd, (HSPP) is a subsidiary of Honda Motor Company, and engaged in manufacturing and marketing of internal combustion engine based portable generators, general purpose engines and water pumps in the domestic and international markets. It also manufactures high tech 4 stroke Lawn-movers and brush cutters. |
Tata Steel shares up 4 pc on Corus takeover reports MUMBAI, Oct 20: Tata Steel stocks surged across the board on the bourses today, on massive buying by funds and investors triggered by reports that Anglo-Dutch steelmaker Corus has accepted the company's 4.3 billion pounds (Rs 36,500 crores) takeover bid. Country's largest steel maker, Tata Steel stocks shot up by Rs 19.30, or about 4 per cent at Rs 521 at noon with over 55 lakh shares changing hands on the bourses. The counter also recorded 112 block deals, placing the benchmark Sensex higher by 88 points at 12,811.59. The deal is the largest Indian takeover of a foreign company and will create the world's fifth-largest steel group. (PTI) |
Adlabs Films Sept quarter net trebles to Rs 20 cr MUMBAI, Oct 20: Anil Ambani Group controlled Adlabs Films Ltd, today posted over three fold increase in net profit at Rs 20.46 crore for the quarter ended September 30, as against Rs 6.28 crore for the same period last year. The total income of the company increased to over two fold at Rs 59.59 crore for the July-September quarter as compared to Rs 24.68 crore a year, the company informed the Bombay Stock Exchange. The shares of the company were trading at Rs 365.60 up 1.70 per cent on the BSE. (PTI) |
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MUMBAI, Oct 20: Leading IT solutions provider 3i Infotech Ltd today said it has signed an agreement to acquire UK-based asset management software company, Rhyme Systems. 3i Infotech said in a filing on the Bombay Stock Exchange that this aquisition would come close on the heels of the Liverpool Victoria Insurance client win and thereby complement the company's foray into UK's lucrative Banking, Financial Services and Insurance (BFSI) market. "The Rhyme Systems acquisition is a move to further consolidate our position as a strong BFSI player," 3i Infotech MD and CEO V Srinivasan said. Rhyme Systems, which has a revenue of over 15 million pounds, has eight of top eleven UK private wealth asset management companies as its clients including the likes of Brewin Dolphin, Coutts RBS, Jupiter, M&G, Barclays and LCH Clearet. Shares of 3i Infotech were trading at Rs 187.50, up 1.24 per cent on the BSE. (PTI) |
I-flex Solutions Q2 net up 90 pc at Rs 101 cr MUMBAI, Oct 20: I-flex Solutions Ltd, an IT solutions provider, today posted an increase of 90 per cent in net income at Rs 100.93 crore for the quarter ended September 30, as compared to Rs 53.12 crore for the same quarter in the previous fiscal. The revenue of the company for the second quarter ended September 30, increased 45.46 per cent to Rs 396.80 crore from Rs 272.78 crore for the corresponding period a year ago, i-flex informed the Bombay Stock Exchange. "We are delighted with the robust performance across all our business lines. The sales momentum in the market is healthy and we continue to progress well towards our vision of becoming the leading end-to-end solution provider for the financial services industry," i-flex Chairman and Managing Director Rajesh Hukku said. As per Indian GAAP, the group posted a net income of Rs 93.5 crore for the quarter ended September 30, as compared to Rs 38.4 crore for the same quarter last year. The revenues of the group increased to Rs 499.1 crore for the quarter ended September 30, from Rs 349.7 crore for the same period a year ago. The shares of the company were trading at Rs 1531, up 2.04 per cent on the BSE. (PTI) |
Hanung Toys lists at Rs 122 on BSE MUMBAI, Oct 20: Hanung Toys and Textiles Ltd, a manufacturer of stuffed toys and home furnishings, today listed at Rs 122 on the Bombay Stock Exchange at a 28.42 per cent premium over its issue price of Rs 95. The company had entered the capital market with a public issue of 95 lakh equity shares of Rs 10 each through a 100 per cent book-building process. The issue had opened on September 28 and closed on October 5. The price band had been fixed between Rs 85 to Rs 95 per equity share. Karvy Investor Services and Anand Rathi Securities were the book running lead managers for the issue and Karvy Computershare was the registrar. (PTI) |
Gur down on increased arrival, poor demand NEW DELHI, Oct 20: Gur prices fell on the wholesale gur (jaggery) market today on considerable fall in demand amid increased arrivals and closed with moderate losses. Marketmen said sufficient stocks position following fresh arrival against poor demand mainly pulled down gur prices. At Delhi, gur pedi and dhayya lost Rs 50 each at Rs 1400-1450 a quintal on reduced off take by local parties. Shakkar eased to Rs 1550-1600 a quintal on increased arrival. In Muzzafar Nagar, gur raskat superior quality declined by Rs 45 to settle at Rs 1025-1055 a quintal. Following were today's quotations: Chakku 1300-1350, Pedi 1400-1450 and Dhayya 1400-1450 Shakkar 1600-1650 and Khandsari 2100-2200. In Muzzafar Nagar: Raskat 1025-1055, chakku 1275-1350 and Khurpa new 1175-1225. In Murad Nagar: Pedi 1250-1370, Dhayya 1250-1350. (PTI) |
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Millgate sugar shows mixed trend NEW DELHI, Oct 20: Sugar millgate showed a mixed trend on the wholesale sugar market today as select prices recovered on select buying by millers while a few others lacked necessary follow up support and declined. Marketmen said scattered by millers mainly helped select prices to recover. In the millgate section, Daurala, Mawana and Modi Nagar were found scattered buying by millers and quoted higher at Rs 1810, Rs 1815 and Rs 1810 per quintal respectively. On the other hand, Chandpur, Sattha and Badaiu were slipped to Rs 1675, Rs 1680 and Rs 1670 a quintal respectively on lack of buying interest. Following were today's quotations in rupees per quintal. Sugar ready M-30 1860-2010 and S-30 1850-2000. Mill delivery M-30 1685-1865 and S-30 1675-1855. Sugar mill gate prices (excluded duty): Modi Nagar 1810, Bagpat 1705, Daurala 1810, Chandpur 1675, Titabi 1835, Mawana 1815, Simbhawali 1800, Khatauli 1800, Badaiu 1670, Sattha 1680, Ruderavilash 1690, Bijnor 1685 and Amroha 1690 and samali Rs 1790. (PTI) |
Edible, non-edible oils up on fresh buying NEW DELHI, Oct 20: Select edible and non-edible oil prices rose on the wholesale oils and oilseeds market today on fresh buying by refining mills and stockists in view of festive season and closed with moderate gains. Traders said fresh buying by vanaspati units and retailers to meet ongoing festive season demand mainly pushed up select edible oil prices. They said tight stocks position too gave push to rising prices. In the edible section, groundnut mill delivery oil gained Rs 50 at Rs 5050 a quintal while mustard expeller oil up by Rs 20 at Rs 4040 a quintal. Sesame and cottonseed mill delivery oils in line with general firm trend also quoted higher at Rs 4550 and Rs 4070 a quintal respectively. Palmoline (RBD) shot up by Rs 100 at Rs 400 a quintal in the absence of selling. In the non-edible section, Mahuwa, Castar and Palm fatty oils moved up to Rs 3850, Rs 3850-3875 and Rs 2900-3000 a quintal respectively on increased industrial demand. (PTI) |
Caustic soda down on reduced industrial offtake NEW DELHI, Oct 20: Barring a fall in caustic soda, prices ruled steady on the wholesale chemical market today in the absence of any worthwhile activity. Traders said reduced off take by detergent manufacturers mainly helped caustic soda prices to soften. They said volume of business was restricted as marketmen were in a festive mood and kept their activity restricted. Caustic soda flake prices quoted lower by Rs 10 at Rs 1350 a 50 kg bag. Following were today's quotations: Ammonia bicarb (25 kg) 325 Ammonium chloride (50 kg) 760-1250, acetic acid (1 kg) 42, boric acid technical (50 kg) 2,850-3,000, borex granular (50 kg) 1250-1400. Caustic soda flake (50 kg) 1,350 citric acid (50 kg) (China) 2,500-2,700 citric acid deshi (50 kg) 2,600-3,000, camphor slab (1 kg) 185-195, camphor powder (1 kg) 170, glycerine (1 kg) 57-59, hexamine (1 kg) 60, hydrogen peroxide (1 kg) 31-32, mercury (34.5 kg) 34,000, menthol bold crystal (per kg) 880, menthol flake (1 kg) 825 nd Mentha oil (1 kg) 675. Paraffin wax (50 kg)Iran 2600-2700 paraffin wax (50 kg)China 3050-3250 paraffin wax (50 kg) indian 3225 press wax (p tonne) 14,000 residue wax (p tonne) 25,000 soda ash (50 kg) (tata) 760 soda ash (50 kg) (dcw) 750 soda ash (50 kg) (gujarat) 750 soda ash (50 kg) (birla) 750 Sodium Nitrite (50 kg) 1350-1400 Sodium silicate (Qtl) 1000-1100 stable bleaching powder (shriram) (25 kg) 315 stable bleaching powder (chambal) 305 stable bleaching powder (modi) 320 tartaric acid france (1 kg) 382 thymol (1 kg) 600 titanium dioxide (ttk) (1 kg) 87 titanium dioxide (k-brand) (1 kg) 85 titanium dioxide (china) (1 kg) 80 titanium dioxide (TR-92) 130 titanium dioxide (rc-822) (1 kg) 130 oxalic acid (pcpl-red) 50 kg 2100 oxalic acid (pcpl-blue)50 kg 1725 Zinc oxide (kg) 125(PTI) Prices remain flat in thin trade NEW DELHI, Oct 20: There was not much activity on the wholesale kirana market today as most of the spices moved in a tight range on small alternate bouts of buying and selling and settled around previous levels. Marketmen said negligible enquiries against adequate stocks position mainly kept prices unaltered. Following were today's quotations (in quintal): Ajwain 4,000-6,200 Black pepper common 11,900-12,000 Betelnut (kg) 95-110, cardamom brown (Jhundiwali) 12,500-13,000 and cardamom brown (Kanchicut) 15,000-17,000. Cardamom small (kg): Chitridar 170-280, cardamom (colour robin) 285-295, cardamom bold 305-315, cardamom extra (bold) 400-425 and cloves (kg) 280-320. Chirounji (new) (kg) 240-300 Dry mango 2,600-8,500 Dhania 3,500-6,000 Dry ginger 8,000-10,000 Kalaunji 8,500-10,000 Mace-Red (kg) 495-500 Mace-Yellow (kg) 500-505 Methiseed 2,500-4,000 Makhana (per kg) 115-150 Netmeg 240-250 Poppyseed (KG Turkey) 145 Poppseed (KG MP-RAJ) 170-200 Poppyseed (KG U.P.) 130-140 Red chillies 3,500-8,500 Soya bari pariwar (20 kg) 350-400 Saffron (kg) Irani 29,000-30,000 Saffron (kg) Kashmiri 37,000-43,000 Soanf 8,000-11,000 Turmeric 2,800-4,300 Tamarind 1,400-1,750 Tamarind without seed 3,200-4,500 Tea (kg) 70-120 Watermelon kernel 5,300-5,500 Jeera common 8,500-8,800 Jeera dollar 8,600-8,700 (PTI) |
Gold climb in Asia as crude gain spurs inflation concern SINGAPORE, Oct 20: Gold gained in Asia as rising oil prices attracted investors seeking a hedge against inflation. Crude oil in New York rose for a second day after the Organization of Petroleum Exporting Countries increased the size of a planned output cut and said it may reduce production again. Gold has moved mostly in lockstep with oil this year. Gold gained 1.63 dollar, or 0.3 percent, to 601.03 dollar an ounce. The precious metal reached a 26-year high of $730.40 on May 12. Gold for delivery in December rose 1.60 dollar to 604.10 dollar an ounce on the Comex division of the New York Mercantile Exchange. Some investors buy gold when energy prices climb. Gold futures reached a record 873 dollar an ounce in January 1980 when oil costs doubled in a year, pushing up inflation rate. A futures contract is an obligation to buy or sell a commodity at a set price for delivery by a specific date. (AGENCIES) |
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