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| Instanex Skindia DR Index tumbles by
77 pts MUMBAI, Jan 31: The Instanex Skindia DR Index tumbled by 77.00 points or 2.41 per cent to 3,123.24 on January 30 from 3,200.24 previously.......more' MOIL to invest Rs 350 cr to raise prod capacity to 1.5 mn ton NEW DELHI, Jan 31: Manganese Ore India limited will invest about Rs 350 crore during the ongoing Eleventh Plan period to ramp up ......more Economy surges on manufacturing to grow by 9.6 pc in 2006-07 NEW DELHI, Jan 31: Recording another year of impressive performance, the ........more Maruti
Suzuki to hike NEW DELHI, Jan 31: Country’s largest car maker, Maruti Suzuki Ltd is likely to hike prices across all models by Rs 2,000- 12,000."This comes in the backdrop of increaseing input costs which has been affecting its margin," revealed .....more |
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IOC Q3 net up 16.7 pc MUMBAI, Jan 31: State-run Indian Oil Corp today posted a 16.7 per cent growth in net profit at Rs 2,090.69 crore for the third quarter ended December 31, 2007 as compared to Rs 1,791.37 .....more NEW DELHI, Jan 31: Prices of cardamom small varieties rose in the range of Rs 10-20 in the wholesale kirana market today .......more Kapas,
cucud futures NEW DELHI, Jan 31: Futures prices of kapas (seed cotton) and cucud (raw cotton) today fell for the third consecutive day at NCDEX and MCX following sluggish ......more Makemytrip
launches CHENNAI, Jan 31: Travel portal, Makemytrip.Com has announced a 'special holiday package' for destinations in Europe, Australia and the United States, under which only half of the cost needs to be paid in advance.The rest of the package cost can be paid by the .....more |
Instanex Skindia DR Index tumbles by 77 pts MUMBAI, Jan 31: The Instanex Skindia DR Index tumbled by 77.00 points or 2.41 per cent to 3,123.24 on January 30 from 3,200.24 previously. The P/E Ratio also dropped to 27.62 from 28.29, Instanex Capital release said here today. Following are the GDR and ADR rates for January 30 in US dollars with differences in percentage from the previous level given in brackets. Bajaj Auto(GDR) 57.57 (-3.24) Dr Reddy (ADR) 13.92 (-1.76) HDFC Bank (ADR) 117.31 (-1.68) Hindalco (GDR) 4.40 (+2.33) ICICI Bank (ADR) 61.56 (-1.12) Infosys Tech (ADR) 39.90 (-0.77) ITC (GDR) 5.10 (+0.99) L&T (GDR) 93.50 (-4.89) MTNL (ADR) 6.89 (+0.29) Ranbaxy Labs (GDR) 8.90 (+2.34) Reliance (GDR) 124.10 (-5.32) Satyam Comp (ADR) 24.44 (-2.63) SBI (GDR) 115.75 (-3.02) VSNL (ADR) 25.27 (-3.03) Wipro (ADR) 11.99 (+0.84) (PTI) MOIL to invest Rs 350 cr to raise
prod NEW DELHI, Jan 31: Manganese Ore India limited will invest about Rs 350 crore during the ongoing Eleventh Plan period to ramp up its production capacity to 15 lakh tons in the next five years, its top official said today. "We will invest about Rs 350 crore during the 11th Plan period to increase our production to 15 lakh tons and will strive to become a Rs 1,500 crore company by 2010," Manganese Ore India limited (MOIL) Chairman and Managing Director K L Mehrotra said here. The company, which enjoys Miniratna-1 status and has registered Profit Before Tax of Rs 311.12 crore during April to December this year, today paid a dividend of Rs 29.69 crore to the government which holds 81.57 per cent shares in it. MOIL achieved a turnover of Rs Rs 491.90 crore during April-December this year against Rs 294.63 crore in the same period previous year. Its Profit After Tax shot up by 156 per cent to Rs 205.50 crore during this period against Rs 80.18 crore in the same period previous year. The PSU is executing various capacity-expansion projects simultaneously, including a 5-MW wind farm in Madhya Pradesh and a five-lakh ton beneficiation plant at Balaghat. Besides, it has tied up with SAIL to produce ferro-alloys at the steel giant's Bhilai plant at a capital outlay of Rs 225 crore. The joint venture company alongwith SAIL would be incorporated with a debt-equity ratio of 1:1, Mehrotra said. Besides, MOIL was also planning to set up a sintering plant at Balaghat at a cost of Rs 18 crore. The PSU has earmarked Rs three crore towards corporate social responsibility activities for the current fiscal, he added. (PTI) Economy surges on manufacturing to NEW DELHI, Jan 31: Recording another year of impressive performance, the economy grew by 9.6 per cent during 2006-07, leading to over 14 per cent increase in the per capital income, the government announced today. The improved growth in the GDP, up from 9.4 per cent in 2005-06, has been achieved due to all around improvement in mining, manufacturing and services sectors, which helped to offset the slower growth in agriculture sector, according to the quick estimates released by the Central Statistical Organisation (CSO). While agriculture sector grew by 3.8 per cent, down from 6.1 per cent, manufacturing sector recorded 12 per cent growth, which is substantially higher than 9 per cent growth recorded in the previous year. Likewise, mining and quarrying sector growth also improved from 4.9 per cent to 5.7 per cent, according to quick estimates for national income, consumption, expenditure, saving and capital formation. The impressive showing was also reflected in improvement in per capital income, which increased to Rs 29,642 from Rs 25,956 during 2005-06. The overall improvement in the performance could also be attributed to an impressive 35.9 per cent growth in capital formation that stood at Rs 14,87,786 crore during 2006-07. Such higher level of investment was made possible by a significant 34.3 per cent increase in domestic savings that were estimated at Rs 14,41,423 crore during 2006-07 at current prices. As per the revised figures of GDP released today, the economy grew by 9.6 per cent in 2006-07, against previous estimate of 9.4 per cent. The GDP growth figures for 2005-06 has also been revised upward from 9 per cent to 9.4 per cent. In the current financial year, the economy grew by 9.3 per cent in the first quarter and 8.9 per cent in the second quarter. For 2006-07,the construction sector growth has been revised upward to 12 per cent, against 10.7 per cent estimated earlier. At constant prices (1999-00), the share of agriculture, forestry and fishing in the GDP stood at 18.5 per cent in 2006-07, down from 19.6 per cent in the previous year. Meanwhile, the share of manufacturing sector in GDP rose to 15.4 per cent, up from 15.1 per cent during the same period. The share of financing, insurance and real estate in the GDP also increased to 14.3 per cent in 2006-07, compared to 13.8 per cent in the previous year. At current prices, share of food items in private final consumption expenditure stood at 36.4 per cent in 2006-07, marginally up from 36.3 per cent in 2005-06. Meanwhile, share of transport and communication went up to 17.5 per cent from 17.3 per cent during the same period, while share of gross rent, fuel and power consumption declined from 12.6 per cent in 2005-06 to 12 per cent in 2006-07. (PTI) |
Maruti Suzuki to hike prices of all the models NEW DELHI, Jan 31: Country’s largest car maker, Maruti Suzuki Ltd is likely to hike prices across all models by Rs 2,000- 12,000. "This comes in the backdrop of increaseing input costs which has been affecting its margin," revealed an official source. Maruti Suzuki had released five new models last year, amid increased competition from domestic and foreign carmakers. Maruti accounts for around 50 per cent of all passenger car sales in India, where robust demand is predicted to result in automobile sales tripling to three million units by 2015. (UNI) MUMBAI, Jan 31: State-run Indian Oil Corp today posted a 16.7 per cent growth in net profit at Rs 2,090.69 crore for the third quarter ended December 31, 2007 as compared to Rs 1,791.37 crore in the same period a year ago. Total income also increased by 15.9 per cent to Rs 65,404.84 crore for the quarter from Rs 56,438.16 crore during the corresponding period last year, the company said in a statement to the Bombay Stock Exchange.(PTI) |
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NEW DELHI, Jan 31: Prices of cardamom small varieties rose in the range of Rs 10-20 in the wholesale kirana market today due to poor arrival in the face of higher southern region advices. Cardamom small such as chitridar, colour robin, bold and extra bold closed Rs 500-590, Rs 640-660, Rs 665-685 and Rs 710-720 per kg respectively. Traders said poor arrival from southern regions and tight stocks position helped the prices go up. Following were today's quotations (in Rs per quintal): Ajwain 5,200-7,500 Black pepper common 15,000-15,100 Betelnut (kg) 105-115, cardamom brown Jhundiwali)16,400-16,500 and cardamom brown (Kanchicut) 18,000-21,000. Cardamom small (kg): Chitridar 500-590, cardamom (colour robin) 640-660, cardamom bold 665-685, cardamom extra (bold) 710-720 and cloves (kg) 290-305. Chirounji (new) (kg) 165-200 Dry mango 4,500-22,000 Dhania 4,300-7,000 Dry ginger 7,400-10,000 Kalaunji 7,500-8,000 Mace-Red (kg) 480-500 Mace-Yellow (kg) 460-465 Methiseed 3,500-4,000 Makhana (per kg) 175-220 Nutmeg 270-290 Poppyseed (KG Turkey) 395 Poppseed (KG MP-RAJ) 395-425 Poppyseed (KG U.P.) 350-365 Red chillies 2,700-7,000 Soya bari pariwar (20 kg) 350-400 Saffron (kg) Irani 105000-107000 Saffron (kg) Kashmiri 124000-132000 Soanf 4,400-11,000 Turmeric 3,200-4,500 Tamarind 8,00-1,200 Tamarind without seed 2,000-3,500 Tea (kg) 65-120 Watermelon kernel 8,300-8,400 Jeera common 10,300-10,700 Jeera dollar 10,600-10,700. (PTI) |
Kapas, cucud futures fall on steady global cotton market NEW DELHI, Jan 31: Futures prices of kapas (seed cotton) and cucud (raw cotton) today fell for the third consecutive day at NCDEX and MCX following sluggish demand in domestic market, analysts said. "The domestic demand has slid on account of steady global cotton market, which has kept exporters and traders away from buying here," Religare Commodities analyst Abhay Lakwa told PTI. Arrivals of kapas are strong, with a supply of about one lakh bales to the market daily. Despite good supply, stockists are apprehensive because of the higher prices, he said. Currently, buyers are waiting for further fall in prices so that they can go for fresh buying, he added. Karvy Comtrade analyst Chowda Reddy said that prices of both kapas and cucud may experience correction in the near-term. "Prices are likely to take further correction in near-term although long-term sentiments are strong," he said, adding that steady global cotton prices may affect the sentiments in domestic market. At NCDEX, March contract of kapas fell by 0.79 per cent at Rs 492 per 20 kg while cucud prices were down 1.28 per cent at Rs 408 per 50 kg at 1600 hours. April delivery of kapas at MCX fell by 0.65 per cent at Rs 475 per 20 kg and kapas khali slid 0.76 per cent at 406.90 per 50 kg. (PTI) |
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