ABN Amro MF files offer document - Interval Fund - Series 2

03 May 2008 | 12:03 ABN Amro MF files offer document

ame of Fund: ABN Amro Interval Fund - Series 2

Scheme: It is a debt-oriented fund

Face Value: Rs. 10 per unit.

Investment Option: The scheme offers three plans viz. half yearly plan, quarterly plan and monthly plan. The half yearly plan will have two sub plans i.e. Plan A and B. The quarterly plan will have two sub plans i.e. Plan M and N. The monthly plan will have Plan C. Each series will have two sub options i.e. growth and dividend.

Minimum Investment Amount: The minimum application amount for the scheme is Rs. 10000 and in multiple of Re 1 thereafter.

Targeted amount: Rs 1 crore under each plan.

Objective: The primary objective of the scheme, series and the plans launched hereunder would be to seek to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.

Entry Load: The fund will charge no entry load as the scheme is of close-ended nature.

Exit Load: The scheme carries an exit load of 1.00% for the investment is redeemed before the maturity.

Asset Allocation: The scheme will invest 0%-100% in debt instruments. It will have an investment of 0-100% in money market instruments. Debt instruments may include securitised debt up to 60% of the net assets and exposure in debt derivatives up to 100%. The scheme shall limit its exposure to investment in foreign debt securities up to a maximum of 50% of its net assets.

Benchmark Index: Crisil Liquid Fund Index

Fund Manager: Mr. Alok Singh and Mr. R. Sivakumar

Let us Contact you

Read More

Lotus India MF files offer document - Fixed Maturity Plan 3 Months Series 33- 35

03 May 2008 | 12:19 Lotus India MF files offer document
Name of Fund: Lotus India Fixed Maturity Plan 3 Months Series 33- 35

Scheme: It is a close-ended debt scheme.

Objective: The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

Plans: Lotus India FMP 3 months Series 33 - 35 has two plans regular plan and institutional plan

Investment Options: The investors will have a choice of two options viz. growth option and dividend re-investment facility.

Tenure of the schemes: 90 days from the date of allotment of the scheme (including the date of allotment).

Asset Allocation: The scheme will invest 0-85% in money market instruments including reverse repo. 0-50% in Government Securities issued by the Central Government and/or State Government. About 15-100% of the investment will be in debt instruments such as bonds and debentures. 0-50% in securitized debt.

Investment in fixed income Derivatives up to 50% of the net asset of the scheme. None of the schemes intend to invest in foreign securitised debt.

Face Value: Rs 10

Load structure

Entry load: Nil

Exit load: 1% if redeemed before maturity. Nil if redeemed on maturity.

Application Amount: The minimum application amount will be Rs.5,000 and in multiples of Re.1 thereafter.

Target Amount: Minimum target amount Rs. 1 crore.

Benchmark: Crisil Liquid Fund Index.

Fund Manager: Mr. Umesh Sharma.

Let us Contact you

Read More

Mutual Funds News - 03 May 2008

03 May 2008 | 09:06 UTI MF declares dividend for Dividend Yield fund

The UTI mutual fund has announced the declaration of dividend under dividend option of UTI Dividend Yield Fund. The record date for dividend will be 9 May 2008. The quantum of dividend is 7% i.e. Rs. 0.70 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 12.88 as on 30 April 2008.

UTI Dividend Yield Fund is open-ended equity fund with an aim to provide medium to long term capital gains and dividend distribution by investing predominantly equity and equity-related securities, which offer high dividend yield.

03 May 2008 | 09:17 Birla MF revises load structure

Birla Mutual Fund has revised the load structure of Birla Dynamic Bond Fund, an open-ended income scheme. With effect from 5 May 2008, the scheme charged an exit load of 2.00% of applicable NAV for units redeemed/switched out within 180 days from the date of allotment. Earlier the scheme will charge an exit load of 0.20% of applicable NAV for units redeemed/switched out within 30 days from the date of allotment.

However there is no change in entry load. As earlier the entry load in the scheme is nil.

The revised load structure will be applicable to all investments made on or after 5 May 2008.

Read More

Market News 03 May 2008

03 May 2008 | 16:43

NCJ International reports net loss of Rs 0.25 crore in the March 2008 quarter

NCJ International reported net loss of Rs 0.25 crore in the quarter ended March 2008 as against net profit of Rs 0.02 crore during the previous quarter ended March 2007. Sales declined 35.84% to Rs 1.11 crore in the quarter ended March 2008 as against Rs 1.73 crore during the previous quarter ended March 2007.

For the full year, net profit rose 114.29% to Rs 0.45 crore in the year ended March 2008 as against Rs 0.21 crore during the previous year ended March 2007. Sales rose 2.22% to Rs 3.23 crore in the year ended March 2008 as against Rs 3.16 crore during the previous year ended March 2007.

03 May 2008 | 16:45

Cat Technologies net profit rises 140.91% in the March 2008 quarter

Net profit of Cat Technologies rose 140.91% to Rs 1.59 crore in the quarter ended March 2008 as against Rs 0.66 crore during the previous quarter ended March 2007. Sales rose 1876.19% to Rs 29.05 crore in the quarter ended March 2008 as against Rs 1.47 crore during the previous quarter ended March 2007.

For the full year, net profit rose 818.06% to Rs 13.22 crore in the yearended March 2008 as against Rs 1.44 crore during the previous year ended March 2007. Sales rose 2605.75% to Rs 108.23 crore in the year ended March 2008 as against Rs 4.00 crore during the previous year ended March 2007.

03 May 2008 | 16:47

Beckons Industries reports net loss of Rs 0.10 crore in the March 2008 quarter

Beckons Industries reported net loss of Rs 0.10 crore in the quarter ended March 2008 as against net profit of Rs 0.02 crore during the previous quarter ended March 2007. Sales declined 47.73% to Rs 0.92 crore in the quarter ended March 2008 as against Rs 1.76 crore during the previous quarter ended March 2007.

For the full year, net profit declined 50.00% to Rs 0.03 crore in the yearended March 2008 as against Rs 0.06 crore during the previous year ended March 2007. Sales declined 25.04% to Rs 4.67 crore in the year ended March 2008 as against Rs 6.23 crore during the previous year ended March 2007.

03 May 2008 | 16:47

Best Eastern Hotels net profit rises 166.67% in the March 2008 quarter

Net profit of Best Eastern Hotels rose 166.67% to Rs 0.16 crore in the quarter ended March 2008 as against Rs 0.06 crore during the previous quarter ended March 2007. Sales declined 6.45% to Rs 0.87 crore in the quarter ended March 2008 as against Rs 0.93 crore during the previous quarter ended March 2007.

For the full year, net profit rose 2.90% to Rs 0.71 crore in the year ended March 2008 as against Rs 0.69 crore during the previous year ended March 2007. Sales rose 17.16% to Rs 3.96 crore in the year ended March 2008 as against Rs 3.38 crore during the previous year ended March 2007.

03 May 2008 | 16:52

Vedant Hotels net profit declines 32.65% in the March 2008 quarter

Net profit of Vedant Hotels declined 32.65% to Rs 0.66 crore in the quarter ended March 2008 as against Rs 0.98 crore during the previous quarter ended March 2007. Sales reported to Rs 0.05 crore in the quarter ended March 2008. There were no sales reported during the previous quarter ended March 2007.

For the full year, net profit rose 95.89% to Rs 2.86 crore in the year ended March 2008 as against Rs 1.46 crore during the previous year ended March 2007. Sales rose 700.00% to Rs 0.08 crore in the year ended March 2008 as against Rs 0.01 crore during the previous year ended March 2007.

03 May 2008 | 16:53

Himachal Fibres net profit declines 99.21% in the March 2008 quarter

Net profit of Himachal Fibres declined 99.21% to Rs 0.22 crore in the quarter ended March 2008 as against Rs 27.99 crore during the previous quarter ended March 2007. Sales rose 267.81% to Rs 10.74 crore in the quarter ended March 2008 as against Rs 2.92 crore during the previous quarter ended March 2007.

For the full year, net profit declined 96.18% to Rs 1.04 crore in the yearended March 2008 as against Rs 27.21 crore during the previous year ended March 2007. Sales rose 1065.82% to Rs 36.84 crore in the year ended March 2008 as against Rs 3.16 crore during the previous year ended March 2007.

03 May 2008 | 16:56

IKF Technologies to allot warrants

The board of IKF Technologies has made the allotment of 3,00,00,000 warrants convertible to equal number of equity shares of Rs 1 each at a premium of Rs 11 to the entities within the non promoters group.

This was decided at the board meeting held on 30 April 2008.

03 May 2008 | 16:56

Karma Ispat reports net profit of Rs 0.47 crore in the March 2008 quarter

Karma Ispat reported net profit of Rs 0.47 crore in the quarter ended March 2008 as against net loss of Rs 0.02 crore during the previous quarter ended March 2007. Sales reported to Rs 64.92 crore in the quarter ended March 2008. There were no sales reported during the previous quarter ended March 2007.

03 May 2008 | 16:58

Serveall Enterprise Solutions net profit rises 500.00% in the March 2008 quarter

Net profit of Serveall Enterprise Solutions rose 500.00% to Rs 0.06 crore in the quarter ended March 2008 as against Rs 0.01 crore during the previous quarter

Read More

Market News 03 May 2008

03 May 2008 | 17:00

Aplab net profit rises 22.45% in the March 2008 quarter

Net profit of Aplab rose 22.45% to Rs 0.60 crore in the quarter ended March 2008 as against Rs 0.49 crore during the previous quarter ended March 2007. Sales rose 5.80% to Rs 29.72 crore in the quarter ended March 2008 as against Rs 28.09 crore during the previous quarter ended March 2007.

For the full year, net profit rose 16.82% to Rs 3.75 crore in the year ended March 2008 as against Rs 3.21 crore during the previous year ended March 2007. Sales rose 13.21% to Rs 115.47 crore in the year ended March 2008 as against Rs 102.00 crore during the previous year ended March 2007.

03 May 2008 | 17:02

Rexnord Electronics & Controls net profit rises 1300.00% in the March 2008 quarter

Net profit of Rexnord Electronics & Controls rose 1300.00% to Rs 0.14 crore in the quarter ended March 2008 as against Rs 0.01 crore during the previous quarter ended March 2007. Sales rose 38.42% to Rs 4.90 crore in the quarter ended March 2008 as against Rs 3.54 crore during the previous quarter ended March 2007.

For the full year, net profit rose 91.67% to Rs 0.46 crore in the year ended March 2008 as against Rs 0.24 crore during the previous year ended March 2007. Sales rose 38.93% to Rs 16.13 crore in the year ended March 2008 as against Rs 11.61 crore during the previous year ended March 2007.

03 May 2008 | 17:03

Scenario Media reports net loss of Rs 0.41 crore in the March 2008 quarter

Scenario Media reported net loss of Rs 0.41 crore in the quarter ended March 2008 as against net profit of Rs 0.15 crore during the previous quarter ended March 2007. Sales declined 65.52% to Rs 0.40 crore in the quarter ended March 2008 as against Rs 1.16 crore during the previous quarter ended March 2007.

03 May 2008 | 17:06

Suashish Diamonds net profit rises 34.69% in the March 2008 quarter

Net profit of Suashish Diamonds rose 34.69% to Rs 5.28 crore in the quarter ended March 2008 as against Rs 3.92 crore during the previous quarter ended March 2007. Sales rose 8.02% to Rs 248.86 crore in the quarter ended March 2008 as against Rs 230.39 crore during the previous quarter ended March 2007.

For the full year, net profit reported to Rs 82.05 crore in the year ended March 2008. Sales reported to Rs 1223.25 crore in the year ended March 2008. The company has changed its year-end from December to March this year. Hence the value of full year is for a period of 15 months.

03 May 2008 | 17:37

Sparsh BPO Services reports net loss of Rs 2.64 crore in the March 2008 quarter

Sparsh BPO Services reported net loss of Rs 2.64 crore in the quarter ended March 2008 as against net profit of Rs 2.77 crore during the previous quarter ended March 2007. Sales rose 83.56% to Rs 48.46 crore in the quarter ended March 2008 as against Rs 26.40 crore during the previous quarter ended March 2007.

For the full year, net profit declined 66.67% to Rs 0.29 crore in the yearended March 2008 as against Rs 0.87 crore during the previous year ended March 2007. Sales rose 84.15% to Rs 161.02 crore in the year ended March 2008 as against Rs 87.44 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 16:33

Aarti Drugs to announce financial results

The board meeting of Aarti Drugs will be held on 13 May 2008 to consider and take on record the audited financial results for the quarter and the year ended 31 March 2008. To consider recommendation of final dividend, if any.

03 May 2008 | 16:34

Sarthak Global net profit declines 66.67% in the March 2008 quarter

Net profit of Sarthak Global declined 66.67% to Rs 0.01 crore in the quarter ended March 2008 as against Rs 0.03 crore during the previous quarter ended March 2007. Sales rose 50.00% to Rs 0.03 crore in the quarter ended March 2008 as against Rs 0.02 crore during the previous quarter ended March 2007.

03 May 2008 | 16:35

Panchsheel Organics net profit rises 7.14% in the March 2008 quarter

Net profit of Panchsheel Organics rose 7.14% to Rs 0.30 crore in the quarter ended March 2008 as against Rs 0.28 crore during the previous quarter ended March 2007. Sales declined 3.82% to Rs 4.53 crore in the quarter ended March 2008 as against Rs 4.71 crore during the previous quarter ended March 2007.

For the full year, net profit rose 129.03% to Rs 1.42 crore in the year ended March 2008 as against Rs 0.62 crore during the previous year ended March 2007. Sales declined 1.97% to Rs 18.92 crore in the year ended March 2008 as against Rs 19.30 crore during the previous year ended March 2007.

03 May 2008 | 16:38

Sarthak Industries net profit rises 56.67% in the March 2008 quarter

Net profit of Sarthak Industries rose 56.67% to Rs 0.47 crore in the quarter ended March 2008 as against Rs 0.30 crore during the previous quarter ended March 2007. Sales rose 77.46% to Rs 43.30 crore in the quarter ended March 2008 as against Rs 24.40 crore during the previous quarter ended March 2007.

For the full year, net profit rose 24.64% to Rs 0.86 crore in the year ended March 2008 as against Rs 0.69 crore during the previous year ended March 2007. Sales rose 75.22% to Rs 51.69 crore in the year ended March 2008 as against Rs 29.50 crore during the previous year ended March 2007.

03 May 2008 | 16:39

Vogue Textiles reports net loss of Rs 0.05 crore in the March 2008 quarter

Vogue Textiles reported net loss of Rs 0.05 crore in the quarter ended March 2008 as against net loss of Rs 0.36 crore during the previous quarter ended March 2007. Sales rose 33.33% to Rs 1.32 crore in the quarter ended March 2008 as against Rs 0.99 crore during the previous quarter ended March 2007.

For the full year, net profit declined 88.00% to Rs 0.03 crore in the yearended March 2008 as against Rs 0.25 crore during the previous year ended March 2007. Sales declined 23.23% to Rs 5.85 crore in the year ended March 2008 as against Rs 7.62 crore during the previous year ended March 2007.

03 May 2008 | 16:41

HT Media to announce financial results

The board meeting of HT Media will be held on 16 May 2008 to consider, approve and take on record the audited financial results of the company for the financial year ended on 31 March 2008. To consider recommendation of dividend for the FY 2007-08.

03 May 2008 | 16:42

Inter State Oil Carriers net profit rises 33.33% in the March 2008 quarter

Net profit of Inter State Oil Carriers rose 33.33% to Rs 0.48 crore in the quarter ended March 2008 as against Rs 0.36 crore during the previous quarter ended March 2007. Sales rose 74.89% to Rs 4.04 crore in the quarter ended March 2008 as against Rs 2.31 crore during the previous quarter ended March 2007.

For the full year, net profit rose 218.03% to Rs 1.94 crore in the year ended March 2008 as against Rs 0.61 crore during the previous year ended March 2007. Sales rose 31.68% to Rs 11.14 crore in the year ended March 2008 as against Rs 8.46 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 16:24

Goldstone Technologies net profit rises 167.66% in the March 2008 quarter

Net profit of Goldstone Technologies rose 167.66% to Rs 5.38 crore in the quarter ended March 2008 as against Rs 2.01 crore during the previous quarter ended March 2007. Sales rose 233.97% to Rs 29.59 crore in the quarter ended March 2008 as against Rs 8.86 crore during the previous quarter ended March 2007.

For the full year, net profit rose 58.54% to Rs 12.35 crore in the year ended March 2008 as against Rs 7.79 crore during the previous year ended March 2007. Sales rose 46.58% to Rs 60.14 crore in the year ended March 2008 as against Rs 41.03 crore during the previous year ended March 2007.

03 May 2008 | 16:26

Keerthi Industries net profit rises 19.14% in the March 2008 quarter

Net profit of Keerthi Industries rose 19.14% to Rs 4.17 crore in the quarter ended March 2008 as against Rs 3.50 crore during the previous quarter ended March 2007. Sales declined 27.04% to Rs 15.95 crore in the quarter ended March 2008 as against Rs 21.86 crore during the previous quarter ended March 2007.

For the full year, net profit rose 39.50% to Rs 19.00 crore in the year ended March 2008 as against Rs 13.62 crore during the previous year ended March 2007. Sales rose 27.35% to Rs 75.72 crore in the year ended March 2008 as against Rs 59.46 crore during the previous year ended March 2007.

03 May 2008 | 16:27

Kaira Can Company net profit declines 20.00% in the March 2008 quarter

Net profit of Kaira Can Company declined 20.00% to Rs 0.24 crore in the quarter ended March 2008 as against Rs 0.30 crore during the previous quarter ended March 2007. Sales declined 58.82% to Rs 18.20 crore in the quarter ended March 2008 as against Rs 44.20 crore during the previous quarter ended March 2007.

For the full year, net profit declined 9.52% to Rs 0.76 crore in the yearended March 2008 as against Rs 0.84 crore during the previous year ended March 2007. Sales declined 5.61% to Rs 164.85 crore in the year ended March 2008 as against Rs 174.64 crore during the previous year ended March 2007.

03 May 2008 | 16:29

Indiabulls Real Estate to announce financial results

The board meeting of Indiabulls Real Estate will be held on 12 May 2008 to consider the audited financial results of the company for the financial year ended 31 March 2008 and to consider recommendation of a dividend, if any, for the said financial year.

03 May 2008 | 16:30

Riga Sugar Company reports net profit of Rs 2.30 crore in the March 2008 quarter

Riga Sugar Company reported net profit of Rs 2.30 crore in the quarter ended March 2008 as against net loss of Rs 3.16 crore during the previous quarter ended March 2007. Sales declined 8.80% to Rs 21.25 crore in the quarter ended March 2008 as against Rs 23.30 crore during the previous quarter ended March 2007.

03 May 2008 | 16:32

Akar Tools net profit rises 211.11% in the March 2008 quarter

Net profit of Akar Tools rose 211.11% to Rs 0.56 crore in the quarter ended March 2008 as against Rs 0.18 crore during the previous quarter ended March 2007. Sales rose 14.10% to Rs 21.52 crore in the quarter ended March 2008 as against Rs 18.86 crore during the previous quarter ended March 2007.

For the full year, net profit rose 107.27% to Rs 2.28 crore in the year ended March 2008 as against Rs 1.10 crore during the previous year ended March 2007. Sales rose 26.79% to Rs 78.52 crore in the year ended March 2008 as against Rs 61.93 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 16:09

Muthoot Capital Services to consider dividend

The board meeting of Muthoot Capital Services will be held on 12 May 2008 to consider and approve accounts for the year ended 31 March 2008 and recommendation of dividend.

03 May 2008 | 16:10

Nahar Capital & Financial Services net profit declines 98.96% in the March 2008 quarter

Net profit of Nahar Capital & Financial Services declined 98.96% to Rs 0.02 crore in the quarter ended March 2008 as against Rs 1.92 crore during the previous quarter ended March 2007. Sales declined 63.22% to Rs 0.89 crore in the quarter ended March 2008 as against Rs 2.42 crore during the previous quarter ended March 2007.

03 May 2008 | 16:12

Cenlub Industries net profit declines 51.72% in the March 2008 quarter

Net profit of Cenlub Industries declined 51.72% to Rs 0.14 crore in the quarter ended March 2008 as against Rs 0.29 crore during the previous quarter ended March 2007. Sales rose 11.58% to Rs 3.95 crore in the quarter ended March 2008 as against Rs 3.54 crore during the previous quarter ended March 2007.

For the full year, net profit rose 13.33% to Rs 1.02 crore in the year ended March 2008 as against Rs 0.90 crore during the previous year ended March 2007. Sales rose 24.38% to Rs 14.49 crore in the year ended March 2008 as against Rs 11.65 crore during the previous year ended March 2007.

03 May 2008 | 16:15

G R Cables reports net loss of Rs 0.78 crore in the March 2008 quarter

G R Cables reported net loss of Rs 0.78 crore in the quarter ended March 2008 as against net loss of Rs 0.11 crore during the previous quarter ended March 2007. Sales declined 86.02% to Rs 0.52 crore in the quarter ended March 2008 as against Rs 3.72 crore during the previous quarter ended March 2007.

03 May 2008 | 16:16

Hon'ble High Court approves scheme of arrangement of Allcargo Global Logistics

Hon'ble Bombay High Court on 02 May 2008 has approved the scheme of arrangement between Allcargo Global Logistics, Transindia Freight Services and their respective shareholders and creditors, comprising of de-merger of the project and equipment division of Transindia Freight Services in favour of the company.

Upon the scheme becoming effective and as envisaged therein, the company will issue and allot its equity shares to the shareholders of Transindia Freight Services in the ratio of 518 equity shares of Rs 10 each of the company for every 100 equity shares of Rs 10 each held in Transindia Freight Services.

03 May 2008 | 16:17

Associated Alcohols & Breweries net profit declines 29.12% in the March 2008 quarter

Net profit of Associated Alcohols & Breweries declined 29.12% to Rs 1.85 crore in the quarter ended March 2008 as against Rs 2.61 crore during the previous quarter ended March 2007. Sales declined 1.79% to Rs 32.91 crore in the quarter ended March 2008 as against Rs 33.51 crore during the previous quarter ended March 2007.

For the full year, net profit rose 141.20% to Rs 5.62 crore in the year ended March 2008 as against Rs 2.33 crore during the previous year ended March 2007. Sales rose 49.04% to Rs 119.53 crore in the year ended March 2008 as against Rs 80.20 crore during the previous year ended March 2007.

03 May 2008 | 16:19

Sterling Holiday Financial Services reports net loss of Rs 0.05 crore in the March 2008 quarter

Sterling Holiday Financial Services reported net loss of Rs 0.05 crore in the quarter ended March 2008 as against net loss of Rs 0.01 crore during the previous quarter ended March 2007. Sales declined 30.77% to Rs 0.09 crore in the quarter ended March 2008 as against Rs 0.13 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 0.08 crore in the year ended March 2008 as against net profit of Rs 0.80 crore during the previous year ended March 2007. Sales declined 15.38% to Rs 0.33 crore in the year ended March 2008 as against Rs 0.39 crore during the previous year ended March 2007.

03 May 2008 | 16:21

Empire Unifor Software Solutions to convene EGM

The board of Empire Unifor Software Solutions has decided to commence new business by passing special resolution at the extra-ordinary general meeting of the members of the company which will be held on 10 June 2008.

This was decided at the board meeting held on 02 May 2008.

03 May 2008 | 16:22

Shalimar Wires Industries reports net loss of Rs 3.69 crore in the March 2008 quarter

Shalimar Wires Industries reported net loss of Rs 3.69 crore in the quarter ended March 2008 as against net loss of Rs 0.75 crore during the previous quarter ended March 2007. Sales declined 4.51% to Rs 16.50 crore in the quarter ended March 2008 as against Rs 17.28 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 29.94 crore in the year endedMarch 2008 as against net loss of Rs 25.55 crore during the previous year ended March 2007. Sales rose 1.20% to Rs 68.20 crore in the year ended March 2008 as against Rs 67.39 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 16:05

Alufluoride reports net profit of Rs 0.17 crore in the March 2008 quarter

Alufluoride reported net profit of Rs 0.17 crore in the quarter ended March 2008 as against net loss of Rs 0.36 crore during the previous quarter ended March 2007. Sales declined 56.64% to Rs 2.35 crore in the quarter ended March 2008 as against Rs 5.42 crore during the previous quarter ended March 2007.

For the full year, net profit rose 13.88% to Rs 2.38 crore in the year ended March 2008 as against Rs 2.09 crore during the previous year ended March 2007. Sales declined 6.36% to Rs 19.42 crore in the year ended March 2008 as against Rs 20.74 crore during the previous year ended March 2007.

03 May 2008 | 16:06

Uniproducts (India) net profit declines 2.92% in the March 2008 quarter

Net profit of Uniproducts (India) declined 2.92% to Rs 1.33 crore in the quarter ended March 2008 as against Rs 1.37 crore during the previous quarter ended March 2007. Sales rose 15.44% to Rs 33.13 crore in the quarter ended March 2008 as against Rs 28.70 crore during the previous quarter ended March 2007.

For the full year, net profit declined 5.00% to Rs 3.23 crore in the yearended March 2008 as against Rs 3.40 crore during the previous year ended March 2007. Sales rose 11.15% to Rs 119.41 crore in the year ended March 2008 as against Rs 107.43 crore during the previous year ended March 2007.

03 May 2008 | 16:06

Blue Blends India appoints nominee director

The board of Blue Blends India has appointed Jeevan Kumar (IFCI nominee) as nominee director of the company in place of Y V Ramesh Naidu (IFCI nominee).

This was decided at the board meeting held on 30 April 2008.

03 May 2008 | 16:09

Bodal Chemicals net profit declines 4.09% in the March 2008 quarter

Net profit of Bodal Chemicals declined 4.09% to Rs 5.40 crore in the quarter ended March 2008 as against Rs 5.63 crore during the previous quarter ended March 2007. Sales rose 54.26% to Rs 113.26 crore in the quarter ended March 2008 as against Rs 73.42 crore during the previous quarter ended March 2007.

For the full year, net profit rose 59.09% to Rs 17.77 crore in the year ended March 2008 as against Rs 11.17 crore during the previous year ended March 2007. Sales rose 63.39% to Rs 415.29 crore in the year ended March 2008 as against Rs 254.17 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 15:53

Fortis Financial Services reports net loss of Rs 0.86 crore in the March 2008 quarter

Fortis Financial Services reported net loss of Rs 0.86 crore in the quarter ended March 2008 as against net loss of Rs 1.46 crore during the previous quarter ended March 2007. Sales declined 20.79% to Rs 2.40 crore in the quarter ended March 2008 as against Rs 3.03 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 5.18 crore in the year ended March 2008 as against net loss of Rs 3.82 crore during the previous year ended March 2007. Sales rose 91.93% to Rs 7.37 crore in the year ended March 2008 as against Rs 3.84 crore during the previous year ended March 2007.

03 May 2008 | 15:56

Escorts Finance reports net loss of Rs 1.20 crore in the March 2008 quarter

Escorts Finance reported net loss of Rs 1.20 crore in the quarter ended March 2008 as against net loss of Rs 8.27 crore during the previous quarter ended March 2007. Sales rose 314.29% to Rs 0.29 crore in the quarter ended March 2008 as against Rs 0.07 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 8.21 crore in the year ended March 2008 as against net loss of Rs 11.05 crore during the previous year ended March 2007. Sales declined 35.96% to Rs 1.46 crore in the year ended March 2008 as against Rs 2.28 crore during the previous year ended March 2007.

03 May 2008 | 15:58

Tashi India reports net profit of Rs 0.08 crore in the March 2008 quarter

Tashi India reported net profit of Rs 0.08 crore in the quarter ended March 2008. There were no net profit/loss reported during the previous quarter ended March 2007. Sales declined 87.50% to Rs 0.63 crore in the quarter ended March 2008 as against Rs 5.04 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 0.01 crore in the year ended March 2008 as against net loss of Rs 0.05 crore during the previous year ended March 2007. Sales declined 66.65% to Rs 5.92 crore in the year ended March 2008 as against Rs 17.75 crore during the previous year ended March 2007.

03 May 2008 | 16:01

Sonal Adhesives net profit rises 150.00% in the March 2008 quarter

Net profit of Sonal Adhesives rose 150.00% to Rs 0.25 crore in the quarter ended March 2008 as against Rs 0.10 crore during the previous quarter ended March 2007. Sales rose 3.51% to Rs 6.49 crore in the quarter ended March 2008 as against Rs 6.27 crore during the previous quarter ended March 2007.

For the full year, net profit rose 54.05% to Rs 0.57 crore in the year ended March 2008 as against Rs 0.37 crore during the previous year ended March 2007. Sales rose 2.36% to Rs 23.88 crore in the year ended March 2008 as against Rs 23.33 crore during the previous year ended March 2007.

03 May 2008 | 16:01

Elango Industries reports net loss of Rs 0.03 crore in the March 2008 quarter

Elango Industries reported net loss of Rs 0.03 crore in the quarter ended March 2008 as against net profit of Rs 0.28 crore during the previous quarter ended March 2007. There were no sales reported in the quarter ended March 2008 and during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 0.08 crore in the year ended March 2008 as against net profit of Rs 0.22 crore during the previous year ended March 2007. There were no sales reported in the year ended March 2008 and during the previous year ended March 2007.

03 May 2008 | 16:03

Krishna Filaments reports net loss of Rs 6.50 crore in the March 2008 quarter

Krishna Filaments reported net loss of Rs 6.50 crore in the quarter ended March 2008 as against net loss of Rs 8.45 crore during the previous quarter ended March 2007. There were no sales reported in the quarter ended March 2008 as against Rs 0.01 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 22.71 crore in the year endedMarch 2008 as against net loss of Rs 32.73 crore during the previous year ended March 2007. There were no sales reported in the year ended March 2008 as against Rs 0.02 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 15:42

SIP Industries reports net loss of Rs 0.04 crore in the March 2008 quarter

SIP Industries reported net loss of Rs 0.04 crore in the quarter ended March 2008 as against net profit of Rs 0.03 crore during the previous quarter ended March 2007. Sales declined 36.84% to Rs 0.24 crore in the quarter ended March 2008 as against Rs 0.38 crore during the previous quarter ended March 2007.

03 May 2008 | 15:47

Bajaj Global net profit declines 20.00% in the March 2008 quarter

Net profit of Bajaj Global declined 20.00% to Rs 0.04 crore in the quarter ended March 2008 as against Rs 0.05 crore during the previous quarter ended March 2007. There were no sales reported in the quarter ended March 2008 as against Rs 1.06 crore during the previous quarter ended March 2007.

For the full year, net profit declined 20.83% to Rs 0.19 crore in the yearended March 2008 as against Rs 0.24 crore during the previous year ended March 2007. Sales declined 99.47% to Rs 0.04 crore in the year ended March 2008 as against Rs 7.49 crore during the previous year ended March 2007.

03 May 2008 | 15:49

Rama Paper Mills net profit rises 315.00% in the March 2008 quarter

Net profit of Rama Paper Mills rose 315.00% to Rs 0.83 crore in the quarter ended March 2008 as against Rs 0.20 crore during the previous quarter ended March 2007. Sales rose 43.70% to Rs 26.93 crore in the quarter ended March 2008 as against Rs 18.74 crore during the previous quarter ended March 2007.

For the full year, net profit rose 87.04% to Rs 7.07 crore in the year ended March 2008 as against Rs 3.78 crore during the previous year ended March 2007. Sales rose 0.72% to Rs 84.50 crore in the year ended March 2008 as against Rs 83.90 crore during the previous year ended March 2007.

03 May 2008 | 15:50

Delhi International Airport completes its second year of operations

GMR Infrastructure has announced that Delhi International Airport DIAL, a subsidiary of the company mandated to modernize and restructure the Indira Gandhi International Airport will complete its second year of operations at midnight. DIAL took charge of the IGI Airport on 03 May 2006 and has since taken out several important initiatives as part of the project to improve IGI Airport.

To acknowledge the support od passengers and employees, DIAL is organising various activities for its anniversary celebration. There will be contests for both domestic and international passengers who travel on 03 May 2008.

The company made this announcement during the trading hours today, 03 April 2008.

03 May 2008 | 15:52

Gravity (India) net profit declines 62.50% in the March 2008 quarter

Net profit of Gravity (India) declined 62.50% to Rs 0.03 crore in the quarter ended March 2008 as against Rs 0.08 crore during the previous quarter ended March 2007. Sales declined 16.52% to Rs 10.56 crore in the quarter ended March 2008 as against Rs 12.65 crore during the previous quarter ended March 2007.

For the full year, net profit rose 95.24% to Rs 0.82 crore in the year ended March 2008 as against Rs 0.42 crore during the previous year ended March 2007. Sales rose 10.06% to Rs 36.75 crore in the year ended March 2008 as against Rs 33.39 crore during the previous year ended March 2007.

Read More

Market News 03 May 2008

03 May 2008 | 15:35

IKAB Securities & Investment reports net loss of Rs 1.35 crore in the March 2008 quarter

IKAB Securities & Investment reported net loss of Rs 1.35 crore in the quarter ended March 2008 as against net profit of Rs 0.14 crore during the previous quarter ended March 2007. Sales rose 240.14% to Rs 84.49 crore in the quarter ended March 2008 as against Rs 24.84 crore during the previous quarter ended March 2007.

For the full year, net profit rose 922.50% to Rs 4.09 crore in the year ended March 2008 as against Rs 0.40 crore during the previous year ended March 2007. Sales rose 429.61% to Rs 319.99 crore in the year ended March 2008 as against Rs 60.42 crore during the previous year ended March 2007.

03 May 2008 | 15:37

Lanco Industries recommends dividend

The board of Lanco Industries has recommended dividend at the rate of Re 1 per share (10%) for the year ended 31 March 2008.

This was recommended at the board meetig held on 28 April 2008.

03 May 2008 | 15:39

Bhilwara Spinners reports net profit of Rs 0.43 crore in the March 2008 quarter

Bhilwara Spinners reported net profit of Rs 0.43 crore in the quarter ended March 2008 as against net loss of Rs 0.41 crore during the previous quarter ended March 2007. Sales declined 8.36% to Rs 19.96 crore in the quarter ended March 2008 as against Rs 21.78 crore during the previous quarter ended March 2007.

For the full year, net profit reported to Rs 0.99 crore in the year endedMarch 2008 as against net loss of Rs 0.11 crore during the previous year ended March 2007. Sales declined 8.43% to Rs 84.10 crore in the year ended March 2008 as against Rs 91.84 crore during the previous year ended March 2007.

03 May 2008 | 15:40

Ras Propack Lamipack reports net loss of Rs 3.16 crore in the March 2008 quarter

Ras Propack Lamipack reported net loss of Rs 3.16 crore in the quarter ended March 2008 as against net loss of Rs 2.26 crore during the previous quarter ended March 2007. Sales rose 29.67% to Rs 1.18 crore in the quarter ended March 2008 as against Rs 0.91 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 12.80 crore in the year endedMarch 2008 as against net loss of Rs 11.63 crore during the previous year ended March 2007. Sales declined 41.68% to Rs 3.89 crore in the year ended March 2008 as against Rs 6.67 crore during the previous year ended March 2007.

03 May 2008 | 15:41

Nile declares interim dividend

The board of Nile has declared interim dividend at the rate of 10% for the current financial year 2007-08.

This was declared at the board meeting held on 30 April 2008.

Read More

Corporate News 03 May 2008

03 May 2008 | 15:30

Asahi Infrastructure & Projects reports net profit of Rs 0.17 crore in the March 2008 quarter

Asahi Infrastructure & Projects reported net profit of Rs 0.17 crore in the quarter ended March 2008 as against net loss of Rs 0.17 crore during the previous quarter ended March 2007. Sales rose 289.27% to Rs 15.96 crore in the quarter ended March 2008 as against Rs 4.10 crore during the previous quarter ended March 2007.

For the full year, net profit rose 184.62% to Rs 0.37 crore in the year ended March 2008 as against Rs 0.13 crore during the previous year ended March 2007. Sales rose 176.60% to Rs 56.26 crore in the year ended March 2008 as against Rs 20.34 crore during the previous year ended March 2007.

03 May 2008 | 15:30

Universal Arts reports net loss of Rs 0.04 crore in the March 2008 quarter

Universal Arts reported net loss of Rs 0.04 crore in the quarter ended March 2008 as against net profit of Rs 0.06 crore during the previous quarter ended March 2007. Sales declined 45.16% to Rs 0.17 crore in the quarter ended March 2008 as against Rs 0.31 crore during the previous quarter ended March 2007.

03 May 2008 | 15:33

Indusvista Ventures net profit declines 52.00% in the March 2008 quarter

Net profit of Indusvista Ventures declined 52.00% to Rs 0.12 crore in the quarter ended March 2008 as against Rs 0.25 crore during the previous quarter ended March 2007. Sales declined 17.24% to Rs 0.24 crore in the quarter ended March 2008 as against Rs 0.29 crore during the previous quarter ended March 2007.

For the full year, net profit rose 102.17% to Rs 0.93 crore in the year ended March 2008 as against Rs 0.46 crore during the previous year ended March 2007. Sales rose 135.71% to Rs 1.32 crore in the year ended March 2008 as against Rs 0.56 crore during the previous year ended March 2007.

03 May 2008 | 15:34

Transchem net profit declines 34.15% in the March 2008 quarter

Net profit of Transchem declined 34.15% to Rs 0.27 crore in the quarter ended March 2008 as against Rs 0.41 crore during the previous quarter ended March 2007. There were no sales reported in the quarter ended March 2008 as against Rs 18.92 crore during the previous quarter ended March 2007.

For the full year, net profit rose 209.40% to Rs 4.61 crore in the year ended March 2008 as against Rs 1.49 crore during the previous year ended March 2007. Sales declined 64.18% to Rs 26.15 crore in the year ended March 2008 as against Rs 73.01 crore during the previous year ended March 2007.

Read More