Mutual Funds News - 06 May 2008

06 May 2008 | 10:59 HDFC MF declares dividend for Interval fund

HDFC Mutual Fund has approved the declaration of dividend under the HDFC Quarterly Interval Fund - Plan C -retail and wholesale plan. The record date for dividend is set as 9 May 2008. The AMC plans to distribute 100% of distributable surplus as on record date. The NAV for the schemes stood at Rs. 10.2234 on 2 May 2008

HDFC Quarterly Interval - Plan C is an open-ended interval income scheme with an objective to generate regular income through investments in debt / money market instruments and government securities.

06 May 2008 | 11:05 Birla Sun Life MF declares dividend

Birla Sun Life Mutual Fund (MF) announced to declare dividend, under the dividend option of Birla Sun Life Quarterly Interval Fund- Series 8.

The fund house fixed 8 May 2008 as the record date for the declaration of dividend. It will declare the entire distributable surplus available on the record date, as dividend.

Pursuant to payment of dividend, the NAV will fall to the extent of dividend payout and statutory levy, if applicable. The NAV of the dividend option of Birla Sun Life Quarterly Interval Fund- Series 8 stood at Rs 10.0935, as on 30 April 2008.

All unit holders registered on or before the record date will be eligible to receive the dividend.

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Mutual Funds News - 05 May 2008

05 May 2008 | 10:41 Birla MF declares dividend

Birla Mutual Fund has declared dividend under Birla Fixed Term Plan-Series P. The fund house has announced 9 May 2008 as the record date for distribution of dividend under of the scheme.

The scheme will distribute 100% distributable surplus as dividend on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 11.1977 per unit as on 30 April 2008.

All unit holders whose name appears in the register of unit holders of the schemes at the close of business hours on the record date shall be eligible to receive the dividend so declared. After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

05 May 2008 | 17:13 Mutual funds in selling mode

Mutual funds (MFs) sold shares worth a net Rs 76.20 crore on Friday 2 May 2008.

MFs net outflow of Rs 76.20 crore on Friday 2 May 2008 was a result of gross purchases of Rs 866.70 crore and gross sales Rs 942.90 crore. Sensex rose 312.81 points or 1.81% at 17,600.12 on that day.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Mutual Funds News - 02 May 2008

02 May 2008 | 11:29 Reliance MF declares dividend

Reliance mutual fund has declared the dividend under the dividend option of the following schemes:

Name of the Scheme	Amount of Dividend (Rs.)	NAV per unit as on 29 April 2008
Reliance Fixed Horizon Fund II - Annual Plan- Series IV- Retail Plan	100% of the distributable surplus as on the Record Date	11.1283
Reliance Interval Fund - Quarterly - Series II - Retail Plan		10.0874
Reliance Interval Fund - Quarterly - Series II - Institutional Plan		10.0853

02 May 2008 | 11:33 ICICI MF declares dividend under interval plans

ICICI Mutual Fund has announced 7 May 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Interval Fund II Quarterly Interval Plan B and ICICI Prudential Interval Fund Half Yearly Interval Plan II.

The fund house has decided to distribute 100% of surplus available as on record date for both the schemes. The NAV for ICICI Prudential Interval Fund II Quarterly Interval Plan B was Rs. 10.0901 while for Interval Fund Half Yearly Interval Plan II was Rs 10.3894. Both the NAV are as on 29 April 2008.

Both the schemes are debt oriented interval schemes with an objective to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities

02 May 2008 | 11:47 Franklin Templeton MF declares dividend

Franklin Templeton Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Templeton Quarterly Interval Plan- Plan A. The record date is set as 7 May 2008. The fund house has decided to distribute 100% of surplus available under option as on record date.

Templeton Quarterly Interval Plan- Plan A is an interval income fund that seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities.

02 May 2008 | 16:40 Sundaram BNP Paribas MF raises Rs 50 crore

Sundaram BNP Paribas Mutual Fund has garnered around Rs 50 crore through Sundaram BNP Raribas Fixed Term Plan-16 month. The 16-month plans initial offer was open on 28 and 29 April 2008. the retail plan offers an 8.75% indicative yield, while institutional plan offers 9.55%.

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Market News 02 May 2008

02 May 2008 | 09:29

Record date for CG Impex bonus issue is 16 May 2008

CG Impex has fixed 16 May 2008 as the record date for the purpose of issue of bonus shares in 1:2.

The company made this announcement during the trading hours on Thursday, 01 May 2008.

02 May 2008 | 09:31

Record date for Bliss GVS Pharma interim dividend is 15 May 2008

Bliss GVS Pharma has fixed 15 May 2008 as the record date for the purpose of payment of interim dividend.

The company made this announcement during the trading hours on Thursday, 01 May 2008.

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Mutual Funds News - 30 Apr 2008

29 Apr 2008 | 10:44 LIC MF appoints new CEO

LIC Mutual Fund has appointed Sushobhan Sarker, who was earlier with Life Insurance Corporation of India as executive director-investments, as chief executive officer of the fund house. Prior to Sarker, N. Mohanraj was the fund houses CEO.

30 Apr 2008 | 12:17 Standard Chartered MF declares dividend

Standard Chartered Mutual Fund (MF) announced to declare dividend under the dividend option of Standard Chartered Fixed Maturity Plan-Yearly Series 8 (FMP- YS 8).

The fund house fixed 5 May 2008 as the record date for the declaration of dividend. It will declare the entire appreciation in Net Asset Value of dividend option since inception until the record date, as dividend.

Pursuant to payment of dividend, the NAV will fall to the extent of dividend payout and statutory levy, if applicable.

All unit holders registered on or before the record date will be eligible to receive the dividend.

FT MF launches new fund

Franklin Templeton Mutual Fund launched Templeton Fixed Horizon Fund Series-VIII-Plan A, which will offer an indicative yield of 8.90%. Subscription to the 367-day income plan will close on 5 May 2008. the close ended income plan will invest its entire corpus in fixed income securities having maturity profile similar to its own.

30 Apr 2008 | 13:43 UTI AMC, LIC MF to bid for managing pension scheme

UTI Asset Management Company and LIC Mutual Fund Asset Management Company will bid for management of the country's largest pension scheme.

LIC Mutual Fund, the asset management unit of Life Insurance Corp (LIC), India's biggest insurer, will also bid to manage the fund, which has a corpus of more than 1.56 trillion rupees.

The government-run Employees' Provident Fund Organisation (EPFO) has invited bids from asset managers to manage its flagship scheme by 30 April. The funds are allowed to invest only in bonds sold by the central and state government and not in equities.

30 Apr 2008 | 18:07 Mutual funds in buying mode

Mutual funds bought shares worth a net Rs 381.50 crore on Tuesday, 29 April 2008, as compared to their sales of Rs 199.60 crore on Monday, 28 April 2008.

Mutual funds net inflow of Rs 381.50 crore on Tuesday, 29 April 2008, was a result of gross purchases Rs 1423.90 crore and gross sales Rs 1042.30 crore. Sensex vaulted 362.50 points or 2.13% at 17,378.46 on that day as the central banks annual monetary policy announced during trading hours was less hawkish than what the market had feared it to be.

Mutual funds bought Rs 160.70-crore more shares than they sold in April 2008, till 29 April 2008. Mutual funds had sold Rs 1971.30-crore more shares than they had bought in March 2008, probably to raise cash to meet possible redemption pressure following a sharp setback in share prices over the last two months

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Market News 30 April 2008

30 Apr 2008 | 09:19

Record date for GMM Pfaudler fourth interim dividend is 02 May 2008

GMM Pfaudler has fixed 02 May 2008 as the record date for the payment of fourth interim dividend at the rate of Re 0.70 per share (35%).

30 Apr 2008 | 09:24

Record date for HCL Infosystems third interimdividend is 02 May 2008

HCL Infosystems has fixed 02 May 2008 as the record date for the payment of third interim dividend at the rate of Rs 2 per share (100%).

30 Apr 2008 | 09:26

Record date for Century Plyboards (India) stock split is 02 May 2008

Century Plyboards (India) has fixed 02 May 2008 as the record date for the sub-division of 1 equity share of Rs 10 each into 10 equity shares of Re 1 each.

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Mutual Funds News - 29 Apr 2008

29 Apr 2008 | 10:39 Birla MF declares dividend

Birla Mutual Fund has declared dividend under Birla Fixed Term Plan-Series V. The fund house has announced 2 May 2008 as the record date for distribution of dividend under Retail Plan-Dividend and Institutional Plan-Dividend in the scheme.

The scheme will distribute 100% distributable surplus as dividend on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.9965 (Retail Plan) and Rs 11.0348 (institutional Plan) per unit as on 25 April 2008.

All unit holders whose name appears in the register of unitholders of the schemeas at the close of business hours on the record date shall be eligible to receive the dividend so declared. After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

29 Apr 2008 | 11:07 Addendum to the offer document of FT MF

The closing date of the New Fund Offer of Plan A of Franklin Templeton Fixed Tenure Fund-Series IX (FTFTF-Series IX-Plan-A) has been extended till 12 May 2008 and the date of allotment has been revised to 21 May 2008.

Accordingly the maturity date of the plan and stipulated dates of redemption mentioned in the offer document have been modified as follows:

Maturity Date	Stipulated date for redemption
3 years from the date of allotment	At the end of 6th, 12th, 18th, 24th and 30th month from the date of allotment, as given below:
Date: 20 May 2011	Dates: 22 November 2008, 22 May 2009, 22 November 2009, 22 May 2010 and 22 November 2010

The scheme will remain open for redemption for a period of 7 business days commencing from the stipulated date(s) for redemption mentioned above.

29 Apr 2008 | 18:46 Mutual funds step up sales

Mutual funds sold shares worth a net Rs 199.60 crore on Monday, 28 April 2008, which was higher that their outflow of Rs 73.40 crore on Friday, 25 April 2008.

Mutual funds net outflow of Rs 199.60 crore on 28 April 2008 was a result of gross purchases Rs 650.50 crore and gross sales Rs 850.10 crore. Sensex lost 110.02 points or 0.64% to 17,015.96 on that day.

Mutual funds sold Rs 220.80-crore more shares than they bought in April 2008, till 28 April 2008. Mutual funds had sold Rs 1971.30-crore more shares than they had bought in March 2008, probably to raise cash to meet possible redemption pressure following a sharp setback in share prices over the last two months.

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Mutual Funds News 28 Apr 2008

28 Apr 2008 | 12:30 JM Financial MF revises load structure

According to addendum released by the JM Financial Mutual Fund the fund house has decided to change the existing load structure of the some equity oriented schemes. The changes will be effective form 28 April 2008.

The details are given in the table below:

Scheme Name	Existing Load Structure			Revised Load Structure
	Particulars	Entry Load	Exit Load	Particulars	Entry Load	Exit Load
JM Equity Fund	For the investment Less than Rs 3 Crore	2.25%	0.50%	For the investment Less than Rs 3 Crore	2.25%	1.00%
JM Emerging Leading Fund	For the investment Less than Rs 3 Crore	2.25%	0.50%	For the investment Less than Rs 3 Crore	2.25%	1.00%
JM Balanced Fund	For the investment Less than Rs 3 Crore	2.25%	0.50%	For the investment Less than Rs 3 Crore	2.25%	1.00%

28 Apr 2008 | 17:06 Mutual funds in selling mode

Mutual funds (MFs) sold shares worth a net Rs 73.30 crore on Friday 25 April 2008 compared to their buying of Rs 33.10 crore on Thursday, 24 April 2008.

MFs net outflow of Rs 73.30 crore on Friday 25 April 2008 was a result of gross purchases Rs 685.50 crore and gross sales Rs 758.80 crore. Sensex spurted 404.90 points or 2.42% at 17,125.98 on that day.

MFs were net sellers of shares worth Rs 20.70 crore in this month, till 25 April 2008.

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