bombay-stock

MMDR Bill Brings Bad News for Mining Companies

by Paul Joseph July 8, 2011 Featured

The draft Mines and Mineral Development and Regulation (MMDR) Bill, 2011 turned to be unlucky for Coal India and other mining companies as their shares toppled on the Bombay Stock Exchange in morning trade. The draft proposed that it should be mandatory for coal miners to share 26% of their profits with project-affected people and non-coal mining companies has to pay 100% of the royalty to people affected by the project. The draft would be put forth in the parliament but analysts found the draft to be taxing on the part of mining companies. read more

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Infosys faces charges of H1B visa misuse

by Paul Joseph May 26, 2011 Featured

India’s 70-billion outsourcing industry gets affected when in US, Infosys was asked by the district attorney in Texas on Tuesday to clarify on allegations of visa misuse by one of its employee Jack Palmer. After this announcement, its shares were trading at 1.30 per cent lower at Rs 2,808 on the Bombay Stock Exchange. Through trading shares reach an intraday high of 2,825 and a low of 2,803. A separate investigation has been launched by the district attorney on the use of B1 visas based on an ongoing case filed by Palmer in a district court in Alabama. read more

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Bharat Forge posts 63 per cent rise in Q4 profit

by Paul Joseph May 26, 2011 Featured

Pune based company, Bharat Forge posted 63.87% rise in net profit in Q4 FY11 and taken the profit figure to Rs 100.39 crore. The increase in net profit is subject to strong growth in Europe and US markets. On Bombay Stock Exchange, shares of Bharat Forge were trading at 2.66 percent up at Rs 312.50 at 10:15 am. read more

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ZEE Ltd posts Q4 net profit at Rs 191.83 cr

by Paul Joseph April 20, 2011 Featured

Q4 consolidated profit of Zee Entertainment Enterprises (ZEEL) stood at Rs 191.83 crore. During its filing to the Bombay Stock Exchange, the media company said that numbers include the consolidating financial data of Taj TV. The company also said that after merging with ETC Networks, its entire business related to education demerged into a new listed company, Zee Learn and hence the numbers are incomparable. read more

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IDBI Bank Q4 net up 62%

by Paul Joseph April 20, 2011 Featured

In Q4 ended March 31, 2011 IDBI reported a rise in net profits by 62.13% at Rs 516.25 crore. During its filing to the Bombay Stock Exchange (BSE), IDBI reported that in the same quarter last year, the company reported net profit of Rs 318.41 crore. The company further said that its annual profit ended on March 31, 2011 is Rs 1,650.32 crore against Rs 1,031.13 crore in the same period year-ago. read more

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Rabobank Gets RBI Nod For Banking

by Paul Joseph April 2, 2011 Featured

Rabobank on Thursday received the RBI approval for its local banking operations. This is a Netherland based bank which is seeking to take advantage of growth prospects in the world’s second fastest expanding major economy. According to Bombay Stock Exchange, nine months after Rabobank has sold its 11% stake to private sector Yes Bank Ltd and still has hold of 4.82% shares in the Indian lender. read more

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DE Shaw, RIL in JV for financial services; shares of RIL down

by Paul Joseph March 28, 2011 Featured

Reliance Industries was set up in 1988 by Mukesh Ambani and with time becomes India’s largest private sector company with operations in energy, oil exploration, and refinement. The company has developed its reputation for improvement in financial products such as derivatives. RIL on Sunday enclose the fund company DE Shaw by announcing a joint venture of financial services with global private equity. On the Bombay Stock Exchange at 9:35 am, RIL stocks were trading lower by 0.30% at Rs 1022.95. read more

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Balwa’s resignation accepted by DB Realty

by Paul Joseph March 7, 2011 Featured

It has been disclosed by the Dynamix Balwas (DB) Realty that it’s Managing Director Shahid Balwa has given his resignation and today the company has accepted it. He had joined the company on 9th February, 2011. DB Realty has said in a filing to the Bombay Stock Exchange that the Board of Directors of the company has noted and accepted the resignation of Shahid U Balwa. They have accepted the resignation on 5th march, 2011 as Managing Director and also as director of the company in view of his concerns about certain investigations as per his letter of the same date. read more

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