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Moneylife Digital Team 25 April 2014
For FY14,  Axis Bank reported net profit of Rs6,218 crore, as its net interest income grew 24%; it also announced 1:5 share split having face value of Rs10 to Rs2 Axis Bank Ltd reported a 20% higher net profit for FY2013-14 mainly on increase in its net interest income (NII) and...

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Moneylife Digital Team 25 April 2014
For the March quarter, ICICI Bank reported a 15% higher net profit to Rs2,652 crore on increase in interest and other income ICICI Bank Ltd, the largest private sector lender in India, reported 18% higher net profit for FY2013-14 mainly on an increase in its net interest income (NII) and...

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Moneylife Digital Team 25 April 2014
Maruti Suzuki said lower volumes, higher sales promotion expense and a stock compensation paid to dealers owing to reduction in excise duty affected its net profit during the March quarter Maruti Suzuki India Ltd (MSIL), the country's largest car maker, on Friday reported over 35% fall...

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Moneylife Digital Team 24 April 2014
Supreme Industries' March quarter net profit fell to Rs58.34 crore on higher costs and sluggish industrial demand Supreme Industries Ltd, a leading plastics player in the country, reported a 23% lower third quarter net profit on sluggish demand and increase in costs. For the quarter...

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Moneylife Digital Team 24 April 2014
During the March quarter, Supreme Petrochem's net profit tumbled to Rs9.78 crore on muted domestic sales and higher costs Supreme Petrochem Ltd reported a disappointing third quarter result with its net profit falling by 63% due to slower growth in its domestic sales and higher...

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Moneylife Digital Team 23 April 2014
Nifty will continue to move sideways Through out the volatile session on the bourses on Wednesday, Indian indices managed staying well above yesterday close. The BSE 30-share Sensex opened at 22,784 while the NSE Nifty opened at 6,823. Sensex hit the day’s low at 22,780 however, it soon...

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Moneylife Digital Team 23 April 2014
For FY2014, VST Industries reported a 19% higher net profit on higher sales and lower excise duty VST Industries, the Hyderabad-based cigarette manufacturer, reported a 19% higher full year net profit on higher sales and lower excise duty. For the 12 month to end-March, VST...

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Moneylife Digital Team 23 April 2014
Foseco India March quarter net profit fell 21% to Rs4.57 crore from Rs5.80 crore on higher costs Foseco India, metallurgical chemicals supplier for the ferrous and non-ferrous industry, reported disappointing results in its fourth quarter despite higher sales. For the quarter to...

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Moneylife Digital Team 22 April 2014
Nifty will be directionless though any decline will attract buyers Ahead of April futures and options expiry, the bourses witnessed a highly volatile session. In the initial hour and half, the benchmark hit its life time high but soon started giving up gains, finally closing marginally...

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Moneylife Digital Team 22 April 2014
For FY14, HDFC Bank reported a net profit of Rs8,478 crore mainly on increase in its net interest income and growth in its loan portfolio HDFC Bank Ltd, the second largest private sector bank in India, reported a 26% higher net profit for FY2013-14 mainly on increase in its net interest...

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Moneylife Digital Team 22 April 2014
For FY14, Persistent Systems reported a net profit of Rs249.27 crore on robust revenue growth in its infrastructure and healthcare business Persistent Systems Ltd, information technology (IT) and software services provider, reported a 32% higher net profit during FY2014 on strong revenue...

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Moneylife Digital Team 22 April 2014
Although SEBI made IPO grading voluntary, three companies opted for IPO grading from ratings agencies. IPO grading helps good companies to raise capital and investors to make informed decisions. But SEBI and its lobby think that this serves 'no purpose' Although the Securities & Exchange...

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Moneylife Digital Team 22 April 2014
For FY14, LIC Housing Finance reported a net profit of Rs1,317.19 crore on 24% increase in its net interest income LIC Housing Finance Ltd, (LIC HF) recorded 29% growth in its full year net profit due to increase in its net interest income (NII) and loan portfolio. For the 12 months...

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Moneylife Digital Team 21 April 2014
Nifty to keep itself above the day’s low; this may help it to keep trending higher We had mentioned last week that the BSE 30-share Sensex and NSE 50-share  Nifty will head higher and may keep hitting new all-time highs. On Monday both the indices opened close to Thursday’s high and...

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Moneylife Digital Team 21 April 2014
Madras Stock Exchange, one of India's oldest exchanges, may close down because of low net worth and inability to have the right systems. A board meeting is scheduled for the 28th April to discuss its future Madras Stock Exchange (MSE), the first stock exchange from South India, is likely...

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Moneylife Digital Team 18 April 2014
While Nifty will likely hit a new high, caution is warranted The BSE 30-share Sensex closed the week that ended on 18th April, at 22,628.84 (down 0.12 points), while the NSE’s 50-share Nifty closed at 6,779.40 (up 3 points or 0.05%) for the week. Last week we had mentioned that the...

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Moneylife Digital Team 17 April 2014
For FY14, Wipro reported 17% higher net profit on better margins in its IT services business Wipro Ltd, India's third largest IT company, in FY14 posted 17% higher  consolidated net profit of Rs7,797 crore from Rs6,639 crore, its total revenues grew 16% to Rs43,755 crore from Rs37,685...

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Moneylife Digital Team 17 April 2014
A close above the day’s high may keep the index going higher Yesterday, we had suggested that Nifty may put in a quick rally from around 6,625. The market did not go below yesterday’s low and started to rally. The  Sensex, Nifty opened well in the positive and after moving in a range for...

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Moneylife Digital Team 17 April 2014
Piramal Enterprises to acquire 20% stake in Shriram Capital for Rs2,014 crore Piramal Enterprises Ltd. (Piramal) today announced that it will acquire 20% equity stake in Shriram Capital Ltd (Shriram Capital), a financial service company for Rs2,014 crore to enhance its presence in the...

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Moneylife Digital Team 17 April 2014
During FY14, TCS profitability grew 37.7%, helped by growth in European markets and investments in digital technologies Tata Consultancy Services (TCS), India's largest IT company, in FY14 posted 37.7% higher net profit despite the fact that its revenues grew 29.9% due to growth in its...

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