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MDT/PTI 09 November 2012
State Bank of India however, showed signs of stress on asset quality as its gross NPAs ratio jumped  5.2% to Rs49,202.5 crore during the September quarter Mumbai: The country's largest lender State Bank of India on Friday posted a 30.16% jump in its net profit to Rs3,658.14 crore during...

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MDT/PTI 09 November 2012
The Anil Dhirubhai Ambani group (ADAG) company said it net profit fell mainly due to interest outgo on money it had borrowed to buy 3G spectrum two years ago   Mumbai: Reliance Communications Ltd (RCom) has reported a 60% drop in its consolidated net profit to Rs102 crore for the...

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Moneylife Digital Team 08 November 2012
If the day’s low is broken tomorrow it may bring about a short downtrend The market ended its six-day gaining spree and closed in the red on re-emergence of worries about the global economy. Yesterday we had mentioned that we may see the upmove continuing unless the index closes below...

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Moneylife Digital Team 08 November 2012
Wim Plast, a company that manufactures moulded furniture, reported steady sales and a 33% jump in net profit due to increased other income   Wim Plast, a consumer consumable company that manufactures moulded plastic chairs, has reported solid results for the quarter ended 30 September...

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MDT/PTI 08 November 2012
  CCEA approved divestment of 10% stake in Hindustan Aeronautics out of its 100% holding through an IPO   New Delhi: A proposal for disinvestment of 10% of government equity in the country's only state-owned aerospace firm Hindustan Aeronautics Ltd (HAL) was approved by the Union...

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MDT/PTI 08 November 2012
Tata Motors' total revenues rose 20% to Rs43,403 crore, however its net profit was impacted by rising costs, especially marketing, and slackening demand for commercial vehicles Mumbai: Healthy sales by its British brand Jaguar Land Rover (JLR), primarily in China, once again came to the...

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MDT/PTI 08 November 2012
The Bank's total income rose around 9% to Rs5,681 crore in the July-September quarter from Rs5,234 crore a year ago Mumbai: Central Bank of India has reported a 35.25% jump in net profit to Rs330 crore in the second quarter ended 30th September on rise in advances even as the state-run...

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Moneylife Digital Team 07 November 2012
Watch out for previous day’s low for a possible change in direction   The market settled higher for the sixth straight day on global support following the re-election of Barack Obama as president of the US, ending days of uncertainty. Today the Nifty managed to make a higher high and...

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Moneylife Digital Team 07 November 2012
Britannia Industries, makers of cookies like Tiger, has posted average results with net sales going up by only 9% but managed to increase net profit by 20.5% due to better cost management   Britannia Industries (BIL), India’s leading food company and promoted by the Wadias, for the...

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MDT/PTI 07 November 2012
The exchanges set the circuit filter of a stock as part of their surveillance mechanism in order to avoid excessive volatility in the particular share price Mumbai: Leading bourse BSE has restricted the price movement for 127 companies to a maximum of 2% a day as part of its surveillance...

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MDT/PTI 07 November 2012
The special trading session would be conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity Mumbai: The ‘Muhurat’ trading session will be conducted for 75 minutes on Diwali Day, 13 November 2012, on leading bourses NSE and BSE, reports PTI.   The...

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Moneylife Digital Team 07 November 2012
The south-India based automotive ancillary manufacturer posted decent results on back of increased volumes and sales on higher momentum off-take in automotive sector. Amara Raja Batteries reported 28% year-on-year (y-o-y) increase in net sales for the quarter ended 30 September 2012. It...

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MDT/PTI 07 November 2012
Bharti Airtel’s total subscriber base across services stood at 262.6 million globally at the end of September 2012 Mumbai: Telecom major Bharti Airtel’s net profit declined for the 11th quarter in a row, dropping by 29.7% to Rs721.2 crore in July-September this year over the same period...

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Moneylife Digital Team 06 November 2012
A reversal will be signalled by Nifty closing below its previous day’s low   The smart recovery in the last hour saw the market close an otherwise unexciting session, with modest gains, making it the fifth positive close in a row. Yesterday we had mentioned that if the Nifty closes...

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Moneylife Digital Team 06 November 2012
Madras Cements managed to put in a solid quarter despite vagaries of the monsoon due to better cost control and slightly increased offtake Madras Cements, part of the Ramco group, has posted solid results despite a delayed monsoon which usually slows down cement companies’ offtake. Net...

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Moneylife Digital Team 05 November 2012
The Nifty must close decisively above 5,720 to head to a new yearly high   The market closed flat in the absence of any local triggers and weak global cues. On Friday we had mentioned that if the Nifty manages to make a higher high and close above 5,710, we may see the upmove...

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Moneylife Digital Team 05 November 2012
International business revenues were +15%, with constant currency growth of 3%, and this was disappointing, according to Nomura Equity Research Fast moving consumer goods major Marico Industries has announced disappointing second quarter results and the key numbers from Q2FY13 have been...

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Moneylife Digital Team 05 November 2012
Flat volumes, muted guidance and weak hiring were uninspiring in Wipro’s second quarter performance, according to Nomura Equity Research Wipro’s second quarter results lacked growth diversification and did not provide any convincing indication of lag reduction versus its peers. This is...

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Moneylife Digital Team 05 November 2012
VST Tillers Tractors, part of the VST group, has posted disappointing sales, as vagaries of the monsoons affected its net sales and bottomline Small-cap company and tractor manufacturer, VST Tiller Tractors, has posted disappointing results, with its quarterly sales declining for the...

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Moneylife Digital Team 03 November 2012
Nifty may continue to rise if it manages a close above 5,710 on Monday   The market finished the week in the green on positive quarterly earnings reports from corporates but the gains were capped by the Reserve Bank of India’s (RBI) move to keep its key rates unchanged, in its...

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