Etihad Airways may get 50% board representation in Jet Airways valued at $1.4 billion post Etihad deal, Naresh Goyal to seek Chidambaram’s views on Jet deal

Etihad Airways may get 50% board representation in Jet Airways valued at $1.4 billion post Etihad deal, Naresh Goyal to seek Chidambaram’s views on Jet deal



According to the latest information Jet airways may sale its 50% board representation to Etihas Airways. Jet Airways is currently India's second largest airline by passengers flown.

Etihad may buy 24 per cent for now, and later on increase its stake to 49 per cent & the stake may be of at a 14 per cent premium to the market value of the Indian carrier.

Etihad is expected to invest $300 million in Jet for the 24% stake, valuing the Indian carrier at $1.2 billion, or 6,380 crore, which is 19% higher than the current market cap of 5,371 crore.

However after this news the Share of Jet Airways rose as much as 3.4% on Thursday to 614.80, earlier the stake has almost been double in last three months.

The Technician of Jet Airways were protesting against poor hike in their salaries and also clearance of arrears that have been pending since the last 3-4 years.

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FMCG major Hindustan Unilever, HUL Q3 net up 15% at Rs 872 crore for the third quarter ended December 31, 2012 from Rs 753.8 crore on year, Latest stock price

FMCG major Hindustan Unilever, HUL Q3 net up 15% at Rs 872 crore for the third quarter ended December 31, 2012 from Rs 753.8 crore on year, Latest stock price




FMCG major Hindustan Unilever posted an increase of 15.5% in net profit at Rs 871.36 crore for the third quarter ended December 31, 2012 from Rs 753.8 crore on year.

During the quarter the domestic consumer business grew at 15% with volume growth of 5%. Both home and personal care (HPC) and foods and beverages (F&B) registered double digit growth, said the company.

Revenue for the quarter was up 12.5% at Rs 6,788.54 crore from Rs 6,035.6 crore.

Laundry delivered a strong performance across formats, and registered a growth of 20%. Products like Surf and Rin continued to drive category upgradation, clocking another quarter of double digit growth. The revenue for the quarter was Rs 3,171.23 crore.

On the operating margin front, HUL continued to continue its consistent gain. For the December quarter the operation margins improved by 40 basis points.

During the quarter, the total turnover of the company stood at Rs 6,788 crore, up 12.5% against Rs 6,035 crore in the previous corresponding quarter.

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Micromax launches A116 Canvas HD with Android 4.1 (Jelly Bean), 1.2GHz quad-core processor, Expected to be priced below Rs 15,000, Booking will start in first week of February 2013

Micromax launches A116 Canvas HD with Android 4.1 (Jelly Bean), 1.2GHz quad-core processor, Expected to be priced below Rs 15,000, Booking will start in first week of February 2013




After launching the Micromax Superfone Canvas A100 and Micromax Superfone Canvas 2 A110, the Indian handset maker has now introduced the A116 Canvas HD.

A116 Canvas HD — with Android 4.1 (Jelly Bean) and powered by a 1.2 GHz quad-core processor, the company’s first quad-core processor smartphone. The price of the smartphone is expected to be below Rs 15,000, and it will be available in India from the first week of February 2013.

Key features of the device include:

• 5-inch (1280 x 720 pixels) HD IPS display
• 1.2 GHz quad-core MediaTek MT6589 processor
• 1GB RAM
• 4GB internal memory, expandable up to 32GB
• 8-megapixel rear camera
• VGA front camera
• 2100 mAh battery
• Android 4.1

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HDFC Bank Q3 Result, net profit up 30%, HDFC net profit at Rs 1,859.07 crore for the October-December quarter, hdfcbank.com Q3 result

HDFC Bank Q3 Result, net profit up 30%, HDFC net profit at Rs 1,859.07 crore for the October-December quarter, hdfcbank.com Q3 result

Result Overview
One of the best privatesector Bank HDFC has today declared their 3rd Quater result with a net profit at Rs 1,859.07 crore for the October-December quarter however HDFC Bank were trading at Rs 659.10, down 1.17 per cent from previous close on the BSE.

Net Profit
Total Income increased to Rs 10,506.51 crore from Rs 8,622.64 crore
Net interest income Rs 3,798.9 crore (21.9 %) growth
Other income of the bank rose to Rs 1,798.9 crore

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Hero MotoCorp (HMCL) net profit falls 20% to Rs 488 crore in Q3 2012-13, Latest stock price

Hero MotoCorp (HMCL) net profit falls 20% to Rs 488 crore in Q3 2012-13, Latest stock price



Hero MotoCorp (HMCL) on Thursday reported net profit of Rs 488 crore for the third quarter ended December 31, 2012, down 20 per cent from Rs 613 crore in the corresponding period last year.

However, the company’s turnover (net sales and other operating income) went up by 2.5 per cent to Rs 6,188 crore for the October-December compared with Rs 6,036 crore in the same period of 2011.

“The last two quarters have been challenging for the Indian auto industry on account of the delayed monsoons, rising fuel prices and subdued sentiments. However, we have had good growth this festive season,” Pawan Munjal, Managing Director and Chief Executive Officer, HMCL, said.

Despite the overall market slowdown and a seasonally weak December month, the company reported volumes of 15,73,135 units in despatch sales in the third quarter this fiscal.

The company said this came on the back of record retails sales of more than 1.1 million units in the festive months of October and November, a growth of more than seven per cent over the corresponding period in the previous year.

“This trend may be an early sign of recovery and we hope the domestic two-wheeler industry will revert to higher growth rates in near future. Whenever that happens, we will be geared up to meet the upsurge in demand,” Munjal said.

The company recently commenced work on its new plant and the Global Parts Centre located at Neemrana in Rajasthan.

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HCL Tech Q2 Result, HCL Technologies 2nd Quarter result declared today shares up by 3% in morning, HCL Tech net up 68.5% at Rs 965 cr

HCL Tech Q2 Result, HCL Technologies 2nd Quarter result declared today shares up by 3% in morning, HCL Tech net up 68.5% at Rs 965 cr

HCL Technologies India's fourth-largest software services provider has recently declared their 2nd i.e December Quarter result which surprised all. The share reached its 52 week high of Rs702. Have a look at overall performance of the company.

Details
HCL quarter Revenue: Rs6,274 crores
Percentage increase(yoy): 19.6%
Volume growth:3%
Dividend provided: Rs2/share
New employees added: 3,291
Revenue growth in Europe: 4.2%
Revenue growth in America: 3.4%

The result were better than expected & the company's operating margins improved 400 basis points year-on-year to 19.8 percent and net margin improved for the fifth straight quarter to 15.4 percent.

The company has subsequently increased in various sectors & this is the third company after Infosis & TCS which have performed better than expectation.

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List of BSE and NSE Holidays in 2013

List of BSE and NSE Holidays in 2013



Day, Date & Holiday

Wednesday, 27-Mar-13 - Holi
Friday, 29-Mar-13 - Good Friday
Friday, 19-Apr-13 - Ram Navmi
Wednesday, 24-Apr-13- Mahavir Jayanti
Wednesday, 1-May-13 - May Day
Friday,  9-Aug-13 - Ramzan ID
Thursday,  15-Aug-13 - Independence Day
Monday,  9-Sep-13 - Ganesh Chaturthi
Wednesday,  2-Oct-13 - Gandhi Jayanti
Wednesday, 16-Oct-13 - Bakri ID
Monday, 4-Nov-13 -Diwali-Balipratipada
Thursday, 14-Nov-13 - Moharram
Wednesday, 25-Dec-13- Christmas

Honda Amaze - Honda's first diesel car for Indian Market, Planned to be launched in April 2013, Powered by a new 1.5 Litre i-DTEC diesel engine, would deliver fuel average of 23-25 kmpl, expected to be launched from Rs 5.2 lakh

Honda Amaze - Honda's first diesel car for Indian Market, Planned to be launched in April 2013, Powered by a new 1.5 Litre i-DTEC diesel engine, would deliver fuel average of 23-25 kmpl, expected to be launched from Rs 5.2 lakh




Honda Amaze sedan that will be launched in India next year. Already launched in Thailand, the Amaze is expected to make it to Indian shores by April 2013. Powered by a new, 1.5-litre, four-cylinder i-DTEC diesel engine derived from the 1.6-litre Earth Dreams, the Amaze returns 23-25 kmpl. Prices could start from Rs 5.2 lakh for the basic petrol to Rs 7.3 lakh for the top-end diesel.