News for Bharat Bandh on 20th & 21st Feb by the Trade unions, Two-day trade union strike from midnight with a expected loss of 20000 crore

News for Bharat Bandh on 20th & 21st Feb by the Trade unions, Two-day trade union strike from midnight with a expected loss of 20000 crore



Bharat Bandh details
According to the latest news the strike is called for 2 days i.e 20th & 21st February(Wednesday & Thursday) by the countries 11 registered trade unions in banking, insurance, public sector undertakings, transporters and other unorganized sectors with 200 other independent unions after the union leaders failed to arrive at a consensus in talks with the government.

Earlier the trade unions had demanded for the  for the removal of ceiling on bonus and provident fund. However the government of India called a meeting recently.

The major organisation included in the Bharat bandh are 
Bhartiya Majdoor Sangh (BMS)
All India Trade union Congress (INTUC)
All India Trade Union Congress (AITUC)
Hind Mazdoor Sabha (HMS)
Centre of Indian Trade Unions (CITU)
All India United Trade Union Centre (AIUTUC) and other such organisations.

Effect of Bharat Bandh on Mumbai
It seems like Mumbai won't be much effected by the Bharat Bandh on 20th & 21st Feb 2013.


Effect on Transport: The public transport won't be effected in mumbai Best buses with continue to run as usual also the local trains & taxis will also won't be affected by the Bharat Bandh in genral western railway won;t be effected.
However the auto transport won't be runnig for 24hours on 20th February as they will be under strike by Sharad Rao union.

Effect on APMC (Markets)
The Mumbai's famous APMc market willl continue to run & it won;t be effected by the bandh, they are supporting bandh but they don;t want to waste the goods comming from the farmers as they won;t want to trouble the public.

Effect on Hospitals
BMC-run hospitals and clinics will remain unaffected by the bandh, nurses, clerical staff and ward boys of state-run hospitals will strike for one day.

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V-mart : IPO Details, Company profile and financials, Issue size, Price band, Rating by CARE

V-mart  : IPO Details, Company profile and financials, Issue size, Price band, Rating by CARE



Incorporated in 2002, V-mart is a medium-sized hypermarket format retail chain based in New Delhi. They are multi-brand family store offers apparels, general merchandise and kirana bazar.

VMRL has established stores in Metro, Tier-I, Tier-II and Tier-III cities which are primarily located as standalone stores in high-street areas and shopping hubs of such cities. The average size of store is approximately 8,000 Sq. Ft.

Company Financials:

Particulars For the year/period ended (in Rs. Million)
31-Mar-12
Total Income : 2,819.54
Profit After Tax (PAT) : 106.12

31-Mar-11
Total Income : 2,147.98
Profit After Tax (PAT) : 62.65

31-Mar-10
Total Income : 1,441.56
Profit After Tax (PAT) : 23.26

31-Mar-09
Total Income : 1,423.57
Profit After Tax (PAT) : 10.46

31-Mar-08
Total Income : 980.71
Profit After Tax (PAT) : 35.24

Issue Detail:

• Issue Open: Feb 01, 2013 - Feb 05, 2013 
• Issue Type: 100% Book Built Issue IPO 
• Issue Size: 4,496,000 Equity Shares of Rs. 10 
• Issue Size: Rs. 87.67 - 96.66 Crore 
• Face Value: Rs. 10 Per Equity Share 
• Issue Price: Rs. 195 - Rs. 215 Per Equity Share 
• Market Lot: 66 Shares 
• Minimum Order Quantity: 66 Shares 
• Listing At: BSE, NSE

CARE has assigned an IPO Grade 3 to V-Mart Retail Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. 

Company Contact Information


Registered Office :
F-11, Udyog Nagar Industrial Area,
Peeragarhi, Rohtak Road,
New Delhi – 110 041, India
Phone: +91 11 4525 4444
Fax: +91 11 4525 4429
Email: compliance@vmart.co.in
Website: http://www.vmart.co.in

Jet Airways reported a consolidated net profit of Rs 93 crore in third quarter FY 2013 against a loss of Rs 122 crore in same period last year, Latest stock price

Jet Airways reported a consolidated net profit of Rs 93 crore in third quarter FY 2013 against a loss of Rs 122 crore in same period last year, Latest stock price



Higher revenue and improvement in yields coupled with reduced operating expenses helped Jet Airways to return to profit. The airline reported a consolidated net profit of Rs 93 crore in third quarter FY 2013 against a loss of Rs 122 crore in same period last year.

Jet Airways revenue grew 6.6% to Rs 4251 crore and earning before interest tax depreciation amortisation and rentals was up 28% as the airline scaled back capacity and cut down its costs. Expenditure was down 7.5% largely due to a decline in employee, fuel and sale and distribution related costs.

Overall the airline reduced capacity by 9% and carried 10.7% less passengers compared to 3Q 2012. Even the loads were lower but the airline reported 22 % yield growth in its domestic and international operations. International service accounts for 56% of total revenue on a stand alone basis.

JetLite (re branded as Jet Konnect) capacity reduced 21% and it carried 16% less passengers. Its revenue too declined 2.7% but it turned profitable (Rs 8.1 crore profit ) due to 30% growth in yields.

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