Ace investor Rakesh Jhunjhunwala's Rare Ent buys 25 lkh shares of Spicejet for Rs 7.6crore through an open market transaction, Latest Stock Price

Ace investor Rakesh Jhunjhunwala's Rare Ent buys 25 lkh shares of Spicejet for Rs 7.6crore through an open market transaction, Latest Stock Price


Ace investor Rakesh Jhunjhunwala's Rare Enterprises has acquired 25 lakh shares of budget carrier SpiceJet  for Rs 7.69 crore through an open market transaction.

According to the data available with stock exchanges, Rare Enterprises bought 25 lakh shares of SpiceJet at a price of Rs 30.77 apiece, valuing the deal at Rs 7.69 crore. However, the seller of the shares could not be ascertained.

Meanwhile, SpiceJet reported a net profit of Rs 56 crore for the June quarter 2012 after posting five straight quarterly losses. The company had a net loss of Rs 71.96 crore in April-June period of 2011.

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Bank of Baroda reported a rise of 10.26% in net profit at Rs 1,138 crore for the quarter ended June 2012, Latest Stock Price

Bank of Baroda reported a rise of 10.26% in net profit at Rs 1,138 crore for the quarter ended June 2012, Latest Stock Price


 Bank of Baroda today reported a rise of 10.26% in net profit at Rs 1,138 crore for the quarter ended June 30, 2012 as compared to Rs 1,032 crore in the same period last year.

Total income has gone up 28.27% to Rs 9,328 crore for the quarter ended June 30, 2012 from Rs 7,272 crore in the year ago period.

Interest earned during the quarter ended June 30, 2012 was at Rs 8,557 crore as compared to Rs 6,631 crore for the quarter ended June 30, 2011, representing an increase of 29.04%.
Net NPA was at Rs 1,844 crore for the quarter ended June 30, 2012, as compared to Rs 1,024 crore for the quarter ended June 30, 2011, representing an increase of 80.05%.

Net NPA of the bank was at 0.65% as on June 30, 2012 as compared to 0.44% as on June 30, 2011.

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Popstar Katy Perry, who recently divorced actor Russell Brand, was seen spending time with singer John Mayer in Mianmi

Popstar Katy Perry, who recently divorced actor Russell Brand, was seen spending time with singer John Mayer in Mianmi




 Katy Perry have a new famous boyfriend? The pop star was spotted getting cozy with John Mayer in Miami over the weekend. Just days after she finalized her divorce from Russell Brand she and Mayer were seen hanging out together.

 Mayer was previously dating American singer Taylor Swift. "Katy, who's had a crush on John since 2009, has been on several dates around Los Angeles, including a cozy pizza party at her house,"

"Katy seems to forget about John's womanizing rep and the fact that he disastrously dated her pal, Taylor Swift," the source added.

Poonam Pandey tweets hot pics on Twitter

Poonam Pandey tweets hot pics on Twitter




“My b**bs went from big to humongous, they're making some changes in the bust,” Poonam tweeted what’s visibly obvious.

Earlier, she touted herself as the hottest thing in India.

“Tweethearts .... have u ever seen ne thing as HOT as this in INDIA,” she tweeted.

Poonam Pandey puts her cleavage on display as she treats her fans with her sexy pictures. After Sherlyn Chopra posed naked for Playboy magazine, Poonam Pandey's popularity has gone down.
src-TOI

Drunken gang of girls stabbed a 63year old man

Drunken gang of girls stabbed a 63year old man



A wolf pack of drunken young women “acting stupid” on a downtown No. 6 train in Manhattan stabbed a 63-year-old man early today — for having had the nerve to ask them to pipe down, police said.
The man was on his way to work at about 6:15 a.m. when he was attacked as the train entered the East 23rd Street station, a law-enforcement source told The Post.
“The eight females were acting stupid. He just told them, ‘Relax. Calm down,’ ” another source said.
Instead, one stabbed him in the left shoulder. He was treated at Bellevue Hospital.
src-nypost.

BSE to exclude 52 stocks from trading in SLB (The Securities Lending and Borrowing) segment including Oil India, Essar Oil & MRPL

BSE to exclude 52 stocks from trading in SLB (The Securities Lending and Borrowing) segment including Oil India, Essar Oil & MRPL

The BSE today said it will exclude 52 stocks including Oil India, Essar Oil and MRPL from trading in Securities Lending and Borrowing (SLB) segment with effect from September 28.

The Securities Lending and Borrowing (SLB) mechanism allows short sellers to borrow securities for making delivery.

Among other stocks, BEML, Bharat Electronics, Bosch, Fortis Healthcare, HCC, Jet Airways SpiceJet, TVS Motor Company, Tata Teleservices (Maharashtra) Ltd, Indian Bank and Max India, would not be available for trading in the SLB segment with effect from September 28, 2012, BSE said in a circular.

The National Stock Exchange had last week removed 51 stocks from its derivative segment.

Under SLB, securities can be borrowed for a period of seven days through a screen based order matching mechanism. The stocks in the future & option segment are eligible for SLB.
src-BS

Oriental Bank of Commerce's net profit rose by 10% at Rs 391 crore for the quarter ended in June 2012, Latest stock Price

Oriental Bank of Commerce's net profit rose by 10% at Rs 391 crore for the quarter ended in June 2012, Latest stock Price



State-owned lender Oriental Bank of Commerce's net profit rose by 10% year-on-year to Rs 391 crore in the quarter ended June 2012. Net interest income too grew by more than 10% to Rs 1,126 crore from Rs 1,018 crore during the same period.

The bank made less provisions in the quarter around Rs 334 crore as compared to Rs 534 crore in the previous quarter.

Gross non-performing assets (NPAs) declined by 20 basis points quarter-on-quarter to 2.97% and net NPAs too fell by 16 basis points to 2.05% versus 2.21% during the same period.
But, capital adequacy ratio slipped by 40 basis points to 12.29% in the first quarter of FY13 as against 12.69% in the previous quarter.

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TVS Motor Q1 net slips lower-than-expected 13% to Rs 51 crore, Latest stock price

TVS Motor Q1 net slips lower-than-expected 13% to Rs 51 crore, Latest stock price



Two-wheeler maker TVS Motor Co beat street expectations with a lower-than-expected 13% year-on-year decline in first quarter net profit at Rs 51 crore.

The India's fourth largest two-wheeler maker's revenue for the quarter rose 4% to Rs 1,820 crore.

Analysts on average had expected TVS Motor to report a net profit of Rs 46 crore on revenue of Rs 1,614 crore in April-June, according to CNBC-TV18 estimates.

"Profits are lower due to significant increase in brand investments across key brands including TVS Wego, TVS StaR City and TVS Sport along with the recently introduced Apache RTR and Scooty Pep," the company said on Friday.

TVS's total expenses in April-June rose 5% to Rs 1,743 crore.

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Tata unveils Megapixel at the Geneva Motor Show 2012, Features & Pictures

Tata unveils Megapixel at the Geneva Motor Show 2012,  Features & Pictures


Tata Motors presented at the 2012 Geneva Motor Show the Tata Megapixel, a new four-seater city-smart global range extended electric vehicle (REEV) concept for the performance-seeking and environment-conscious motorist anywhere in the world.







Combining a lithium ion phosphate battery and an on-board petrol engine generator for recharging on the move, the Tata Megapixel offers a range of up to 900 km (with a single tank of fuel), path-breaking CO2 emission of just 22 gm / km and fuel economy of 100 km / litre (under battery only power).





The front seats are cantilevered on the central tunnel, releasing floor space for additional storage. Light leather trims and rose metal details accentuate the joyous marriage of richness of tradition and innovativeness of technology.

This fusion is heightened by an advanced human machine interface (HMI). The console docking point can connect a smart phone with the car.

MCX posted a growth of 4% at Rs 64.74crore for the quarter ended in June 2012, Latest stock price

MCX posted a growth of 4% at Rs 64.74crore for the quarter ended in June 2012, Latest stock price




Commodity exchange MCX today posted four per cent growth in net profit at Rs 64.74 crore for the first quarter ended June 30.

Its net profit for the April-June quarter of FY2011-12 stood at Rs 62.03 crore.

For the quarter ended June 30, MCX's total income rose by six per cent to Rs 146.23 crore compared to Rs 138.39 crore for the corresponding quarter last year

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ITC reported a net rise od 20% in profit at Rs 1,602 crore for the quarter ended in June, Latest stock price

ITC reported a net rise od 20% in profit at Rs 1,602 crore for the quarter ended in June, Latest stock price



Diversified business firm ITC Ltd today posted 20.21% rise in net profit to Rs 1,602.14 crore for the first quarter ended June 30, 2012, on the back of robust sales across non-cigarette FMCG businesses.

It had posted a net profit of Rs 1,332.72 crore during the same period 2011-12, according to an ITC statement.

Net sales of the company rose to Rs 6,552.21 crore for the April-June quarter of 2012-13, as compared to Rs 5,767.47 crore during the same period of the last financial year.

In the FMCG segment, including cigarettes vertical, the company posted net revenues of Rs 4,777.29 crore during the quarter, compared to Rs 4,071.32 crore in the same period of 2011-12.

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Thermax net profit falls by 16% at Rs 67 crore for the quarter ended in June, Latest stock price

Thermax net profit falls by 16% at Rs 67 crore for the quarter ended in June, Latest stock price




Pune-based maker of industrial boilers, Thermax has registered a fall of 16% in April-June quarterly profit at Rs 67 crore.

The company had posted a net profit of Rs 80 crore for the quarter ended June 30, 2011.

The total income has also decreased 5% from Rs 1,059 crore for the quarter ended June 30, 2011 to Rs 1,002 crore for the quarter ended June 30, 2012.

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BHEL reported about 13% jump in net profit at Rs 921 crore, Latest Stock Price

BHEL reported about 13% jump in net profit at Rs 921 crore, Latest Stock Price


State-run power equipment maker BHEL has reported about 13% jump in net profit at Rs 921 crore for the first quarter ended June 30, 2012.

It had posted net profit of Rs 815.5 crore in the April- June quarter of 2011-12, BHEL said in a statement today.

Net sales jumped about 17% to Rs 8,326 crore, from Rs 7,132 crore in the same period of the previous fiscal, it said.

The company has an outstanding order book position of Rs 1,33,000 crore at the end of Q1, 2012-13.

It includes the Rs 950 crore contract for supplying equipment for 1,020 MW hydel project in Bhutan, bagged by BHEL last month.

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JK Lakhsmi Cement reported an over two-fold jump in profit at Rs 50 crore, Latest Stock Price

JK Lakhsmi Cement reported an over two-fold jump in profit at Rs 50 crore, Latest Stock Price



JK Lakshmi Cement today reported an over two-fold jump in net profit at Rs 50.28 crore for the first quarter ended June 30, buoyed by a 23% growth in sales volume.

The city-based firm had clocked Rs 22.75 crore net profit during April-June quarter of the last fiscal.

In sync with the rise in sales volume, sales turnover also jumped by 35% to Rs 597 crore from Rs 441 crore a year ago.

JK Lakshmi Cement is investing Rs 1,200 crore to set up the plant Durg in Chhattisgarh having an installed capacity of 2.7 million tonnes per annum.

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Vijaya Bank net profit up 54% for the quarter ended in June 2012, Latest Stock Price

Vijaya Bank net profit up 54% for the quarter ended in June 2012, Latest Stock Price



Bangalore-based public sector lender Vijaya Bank register robust growth of 54.2 per cent in net profit, at Rs 111 crore, for the quarter ended June 30, compared with Rs 72 crore a year earlier. The total income of the bank for the quarter increased 18.7 per cent to Rs 2,320 crore, compared with Rs 1,953 crore reported in the corresponding period last year. The operating profit declined 20.4 per cent to Rs 259 crore against Rs 325.5 crore reported in the year-ago period.

The net interest income showed a modest growth of 7.5 per cent at Rs 455 crore in the June quarter against Rs 423 crore reported in the last corresponding period. The bank has made a provision of Rs 130 crore against Rs 231 crore, a decline of 43.7 per cent.

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