May 7th, 2008 — Stock News
Finally iPhone Lovers can get hold their favorite phone thanks to Vodafone. The company has today announced that it has signed an agreement with Apple to sell the iPhone in ten of its markets around the globe. Later this year, Vodafone customers in Australia, the Czech Republic, Egypt, Greece, Italy, India, Portugal, New Zealand, South Africa and Turkey will be able to purchase the iPhone for use on the Vodafone network.
Prices of the iphone in India and the other offer details are not yet made public by the mobile group. So keep hold of your finance and postpone your decision to buy a new mobile for a month or so, if you like to grap the new Iphone.
April 16th, 2008 — Results
Zee News has declared its results for the quarter ending March 2008. The company’s net profit rose 1065.65% to Rs 15.27 crore in the Quarter Ending March 2008 compared to Rs 1.31 crore during the Prev QTR YOY 2007.
Zee News Sales rose 59.69% to Rs 110.22 crore in the Quarter Ending March 2008 compared to Rs 69.02 crore during the Prev QTR YOY 2007.
For the financial year, net profit rose 304.93% to Rs 40.25 crore in the Yr 2008 compared to Rs 9.94 crore in the prev Yr 2007. Sales rose 51.79% to Rs 357.82 crore in the yearr 2008 compared to Rs 235.73 crore in the prev Year 2007.
April 16th, 2008 — Results
IT major Infosys Technologies has announced their fourth quarter finacial results for the year 2008.
For the quarter ended March 2008 (Q4), Infosys Technologies has posted net profit of Rs 1,249 crore versus Rs 1,231 crore in previous quarter and revenue at Rs 4,542 crore versus Rs 4,271 crore.
The companys operating profit rose 6.17% to Rs 1478 crore in Q4 March 2008 over Q3 December 2007. The core operating profit margin was 32.54%, slightly lower than 32.59% in Q3 December 2007.
Infosys has given guidance of a between 16.3% to 18.3% growth in earnings per share (EPS) to between Rs 92.32 to Rs 93.92 for the year ending March 2009 over the year ending March 2008. It has given guidance of a between 19.2% to 21.1% growth in revenue to between Rs 19894 crore to Rs 20214 crore for the year ending March 2009 over the year ending March 2008.
Highlights of Infosys Tehcnologies Results
Net profit of Rs 4659 crore as against Rs 3856 crore in FY07
Net sales at Rs 16692 crore versus Rs 13893 crore.
FY08 EPS stood at Rs 81.56 as against its guidance of Rs 81.07.
April 16th, 2008 — Allotment Status, IPO
Kiri Dyes and Chemicals IPO Allotment Status is ready . Kiri Dyes and Chemicals IPO opened on March 25, 2008 and closed on April 02, 2008. Overall the IPO was oversubscribed by 1.43 times and on the retail side by 2.3803 times .
Investors who have applied in Kiri Dyes and chemicals IPO can check the allotment status with the application numbers in hand at the link given below.
Kiri Dyes and Chemicals IPO Allotment
April 8th, 2008 — IPO, IPO Current Issue
Aishwarya Telecom IPO opens on 15th April, 2008 with an public issue of 52 lakh equity shares of Rs. 10 each to be issued at a premium of Rs. 32 on the lower end and Rs. 35 on the higher end. Aishwarya Telecom manufactures a wide range of Telecom Fiber Optic products and supplies to Bharat Sanchar Nigam Limited, Tata Tele Services, Bharati Telenet, HFCL public sectors defence sectors like ECIL in India. ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai. ATL manufactures products for Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators.
Aishwarya Telecom IPO Proceeds are planned to be used to :
Fund the Capital Expenditure for Research & Development of Main Frame Optical Time Domain Reflecto Meter (OTDR) in collaboration with IIT, Chennai;
Fund the Capital Expenditure for Research & Development of Ethernet Traffic Analyzers;
Fund the cost of Global System for Mobile Communication (GSM)/ General Packet for Radio Service (GPRS)/Code Division Multiple Access (CDMA) Analyzers for providing Technical Audit Services to the Mobile Operators;
Purchase land & construct building for new corporate, marketing, administrative and R&D office at Hyderabad;
Purchase land & construction of building for a new production unit at Hyderabad;
Aishwarya Telecom IPO Information
IPO Type: 100% Book Built Issue (Initial Public Offer IPO)
IPO Opens : April 15, 2008 to April 17, 2008
IPO Size: 52,00,000 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 32/- to Rs 35/-
Listing on : BSE, NSE
Lead Manager: SREI Capital Markets Ltd
Registrar: Big Share Services Pvt Ltd.
April 7th, 2008 — IPO, IPO Listing Date
Indore-based agro-company Sita Shree Food Products on Monday got listed at Rs 35 at the National Stock Exchange (NSE) with a premium of 16.66% compared to its issue price of Rs 30.
Within minutes of listing the scrip touched a high of Rs 43.40 and a low of Rs 33.95. Over 5 million shares exchanged hands at the NSE.
On the Bombay Stock Exchange (BSE) the company got listed at Rs 30 and hit a high of Rs 44.40. Here over 9.27 million shares were traded.
The scrip was last trading at Rs 42.90, up Rs 12.90, or 43% on BSE and at Rs 40.95 on NSE at 10:06 a.m.
April 7th, 2008 — Record Date, Rights Issue
United Breweries Rights Issue price has been fixed and announced by the company today to the exchanges. United Breweries earlier announced that the company will issue Rights Shares in the ratio of 1:9 (1 Rights share for 9 equity shares held) at the rate of Rs. 177 per equity share. United Breweries Rights issue Record Date has been fixed as April 21st , 2008. United Breweries is currently trading at Rs 189.15 on the BSE which indicates that the investors can buy the shares in the general market as there is no much difference in the rights price and the secondary market price.