Company Results Update Q2 2009-2010: PTC India (a  Public Sector Power trading company) announced average results in this quarter mainly due to higher tax payout. Company sold more than 80 crore  units of Power  this quarter. Despite average results, this power trading company is still a good conservative...

Canara Bank, one of the major South Indian banks,   announced good results this quarter beating the analyst expectations.  Canara Bank reported an increase of 15% in interest income and 70% growth in Net Profit. Net Interest income: 1314 crore Vs 1149 crore (15% up) Net Profit: 910 crore Vs 529 crore...

October 27, 2009 :: Daily Indian Stock Market News RBI lowered the economic growth projection to 6 per cent from the 6.5 percent projected three months ago. At the same time, the forecast on inflation based on the wholesale price index was raised to 3 percent, as against 1.6 percent estimated earlier. National...

Today I came across a nice article in Rediff Money that talks about the possible future direction for the Indian Financial Sector. The Article is titled What next for India’s financial sector? This article seems to be published taking the Extracts from S Guhan Memorial Lecture, Chennai, October...

Stock Market Updates SEBI approved a proposal from Stock Exchanges to increase the trading hours. Stock Exchanges can function from 9:00 AM to 5:00 PM (currently tradinging from 9:55 AM to 3:30 PM). Both Bombay Stock Exchange and National Stock Exchange will soon make announcements on implementation...

As we all know Gold has always been a safe asset class which provides a safe hedge against inflation pressures. But in the last couple years Gold has given exceptional returns as an asset class. Investing in Gold has been the best way to safeguard your investments against unstable financial markets....

Rakesh Jhunjhunwala is well known in the stock market world as India’s foremost stock market investor and trader and is often dubbed as India’s Wareen Buffet. Starting with a meager capital investment of Rs. 5000 he now controls stakes in many companies and is now one of the India’s...

As we are seeing the crash of US Dollar in the recent days, the question that pops up in so many investors want to know impact of the US Dollar crash. Many people seems to be simply underestimating the upcoming crisis in which the Dollar is going to play a critical role. It is now expected that Dollar...

Polaris Software announced disappointing results with a Net Profit of Rs 35.19 Cr, which means a 2.23% QoQ growth. But the Sales have gone down to Rs 338.30 Cr against Rs 351 Cr. last quarter. Prakash Industries announced 40% growth in its net profits which stood at Rs. 67.80 Cr for the quarter. But...

October 20, 2009 :: Daily Indian Stock Market News The Krishna-Godavary basin gas-supply dispute between RIL and RNRL comes to hearing from today onwards. RIL has been named as one of the top 25 global champions for the year 2009 as it gave good returns to investors amidst global economic slowdown. The...