Daily Stock Market News - Oct 15, 2009
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Oct 15, 2009 :: Daily Stock Market News
- L & T announced that it has bagged orders worth Rs.966 crore from Sterlite Industries, Uttar Pradesh Jal Nigam and Gujarat Water Infrastructure.
- In an attempt to catch up with rivals, RIL aims to buy a refinery or a chemicals unit before the end of the year in the US or Europe.
- Max India’s Analjit Singh is all set to become the biggest shareholder and vice-chairman of EIH founded by Oberoi family.
- Cairn India got a long term finanacial arrangement for $1.6 billion with a tenure of six years for funding its Rajasthan project.
- Rallis India (a Tata Group Agri business) reported 9.9% increase in its net profit at Rs 45.71 cr for the quarter ended September 2009. Net sales have increased to Rs 316.64 cr as against Rs 279.68 crore in the same period in the previous fiscal year.
- IndusInd bank announced outstanding results for Q2 of FY 2009-2010. The net profit and net income have been more than doubled backed by strong demand for corporate loans and fall in deposit rates.
- HDFC Bank reported a 30.2% increase in net profit at Rs 687 crore for the quarter ended September 2009 against Rs 538 crore in the corresponding period last year.
- NTPC has formed a 50:50 joint venture with Coal India for developing the Brahmini and Chichro Patsimal coal mine blocks in an attempt to meet the coal demand of NTPC’s Farakka and Kahlagaon expansion projects.
