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Edelweiss Capital informed the results for quarter ending june 2008.It has posted net profit of Rs 63.7 crore for the qtr end June 2008 as against Rs 82.55 crore in previous quarter. Edelweiss Capital Q1 net sales at Rs 159 Cr Vs Rs 404.8 Cr (QoQ).The Profit is also ok considering the market sentiment , the sales figure is the one which is bothering .
HSBC will acquire 73.21% IL&FS Investsmart. HSBC proposes to acquire a 43.85% from e*trade Mauritius and 29.36% IL&FS. HSBC will also make open offer to acquire up to 20% remaining shares in Investsmart at Rs 200/share, which comes at $ 241.6 million which is like almost 1000 crore.HSBC will pay IL&FS Rs 82 crore as a part of 3 year non-compete agreement.
Geojit Financial Services showed a Net Profit raise of 25.08% to Rs 7.63 crore in the march 2008 end qtr compared to same YOY qtr of rs Rs 6.10 crore .But Sales saw a good increase of 83.43% to Rs 49.36 crore vs 26.91 crore.
For the full year, net profit rose 128.22% to Rs 48.04 crore 2008 as against Rs 21.05 crore during the previous year ended March 2007. Sales rose 82.16% to Rs 190.87 crore in 2008 as against Rs 104.78 crore during the previous year ended March 2007.
| Religare Enterprises Ltd has informed the market that AEGON Religare Life Insurance Company Ltd , which has formed as a joint venture between AEGON, one of the world’s largest life insurance and pension Companies and Religare itself .Theyhave also received the initial approval - R1 license, from the Insurance Regulatory & Development Authority (IRDA) to operate in the Life Insurance space. So there is two more process to get registered itself. |  |
Religare Enterprises reports net profit of Rs 2.24 crore in the Qtr of Dec 2007. Sales reported at Rs 5.19 crore in the Qtr of Dec 2007.
Indiabulls Financial Services rose 189.67% to Rs 105.15 crore in qtr Dec 2007 as against Rs 36.30 crore in qtr Dec 2006. Sales rose 374.15% to Rs 326.74 crore in qtr Dec 2007 as against Rs 68.91 crore in qtr Dec 2006.
Geojit financial declares Net profit which increased by whooping 307.96% to Rs 18.97 crore in the QTR End Dec2007 as against Rs 4.65 crore during the previous QTR End Dec2006. Sales rose 145.25% to Rs 69.70 crore in the QTR End Dec2007 as against Rs 28.42 crore during the previous QTR End Dec2006.
ICICI bank had a analyst meet on monday and almost all the big guys like Meryll Lynch , Edelweiss and other brokers whr there for the meet , There ICICI informed analysts and whats happening in all of the subsidies like ICICI Lombard General Insurance, ICICI Pru Asset Management, ICICI Securities, ICICI Venture and infromed that they want to sell some equity in ICICI securities , So this will be the first IPO to hit the Primary market from the Exisiting Subsidiary cradle , Infact i saw in Moneycontrol that they have priced the ICICI securities value at 85 to 90 rs putting up a whole value of 1.9 Billion US dollars.
Indiabulls Financial Services is trading at Rs 729 post demerger of Securities business the base price was set at 595 rs and it has already hit the upper cirucit and there are lot of orders pending to be traded.
India Infoline - Orient Global Invests Rs 555 crores (approximately USD 141 million) in the Company and its Insurance Subsidiary subject to shareholder and other approvals, if any. Orient Global will acquire 3.7 million shares in India Infoline Ltd representing 6.48% of the current equity capital.
Indiabull Wholesale Services Ltd (IWSL), is proposing to make an open offer under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 for Piramyd Retail Ltd, a retail Company, wherein IWSL is proposing to acquire 63.92% of the equity share capital of Piramyd Retail Ltd from the existing promoters pursuant to which IWSL shall make an Open Offer to the public shareholders of Piramyd Retail Ltd to acquire up to 20% of the fully diluted voting capital of the Target Company at an offer price of Rs 74.73 per share / stock option.Pyramid retail is already at its 52 week high today and it was just 47 rupees month back and now tradin at 110 to 120 rs range.
Religare Enterprises ends with 182% premium At Rs 521.70 on BSE a premium of 182% over IPO price of Rs 185.The stock debuted at Rs 323.75, a premium of 75% over the IPO price. It touched a high of 600 and a low of 323.75.
Reliance Capital Ltd has posted a net profit after tax of Rs 2012.80 million for the quarter ended September 30, 2007 as compared to Rs 1671.50 million for the quarter ended September 30, 2006. Total Income has increased from Rs 2228.40 million for the quarter ended September 30, 2006 to Rs 3912.70 million for the quarter ended September 30, 2007.
Indiabulls Financial Services Ltd has received a letter from MMTC
dated October 23, 2007 where MMTC has stated that Govt of India,
Ministry of Commerce & Industry has approved the proposal of MMTC
for setting up of a multi commodities exchange in partnership with the
Company. For the purpose of setting up the multi commodities exchange
a SPV will be formed where MMTC will hold a 26% stake and the Company
will hold 74% stake. The equity capital of the SPV will be Rs 100 crores
and two shareholders in the SPV, MMTC and the Company will invest their
share of equity capital in the SPV on pro rata basis.
Geojit Financial has declared its Q2 results. The company registered net profit at Rs 10.5 crore versus Rs 5.72 crore.Total income rose 192% to Rs 437.50 million for the quarter ended September 2007 from Rs 226.80 million for the same period, last year.