India Inc as a whole has recorded a 62 per cent rise in net profit and 310 basis point rise in margins.
This metro line would be a 33.65-km rail link between Bangalore City Centre and Bangalore International Airport.
A total of 635 companies have declared their third-quarter results and reported 22 per cent rise in revenue and 47.3 per cent growth in net profit on an average.
QIP is a capital raising tool, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants that are convertible to equity shares to a Qualified Institutional Buyer.
Bharti Airtel and Larsen & Toubro may have struck a jarring note by turning in disappointing results, but India Inc as a whole has done fairly well so far in the third quarter ending December 2009.
Mumbai-based Gammon Infrastructure wishes to buy stakes in international airport projects. The company is already in talks with companies that have won such projects in developing economies. "We expect the first such deal to close in six months," said Managing Director Parvez Umrigar.
The managers see Sensex trading at a P/E of 16.
Anil Dhirubhai Ambani Group company Reliance Infrastructure (R-Infra) will soon be the official owner of the second phase of the Mumbai Metro project. The state government and the company will sign a concession agreement for the Rs 11,000-crore (Rs 110 billion) project on Thursday, according to sources.
Manufacturing sector suffers from project delays, lack of fresh capital.
Sales are expected to grow at an average of 14 per cent on the back of a strong show from automobiles, auto ancillaries, construction, capital goods, metals, refineries, metals and sugar.
The BSE metal index tops the sectoral gainers list with an appreciation of 233 per cent.
This year was the best since 1991, with benchmark indices rising over 100 per cent from their March lows.
India Inc could set a new fund-raising record in 2010. Even before the year starts, companies have lined up equity raising plans of Rs 1,50,000 crore, close to two-and-a-half times of what they raised through share sales this year.
The number of FIIs registering with Sebi this year touches six-year low.
The reason is obvious: Both the benchmark indices have almost doubled from their March 2009 levels. The reasons for the stake sales vary from meeting their company's working capital requirements to debt repayment. A few did so for business expansion.
India Inc is likely to post a whoping 63 per cent growth in net profit in the second quarter, thanks to four oil marketing companies which are expected to post a combined net profit of Rs 2,730 crore (Rs 27.30 billion) in the quarter ended September.
India Inc's order book has more than doubled to an all-time high of Rs 73,320 crore in the second quarter of the current financial year, compared to the first quarter.
The morning doesn't always show the day. After the early birds surprised many with their decent increase in net profits, a detailed analysis of the performance of 2,088 manufacturing and services sector companies (excluding banks and finance firms) shows that net profit has indeed gone up -- but only just.
From a single private firm with a Rs 1,000-crore (Rs 10 billion) net profit, there are 28 such companies now.
Operating margins improve, but sales still sluggish
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