The bank had posted a consolidated net profit of Rs 1,149 crore (Rs 11.49 billion) for the same quarter last fiscal, ICICI said in a filing to the Bombay Stock Exchange.
A study of 435 companies listed on the Bombay Stock Exchange, which provide their capital-employed data on a quarterly basis, shows capex grew by a meagre 3.4 per cent in the nine months ending December 2009, compared to the level in March 2009.
Several markets, including the foreign exchange and all the commodity markets will remain closed on Thursday, March 30, on account of Gudi Padwa.
Private fund house Citigroup Global Markets (Mauritius) has hiked its stake in India Infoline, a stock brokerage firm, to 8.42 per cent after buying shares totaling Rs 1,424.17 crore through an open market transaction.
Trading would be conducted during normal hours.
On the last day of Satyam's stint in India's benchmark indices - the Bombay Stock Exchange Sensex and the National Stock Exchange S&P CNX Nifty - its shares turned out to be a punter's delight.
The National Stock Exchange on Wednesday removed Satyam from its benchmark index Nifty and the IT firm will be replaced by Reliance Capital with effect from January 12.
"The acquisition will enable us to step up our strategic initiative in the CRAMS segment," Lupin Chairman Desh Bandhu Gupta said.
The National Stock Exchange index Nifty gained 3.75 points at 4,572.30. It touched the day's high of 4,596.75 and a low of 4,528.50 points. Among the 30 Sensex stocks, 14 closed with losses while 16 gained. Overseas funds bought stocks of a net $146.6 million on July 23, taking total investments in equities this year to $6.57 billion.
The market capitalisation (m-cap) of nine of the country's top-10 firms diminished by Rs 67,964.18 crore during the week, with oil and gas major ONGC bearing the maximum brunt.
The government holds 89.5 per cent stake in NTPC and it plans to dilute five per cent stake constituting 41.22 crore (412.2 million) shares through its proposed FPO.
Private sector carrier Jet Airways on Tuesday said it has entered into an agreement with the US-based United Airlines for codeshare and frequent flier programme benefits for their customers.
The Bombay Stock Exchange will hold muhurat trading session for Samavat 2060 on October 25, 2003.
The 50-share National Stock Exchange index Nifty rose 124.85 points to 4,523.75. It touched the day's high of 4,532.40 and a low of 4,405.95. Major gainers that supported the Sensex were Reliance Industries, Infosys Technologies, ICICI Bank, ITC Ltd and Maruti Suzuki. All the five carry nearly 34 per cent weight on the index.
The NSE Nifty ended at 4,399, down 70 points. Good first-quarter results by India's electric equipment maker BHEL and the third-largest software exporter Wipro did not impact the market.
Banking, realty and capital goods sectors-- the sectors which are more interest sensitive and hence battered for long now--were the winners today.
In a filing to the Bombay Stock Exchange, the Vijay Mallya-led firm said its board would meet on July 28 to 'consider issue of further share capital up to Rs 500 crore and matters consequential thereto'.
MD V Mahadevan said, "Our offtake has reduced in line with declining demand from automobile majors since all of them are closed for the Christmas and New Year holidays. We have also decided to increase the number of holidays at our three units, which would be 5-6 days in a month. Asked whether it would be paid holidays, Mahadevan said, "Workers will be paid according to the law."
Earlier this week, Bosch had said it would temporarily stop producing auto parts in India as part of its global working hours rationalisation programme due to the slowdown in international markets. The company is also closing down temporarily the manufacturing activities of starters and generators at its Naganathapura plant from December 19-31.
The Vijay Mallya-promoted private airline also reported a decline in its income from operations at Rs 1,352.45 crore (Rs 13.52 billion) for the December quarter, from Rs 1,447.83 crore (Rs 14.47 billion) in the same period previous fiscal.
Whether it was scams or the threat of recession, the market survived everything with aplomb.
IT firm Wipro Ltd on Wednesday reported 21.26 per cent growth in consolidated net profit at Rs 1,217.4 crore (Rs 12.174 billion) for the third quarter ended December 31, 2009.
Wind energy major Suzlon Energy on Friday said its group firm in Spain has entered into a pact with EUFER to supply wind turbines to Spain and Portugal.
The warrants will be converted into an equal number of equity shares at Rs 928.89 a piece, aggregating Rs 3,984.93 crore (Rs 39.84 billion). As in the March quarter 2009, AAA Project Ventures held 83,498,937 shares, representing a 36.88 per cent stake in the company.
It has signed a strategic alliance with the arm of global miner Rio Tinto for increasing its presence in India and abroad, NALCO said in a filing to the Bombay Stock Exchange. The agreement signed on Friday in Bhubaneswar, facilitates both companies to share information for identifying potential to create value for both the organisations, the filing added.
Infrastructure Development Finance Company Ltd managing director and chief executive officer Rajiv B Lall has sold 4.50 lakh (450,000) shares of the company for over Rs 6.3 crore (Rs 63 million) in an open market transaction.
According to S P Prabhu, higher government spending will lead to an increase in consumption, ultimately acting as a growth trigger. "The share market was expecting a lot of sops, concessions for the industry, which has not come out in the budgetary proposals. In fact, the minimum alternate tax has increased (from 10 per cent to 15 per cent). That's also the reason for the market sentiment to go down," he laments.
Global security, safety and life-support solutions provider Micro Technologies on Wednesday said it has cut its prices by up to 30 per cent across a varied range of security products to capitalise on the enhanced demand for security devices.
Block deal transactions by foreign institutional investors registered a significant fall in October and November. The decline was mainly because of major deal makers cashing out of the equity market to make good their mark-to-market losses and meet redemption pressure.
'Hackers from China and UK were involved in the October 12 power outage,' Maharashtra power minister tells Rediff.com.
Indian stocks have emerged as the best performers among those in the emerging and the developed markets across the globe so far this year, giving investors the highest return of nearly 60 per cent.
The property development division would build the integrated commercial complex at Seawoods railway station, Navi Mumbai over 40 acres of land. The proposed project is expected to be completed over the next five years, the company added. Once this project is commissioned, L&T would develop in-house capabilities to build and operate such transit oriented developments around railway stations.
At least four top brokerages -- Religare Enterprise, Edelweiss Capital, Emkay Shares and Stocks and Modern Securities -- have delayed their fourth quarter results.
'Z' category security is being provided at the Bombay Stock Exchange, Asia's oldest stock exchange, after the financial capital was hit by the worst ever terror attacks on the night of November 26.
Stock and other financial markets are likely to resume trading today, after a day, as these were shut in the wake of deadly terrorist attack in Mumbai.
For starters, the morning meetings at brokerages have been advanced to 8-8.15.
Real estate firm Parsvnath Developers on Monday said its shareholders have approved raising up to Rs 2,500 crore (Rs 25 billion) through issue of securities and to increase the foreign investment limit in the company by up to 40 per cent.
Despite the domestic factors like elections triggering the rally in the market, it is likely to be dominated by global dynamics, the report stated. Further, the country is at a significantly superior growth and risk category relative to its past cycles or competing global investment destinations, it added.
HCL Technologies Ltd said on Tuesday its wholly-owned subsidiary HCL Australia Pty will enter into a partnership with La Trobe University, Australia, on Wednesday to work together on issues of mutual interest. \n
Patni Computer Systems Ltd on Monday said it would raise up to $150 million additional capital by the issue of American Depository Receipts.
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