Market Buzz: 23/01/2012

Market Buzz

  • RIL Q3 net down 14% at Rs 4,440 cr.
  • Godrej Consumer Products Ltd said Singapore’s Temasek will invest Rs 685 crore in the company.
  • United Spirits Ltd posted a net profit of Rs 47.06 crore, down 62% from Rs 123 cr in the same period last year.
  • Asian Paints has posted a consolidated net profit of Rs 257 crore for the quarter ended December 31, 2011, up 16.81% from Rs 220 crore in the corresponding period of the previous year.
  • Ultratech Cement posted a nearly two-fold jump in net profit at Rs 617 crore for the October-December quarter this fiscal.
  • L&T is expecting a 10% growth in sales from its electrical and automation business in the next financial year.
  • SAIL is set to pump in Rs 72,000 crore to raise production from 14 million tonnes per annum to 24 million tonnes in two years.
  • Coal India Ltd may review prices under new norm.
  • Telecom Department seeks Tatas shareholding record in Idea.􀀹
  • The government plans to come out with two initial public offers — RINL and NBCC– to raise about Rs 3,000 crore in the current fiscal itself as part of its efforts to garner funds.
  • Refined copper imports by China surged to a record in December, narrowing the second annual decline, as consumers built inventories ahead of a seasonal increase in demand.
  • European officials will forge ahead today with crafting a long-term plan to tackle the region’s debt crisis, as banking and government negotiators continue trying to reach an agreement that will lighten Greece debt burden.

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