Tata motors Q1 profit down by 30%

Tata motors is one of the leading vehicle manufacturer.tata motors announced its first quarter results,net profit down by 30.13% in net profit to Rs 326crore in june quarter due to forex losses on its long-term loans and increase in the cost of raw materials.
Tata motors MD Ravi kant said,"The pressure from raw materials price raises has become very high.This year will be most challenging year forAutomobile industry.We have not increased prices earlier and the process will continue."
Q1 2007 gain:Rs 205.89 cr

Q1 2008 loss:Rs 199.88 cr

Banks hiked lending rates 50-100bps

Both public sector banks and private sector banks have increased the lending interest rate after Reserve Bank of India(RBI)announcent on tuesday. all the banks were upset,already some of the banks results were down, in indian stock market bank sector went down continuously.some of the banks already increased the lending interest rates and someof them are reviewing and they are are going to announce the new revised lending interest rates on thursday(July31).Among public sector banks Punjob National Bank(PNB) increased rates by 1%(100bps)and among private sector banks Axis bank increased its interest rates by 1/2%.

M&M JV WITH KINETIC MOTORS

one of the leading automobile and tractor major Mahindra&Mahindra(M&M)planning to enter into a two wheeler motorcycles segment. they alreadyhad a talk with pune based kinetic motor,finally M&M is buying the assets of kinetic motor for Rs 110 crore and M&M will hold 80% and theremaining 20% will be owned by kinetic motor company.The new company name is Mahindra kinetic scooters and motorcycles.

SEBI's new regulations towards ipo money

In most of the cases investors money is not refunded properly even after allotment of the shares.so lots complaints are there. to resolve this SEBI is planning to change the rules on IPO money. this will be helpful to retail investors.According to new rules companies have to collect the IPO money after allotment of the shares for retail and other investors,SEBI chairman Bhave said "we hope that the pilot projects will start by end of Augest month.If the pilot project succeeds then we will rollout all over the country" he said

What is there in Pilot project?
Three major things are there in this pilot project
1.Banks will be responsible to resolve the investors problems.
2.In case of failure of an issue,the bank will have to immediately release the block on receipt of request from the registrars.
3.Book running lead managers will have to intimate the issue opening date to Self-Certified Syndicate Banks(SCSBs) in writing.
Once this is stabilises institutional investors have to pay 100% amount,earlier it was 10%. This system is expected in this year end.

Bata India dividend details

Bata india ltd 75th Annual General Meeting(AGM) was held on july 19th.In that meeting they have discussed about the quarter results and oer all annual profit and about the future plans.Finally the director announced 20% dividend.those who had bata india ltd shares on may30, 2008 they are eligible for dividend.

Crompton Greaves first quarter results-Net profit of Rs 122.61cr

Crompton Greaves on july 27th announced a net profit of Rs 122.61 cr for the quarterended June 30,In the previous year quarter the companyhad net profit of Rs 89.9 cr in the first quarter of FY'08, compare to last year first quarter this time net profit up by 36%. Crompton Greaves(CG) reported a standalone net profit of Rs 88.9 cr in the first quarter, a 29.29% growth over previous year's profit of Rs 68.76 cr. Total income of the company rose to Rs 1,090.98 cr in the latest quarter, from Rs 908.66 crore in the same period in FY'08. today in BSE Crompton Greaves went up by around 10%.

why this downtrend happened in indian market?

1.Crude oil prices hit the record high and went upto $147.

2.US recession and Economy

3.INR vs $

4.Trust vote against UPA Government
Because of these four things Indian Stock Market was in downtrend continuously.US Recession is one of the major factor because most of the FII's started selling their whole position's to balance their losses happend in US,Due to heavy selling market went down automatically.while this is happening the domestic peoples also started selling because of panic.nowadays some of the FII's are there in indian stock market.but domestic big peoples are not playing in indian stock market.this is what the main reason for downtrend in indian stock market.

UPA government won-sensex up by 855 pts

Prime minister Manmohan singh's UPA government won the trust vote in the parliament on Tuesday parliment.After this today(july27) indian stock markets BSE sensex up by 600 points in opening.Among all the sectors especially bank,reality,power stocks taken up the market to high level.both FII's and domestic investors are participated actively in indian stock market after an long time.BSE’s Sensex closed at 14959.50, up 855.30 points or 6.06 per cent. It touched a high of 14,979.90 and low of 14,568.22. NSE’s Nifty ended at 4,481 up 5.68 per cent or241 points up.

Dividend of Rs 2.10 per equity share from Rajoo Enjineers Ltd

Rajoo Engineers ltd board of directors meeting held on june 30,2008,inthat they have recommended a dividend of Rs 2.10 (21%)per equity shareof Rs 10 each subject to the approval of shareholders in the AGM.

Dividend from Rapicut Carbides Ltd

Rapicut Carbides Ltd board of directors meeting will be held on july 30,2008,the following things they are going to discuss
1.Record and Approval of audited financial results for the year 2007-08.
2.To recommend dividend for the year ended March 31,2008&appropriation of profits.

Adarsh Derivatives-board Meeting on july 12,2008

Adarsh Derivatives-Board of Directors(BOD) Meeting on july 12,2008,In that meeting they are going to discuss about the followig things
1.14th Annual General Meeting Notice approval and Director's Report for the year ended March31,2008.
2.Preferential allotment of equity shares to promoters and non-promoters.

ipo closing & listing

First winner Ltd ipo listing on july 8th
Birla cotsyn(India)Ltd ipo closes on july 9th

steel prices went down by 10%

Retailers already announced a 10% cut in prices.but steel producers hada meeting with a steel secretary on 3rd july 2008.In that meeting they have decided to fix Maximum retail price(MRP) for traders and retailers.at present the rate was not constant for all traders and retailers.
JSW steel india vice chairman & MD,said,There is no transparentmechanism till date in most of the companies.steel authority has this mechanism where at the district level there have this MRP concept.So in today's discussion it came out clearly that we as an industry shouldhave MRP sort of a mechanism at the retail outlets from the small sellers.

Kingfisher is planning to buy 26% stake in spicejet

Kingfisher's vijay mallaya is planning to buy 26% stake in low cost airlines spice jet from two major share holders.vijay mallya is in talkwith the gulf countries based investor istithmar and the british person kansagra family,Each of them hold 13% in spice jet.mallaya is planning to spend $300 million in this deal.if the deal worked well means mallaya's kingfisher airlines will become top in the indian sky market.