HDFC Q3 Results rose up by 31%(Rs 1429.7 crore)

One of the blue chip company HDFC Bank Ltd, which is India’s one of the largest private sector bank announced their Q3 results on thursday. As per the data published the net profit in the 3 months ended 31st Dec 2011 rose 31% which is Rs. 1,429.7 cr, the major contribution towards this profit is from loans, fees and commissions.Earnings per share is calculated and it is Rs. 6.1 raised from Rs. 4.6 last year. HDFC Banks earnings beated the predictions which is around Rs. 1,380 cr net profit for the month ended December quarter.

Nippon life insurance MOU with Reliance Capital Asset Management

Nippon Life Insurance signed a memorandum of understanding (MoU) and acquired a 26% stake in Reliance Capital Asset Management (RCAM) for Rs 1,450 cr. Nippon life insurance is one of the Japanese company and this is the biggest foreign direct investment in the Indian mutual fund sector. Reliance Capital Asset Management is part of the financial services arm of Anil Ambani's Reliance Capital. According to a press release, this deal was taken place as per the suggestion by Morgan Stanley. The total value of Reliance Life Insurance is around $1.1 billion which is approximately 6.64% of Nippon life insurance's total assets This is one of the biggest deal taken place after two years in the Indian market.

Air India flight operations blocked

Air India flight operations are blocked due to strike by pilots and they reported sick as part of their 'work to rule' stir against the Air India's management failed to pay the salary and allowances for the past 5 months. So government started looking into this issue to resolve it as soon as possible.

More than 15 flights were cancelled due to the strike. the particular flights such as Nagpur, Ahmadabad, Chennai, Leh, Bangalore, Bagdogra, Amritsar and Kolkata were cancelled from Delhi after 22 pilots in the national capital reported sick, seven flights were cancelled from Mumbai due to this issue.

Protesting non-payment of their salary and allowances, a section of Air India pilots had yesterday decided to go on "no-pay-no-work" formula from Friday night.

Infosys Q3 results rose up 33%

India’s one of the largest software service based company Infosys announced its results on Jan12. As per the announcement the net profit for the third quarter ended Dec 31 rose to 23.72 billion rupees from 17.8 billion rupees which is 2011 Q3. All together the total revenue rose to 30.8% which 92.98 billion rupees.

Many brokerage firms have forecasted the net profit will be around 22 t0 23 billion rupees. It exceeded the expectations.Infosys is india's $76 billion IT services industry is driven by global demand for outsourcing and competing with Accenture and IBM for contracts to maintain new software services projects.

Jan11th 2012 sensex-nifty status

For the past three days market was trading in the positive trend. Yesterday it raised more than 2% and today Indian market ended in a flat position. During closing Nifty up by 11.40 points (0.24%) at 4,860.95 and the Sensex ended up 10.77 points or 0.07 per cent at 16,175.86. This is one of the fluctuating trading session in which the market was going up and down many times and ended up in a flat level. As of now there is no good or bad news which can significantly affect Indian stock market.
This volatile trading session may be good for the people those who are doing day trading and they can make good profit as the stocks were going up and coming down frequently in a day again which is highly risky.
The Top gainers in the market are as follows
Sesa Goa, Sterlite, Axis Bank, Hindalco, BPCL
The following are the top losers today
Jindal Steel, PowerGrid, Grasim, TCS, Cipla

Current status of satyam issue

Satyam Computer Services which is presently known as Mahindra Satyam, is exercising care on damages claimed in a suit filed against its previous board of directors, certain workers and audit firm PWC to stay away from paying a higher non-refundable court fee initially. As per the sources, the company has to pay 1% of the total costs claimed in the petition as court fee and in future, it may look for more damages (costs) once they settle all the issues. The total claim will assume meaning once the trial against ex-chairman B. Ramalinga Raju and others in a local court is done with the trials. If the justice goes against the accused, the compensation claim will have more strength, sources explained.

"1% becomes big if the damage runs in to 1000 crores. It is not wise to pay such amount initially as the company is yet to make payments in different issues that the company agreed to settle," sources told Press folks

New Website for Mutual Funds by BSE

BSE Ltd and Morningstar India came up with collaboration , launched a exclusive website to help investors with relevant information and tools on mutual fund investment opportunities in india.BSE STAR MF(Mutual Fund) is the BSE's exchange traded mutual fund transaction platform and allows subscription and redemption in 29 Mutual funds in the industry. Lot of people have invested on Mutual funds and they don't have a centre place to get any info and growth and investment oppourtunities in mutual fund industry.These partner mutual funds on BSE StAR MF together account for around 92% of the industry's Assets Under Management (AUM). In this exchange traded mutual fund field,there is a need for a dedicated website for investors that would not only provide insights of Mutual funds to the common investor but it would also provide analytical tools used internationally, which will be useful for the investers to monitor mutual fund investments and future views etc..

The URL of the website is

At the launch, BSE MD & CEO, Mr. Madhu Kannan, said, "We have been receiving good response to our Mutual Fund Platform - BSE StAR MF, which has a dominant market share in the exchange traded Mutual Fund space and hence felt the need to help various stakeholders that include our members, distributors and investors by giving them access to international quality research tools to improve the quality of their advisory decisions. We hope that this valuable facility empowered by Morningstar will be used extensively for more informed and smart investing."

Mr. Aditya Agarwal, MD of Morningstar India, said "We are delighted to be associated with BSE in this initiative of providing advisors and investors with high quality research and analytical tools on mutual funds. At Morningstar, we are always looking for ways to provide investors with information to help them make informed decisions, and the launch of this website is a step in this direction. The website would provide rich content to the users and would make available our proprietary data points, including our style box, star ratings and analyst ratings.”

Maruti unveiled ERTIGA Multi Purpose Vehicle(MPV)

One of the car market segment leader Maruti Suzuki India Ltd unveiled india’s first Multi Purpose vehicle (MPV) on Jan 6th 2012. Its named as “ERTIGA” it’s very compact and easy to park, stylish, sporty with an elegant appearance. One of the key factors for the success of the Ertiga will be its fuel efficiency and Maruti is claiming a mileage figure of 16kmpl for the petrol and 20kmpl for diesel. While the actual figures may be little lesser these are still commendable figures for a vehicle of its size.

The quality and interiors are great which will attract customers for sure. Both Petrol and diesel versions are available. The Ertiga is launched in india with an aim to introduce a new market with 3 row new models of vehicles. It offers a three row flexi seating options for 7 persons with high storage space. Maruti have announced that they will be launching the Ertiga by the end of March 2012 or April first week.

This will be one of the key for maruti as they don’t have one as of now. May be we can expect a growth in this new car segment which will help them to show good results in the upcoming quarter’s.


26th jan thursday Republic Day
20th Feb Monday Mahashivrathiri
8th Mar Thursday Holi
5thApr Thursday Mahavir Jayanthi
6thApr Friday Good Friday
1stMay Tuesday Maharastra Day
15thAug Wednesday Independence Day
20th Aug Monday Ramzan
19thSep Wednesday Ganesh chathurthi
2ndOct Tuesday Gandhi Jayanthi
24thOct Wednesday Dussera
26thOct Friday Bakrid
13th Nov Tuesday Diwali-Laxmi pooja
14th Nov Wednesday Diwali
28th Nov Wednesday Gurunanak Jayanthi
25th Dec Tuesday Christmas

TCS Board of Directors meeting -17th jan 2012

Tata Consultancy Services Ltd is planned to have their Board of Directors Meeting on January 17,2012 and informed the same to Bombay Stock Exchange(BSE). The main objective of that meeting is to approve and release the audited financial results for the quarter and 9 months ended December 2011 and to decide and declare the 3rd interim dividend to the shareholders

Script code: 532540
Price: 1171.35 (As on Jan 6th, 2012)

Goodwill Hospital & Research Centre Ltd IPO

Company Name: Goodwill Hospital & Research Centre Ltd
Issue Opens on: Dec 30, 2011
Issue Opens on: Jan 09, 2012
Issue Size: Equity of Rs. 10
Total Issue Size: Rs. 62.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 175 - Rs. 185
Minimum Order Quantity: 1 lot (35 shares)
Listing At: Bombay Stock Exchange(BSE) and National Stock Exchange