Posted by Yogesh on Wednesday, 30 July, 2008
By Vikram Murarka
The RBI has been working on the introduction of Rupee Futures for some time now. A chronology of the various reports submitted by the RBI’s working groups over the past year or so, is given at the end of this article.
The latest in the series of reports is the “Report of the RBI-SEBI Standing Committee on Exchange Traded Currency Futures”. It is widely believed that the RBI was prompted to take this step after the Dubai Gold and Commodity Exchange (DGCX) started trading Rupee Futures in June 2007. Read the rest of this entry »
Posted in Article | Tagged: Rupee futures, Rupee vs Dollar | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – India’s Sun Pharmaceutical Industries Ltd. said it received final approval from U.S. Food and Drug Administration (FDA) for its abbreviated new drug application for the generic version of anti-seizure drug Depakote.
These generic versions of divalproex sodium delayed release 125 mg, 250 mg and 500 mg (valproic acid activity) tablets are bio-equivalent to Depakote delayed release tablets distributed by Abbott Laboratories.
These strengths of Depakote delayed release tablets have annual sales of around $750 million in the U.S., and these products will reach market shortly, Sun Pharmaceutical said. Source CNBC
Posted in Corporate News | Tagged: Depakote, Sun Pharma | 2 Comments »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI, July 30 – India’s Zee Entertainment Enterprises Ltd said on Wednesday it has decided not to go ahead with a proposal to buy back shares. Source Reuters
Posted in Corporate News | Tagged: Zee | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
NEW DELHI, July 30 – India’s Reliance Industries plans to test-run its huge new refinery by September, a little later than expected, and has started filling its tanks with extra Saudi crude oil, a top company official told Reuters.
Oil traders are counting down the days to the commissioning of the 580,000 barrel-per-day plant, which Read the rest of this entry »
Posted in Corporate News | Tagged: Reliance Industries | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – India’s Subex Ltd. said its revenue for the first quarter rose to 1.36 billion rupees ($32.66 million) from 1.32 billion a year earlier ($31.63 million).
For the quarter ended June 30, 2008, the vendor of operations support software to telecom operators reported an operational profit of 16.94 million rupees ($400,000).
“Starting from the first quarter, we expect to improve our profitability consistently,” said founder and chief executive Subash Menon. Source CNBC
Posted in Financial Result | Tagged: Subex | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – India’s Puravankara Projects Ltd. said first-quarter consolidated net profit rose 41 percent to 618.9 million rupees.
In a regulatory filing, the real estate developer said net sales for the April-June quarter were 1.58 billion rupees. The company also said the area under development has increased to 20.1 million square feet and the present land bank stands at 125.4 million square feet. Source CNBC
Posted in Financial Result | Tagged: Puravankara | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – India’s Tata Communications Ltd. on Wednesday said its April to June standalone net profit dipped 5.4 percent to 983.4 million rupees from 1.04 billion rupees in the corresponding quarter a year ago.
In a regulatory filing, the company said its standalone net sales for the quarter dropped 14.4 percent to 8.63 billion rupees. Source CNBC
Posted in Financial Result | Tagged: Tata Communications | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – State-run oil refining and marketing company Indian Oil Corp. said first-quarter net profit fell to 4.15 billion rupees from 14.68 billion a year earlier.
For the quarter to June 30, the company’s net sales rose to 744.96 billion rupees from 528.62 billion rupees. Source CNBC
Posted in Financial Result | Tagged: Indian Oil | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – India’s Calcutta Electric Supply Corp. Ltd. said first-quarter net earnings rose 14.6 percent to 940 million rupees from 820 million rupees in the same quarter, a year ago.
In a regulatory filing, the RPG Group company said first-quarter net sales increased 9.2 percent to 7.83 billion rupees from 7.17 billion rupees in the first quarter of previous year. Source CNBC
Posted in Financial Result | Tagged: CESC | Leave a Comment »
Posted by Yogesh on Wednesday, 30 July, 2008
MUMBAI (Thomson Financial) – India Cements Ltd. Wednesday said its first-quarter net profit fell 22.4 percent to 1.42 billion rupees from the corresponding period a year ago.
The company said first-quarter revenues rose 17.1 percent to 9.74 billion rupees. Source CNBC
Posted in Financial Result | Tagged: India Cements | Leave a Comment »
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