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Top News

Crude won't see strong correction downward: Jason Feer Jason Feer, Vice-President and Singapore Bureau Chief, Argus Media feels that one is probably starting to see the impact of an easing in demand in crude, particularly
in the US. However, he sees an unexpectedly strong demand in India...

Market may see 4-5% bounce back in short term: Emkay

Anish Damani of Emkay Stock Brokers said that this years lows may be
retested but in the short term we may see a slight bounce back of 4%-5%.
He rues that, with SBI increasing their deposit rates, others may
have to follow suit ...

Money markets to take cues from oil, bond yields: HSBC

Anand Krishnamurthy, Co-Head (Global Markets), HSBC said as fresh rounds
of supply through oil bonds or government issuance comes through,
there will be pressure and the market will be unable to absorb it.
He added that...

Markets to stay lacklustre in short term: Deutsche AMC

Aniket Inamdar, Deuschte Asset Management Company is of the view that market
has factored in most negatives. He said that we can look at long-term investment
and compounded earnings growth of 15-20%. Market is likely to...

Stock in News

BHEL tumbles 3.5%
Cairn India loses further ground
Hindalco Industries among major gainers
More Stocks : Tata Motors | Axis Bk | Pyramid |
Jaihind | Ambuja | Suzlon Energy |

Stock Advice

DLF may slip to Rs 530-540: Gujral
Unitech has support at Rs 235-240: Mathew
Adlabs Films has support at Rs 590: Gujral
More Stocks : ACC | HPCL | SBI |
Aegis Logistics | Gati Corp | Bhushan |

IPO Corner

20 Micron plans Rs 40 crore public issue
Avoid Niraj Cement's IPO: Hem
Avoid Bafna Pharmaceutical's IPO: Hem


Market Interviews
Mkts may see March lows, but won't crash right now: Tata MF
Experts see rangebound, consolidating mkts ahead
Mkts seen consolidating around March levels

Market Analysis
Two simple habits to help you create wealth
Bullish on banks, cap goods in long-term: Birla Sun Life
Karnataka polls results send BF Utilities stock buzzing


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SHARE MARKET - FREE CURRENT STOCK NEWS

Stocks in news:

M&M, Tata Motors, Adani Ent, Britannia, Emami, Godrej Ind, Harrisons Malayalam, Hindustan Dorr-Oliver, ICRA, IOC, IVR Prime, IVRCL

* Infrastructures, JM Financial, Mundra Port, Pidilite Industries, Ucal Fuel

* Firstsource says no information regarding Warburg Pincus' plans to acquire majority stake in co

* Religare acquires 97.76% stake in UK broking firm Hichens

* Govt decides to lift ban on cement exports; shipments from Gujarat port only: PTI

* Deora to PM: Need for immediate hike in retail fuel price: PTI

* Jet Considering Surcharge For Check-in Luggage
Addl Revenue Sources Needed To Cut Losses Suffered By Airlines
US Airlines Considering Similar Charge

* Court Adjourns Himatsingka Seide Vs HDFC Bk Case On Derivative Losses
Himatsingka Seide-HDFC Bk Case Adjourned To Friday

* No Plan To Totally Lift Non-Basmati Rice Export Ban
May Allow 10,000-50,000 tonnes Rice Export As Food Aid
* Board meets:
Tata Motors to consider raising long-term funds

* Govt mulls 3-5% cess on income and corporate tax to fund oil subsidy
* BK Modi group set to reduce stake in Spice Tele, board meet on June 2 to consider complete exit or bringing in 3rd major investor- Etisalat - ET

* Tesco in talks with Wadias, Parsvnath for retail foray in India - ET

* Sesa Goa buyout under tax scanner, IT department issues notice to Vedanta seeking information - ET

* UP Govt rejects Lanco's bid for 2 power projects, seeks fresh global bids - BS

* Elecon Eng scouts for acquisition in Europe - BS

* Freight rates to US, Europe soar on rising crude prices - BS

* Jindal Steel & Power Q4
Net Sales : Rs 1522.97 cr vs Rs 1053.92 cr
Net Profit : Rs 390.33 cr vs Rs 202.77 cr

* EMCO Q4
Net Sales: Rs 342.2 cr vs Rs 251.68 cr
Net Profit: Rs 28.78 cr vs Rs 14.51 cr

* Gwalior Chem Q4
Net Sales: Rs 85.7 cr vs Rs 57.8 cr
Net Profit: Rs 7.4 cr vs Rs 4.9 cr

* Neyveli Lignite Q4 Standalone
Net Sales At Rs 801.74 Cr Vs Rs 350.23 Cr
Net Profit At Rs 384.68 Cr Vs Rs 26.40 Cr
Tax expense lower at Rs 13.6 cr vs Rs 111.4 cr
Index change: -MTNL to replace CBoP in CNX Midcap index

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BSE Notices
Uni Legwears
Uni Legwears India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2008, inter alia, to adopt the audited financial results for the year ended on March 31, 2008 and matters connected with ensuing annual general meeting. Further the Company has informed that the Board will also confirm the alteration of articles of association of the Company. Board of directors will also approve the process of postal ballot and matters connected therewith.


LN Polyesters
LN Polyesters Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2008, inter alia, to consider the following matters: 1. Approval of Un-audited Financial Results (Provisional) for the quarter ended March 31, 2008. 2. Issue of Equity Shares on Preferential Allotment Basis. 3. Convening Extraordinary General Meeting of the Members of the Company.


Sakuma Exports
Sakuma Exports Ltd has informed BSE that the Company will publish the audited results for the year ended March 31, 2008 within the prescribed time i.e. till June 30, 2008. Therefore, the Company is not publishing unaudited quarterly results for the quarter ended March 31, 2008.


Pearl Polymers
PEARL Polymers Ltd has informed BSE that the Board of Directors of the Company propose to take on record the Audited Financial Results of the Company for the Financial Year ended March 31, 2008 within 3 months of the end of the Financial Year and consequently, the Unaudited Financial Results for the Quarter ended March 31, 2008 shall not be taken on record.


Motilal Oswal Financial Services
Motilal Oswal Financial Services Ltd has informed BSE that 5,16,500 stock options granted by the Remuneration / Compensation Committee of the Board of Directors of the Company, in accordance with the provisions of various Employees' Stock Options Scheme of the Company, have lapsed.


Gujarat Fluorochemicals
Gujarat Fluorochemicals Ltd has informed BSE that the Company will publish Audited Financial Results of the Company for the quarter ended on March 31, 2008 within three months from the end of the last quarter.

Tata Consultancy Services
Tata Consultancy Services Ltd (TCS) has announced the following Audited results for the year ended March 31, 2008: The results for the Year ended March 31, 2008 The Company has posted a net profit after taxes of Rs 45087.60 million for the year ended March 31, 2008 as compared to Rs 37572.90 million for the year ended March 31, 2007. Total Income has increased from Rs 151565.20 million for the year ended March 31, 2007 to Rs 189796.70 million for the year ended March 31, 2008. The Consolidated results are as follows: The consolidated results for the Year ended March 31, 2008 The Group has posted a net profit of Rs 50260.20 million for the year ended March 31, 2008 as compared to Rs 42126.30 million for the year ended March 31, 2007. Total Income has increased from Rs 189142.60 million for the year ended March 31, 2007 to Rs 233494.50 million for the year ended March 31, 2008.


Suniti Commercials Ltd
Suniti Commercials Ltd has informed BSE that the Company will be publishing audited financial results within 3 months from end of the financial ended March 31, 2008. Hence, its will not publish un-audited financial results for the quarter ended March 31, 2008.


Navneet Publications
Navneet Publications India Ltd has informed BSE that the Company would submit audited results for the Financial Year ended March 31, 2008 within three months from the end of financial year ended March 31, 2008 i.e. by June 30, 2008. In view of the above, Company would not submit unaudited financial results for the last / 4th quarter ended March 31, 2008, in the month of April, 2008.

NSE Notices
Cinemax India
Cinemax India Limited has informed the Exchange that: "The Company has decided to publish the Audited Financial Results of the Company for the year ended March 31, 2008, within 3 months from the closure of the accounting year 2007-2008 i.e. June 30, 2008. In view of the above, the Company will not be publishing its Un-audited Financial Results for the quarter ended March 31, 2008."


Cranes Software International
Cranes Software International Limited has informed the Exchange that: "The Company will be publishing the audited results for the year ended 31st March, 2008 before 30th June, 2008. Hence, we will not be publishing the un-audited results for the quarter and year ended 31st March, 2008".

Reliance Industries
Reliance Industries Ltd has informed the Exchange regarding a media release dated April 21, 2008, titled "Record Turnover, EBITDA and Net Profit for the year; Highest Dividend Payout; Refinery and Oil & Gas Development Projects in Advanced Stages of Implementation". A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).


Tata Consultancy Services
Tata Consultancy Services Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 2286339 lacs for year ending on 31-MAR-2008 against Rs. 1868521 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 502602 lacs for the year ending on 31-MAR-2008 against Rs. 421263 lacs for the year ending on 31-MAR-2007.


Tata Consultancy Services
Tata Consultancy Services Limited has informed the Exchange that the Board of Directors at its meeting held on April 21, 2008, declared a final dividend of Rs. 5/- per equity share.


Tata Consultancy Services
Tata Consultancy Services Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 1853372 lacs for year ending on 31-MAR-2008 against Rs. 1493997 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 450876 lacs for the year ending on 31-MAR-2008 against Rs. 375729 lacs for the year ending on 31-MAR-2007.


Vimta Labs
Vimta Labs Limited has submitted to the Exchange the auditor's report in respect of the audited financial results for the year ended March 31, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server .

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