Punjab National Bank, PNB net up 18.6% on interest income, Latest Stock Price

Punjab National Bank, PNB net up 18.6% on interest income, Latest Stock Price



Punjab National Bank (PNB) on Wednesday reported a 18.6 per cent rise in net profit to Rs 1,424 crore for the quarter ended March 31, against Rs 1,201 crore in the fourth quarter of the previous year. The increase came on account of a rise in interest income and lower provisioning during the quarter.

Total income increased by 27.6 per cent to Rs 10,956 crore in the January-March quarter from Rs 8,585 crore in the year-ago period. The country's second largest state-run lender saw its Q4 operating profit grow 17.1 per cent to touch Rs 2,936 crore, compared with Rs 2,508 crore in the corresponding period of 2010-11.

 LATEST STOCK PRICE  

Arvind Q4 for 2011-12 profit up 6%, Latest Stock Price

Arvind Q4 for 2011-12 profit up 6%, Latest Stock Price



Textile maker Arvind Ltd on Wednesday said its fourth-quarter net profit rose 5.8 per cent to Rs 66.7 crore, from Rs 63 crore in the corresponding period of 2010-11. Net sales advanced to Rs 1,272.5 crore from Rs 1,191.78 crore, the company said in a filing to the Bombay Stock Exchange (BSE). For the year ended March 31, 2012, the company posted a net profit of Rs 435.87 crore, against Rs 164.87 crore in 2010-11. The company board recommended a dividend of 10 per cent (Rs 1 per share of Rs 10 each) for 2011-12. On a stand-alone basis, the company posted a net profit of Rs 62.5 crore for the quarter, against Rs 56 crore a year earlier.

 LATEST STOCK PRICE  

Indian Overseas Bank, IOB net profit rises 22% to Rs 529 crore for 2011-12, Latest Stock Price

Indian Overseas Bank, IOB net profit rises 22% to Rs 529 crore for 2011-12, Latest Stock Price


Indian Overseas Bank (IOB) has posted an increase of 21.76 per cent in net profit at Rs 528.81 crore for the quarter ended March 31, against Rs 434.29 crore registered during the year-ago period. Total income stood at Rs 5,416.09 crore for the quarter ended March,compared with Rs 3,916.58 crore posted for the corresponding period of last year, an increase of 38.29 per cent.

The total business for 2011-12 grew to Rs 3,21,707 crore from Rs 2,59,020 crore during the previous year. The net non-performing assets (NPA) stood at Rs 1,907.44 crore,as against Rs 1,328.42 crore as on March 31, 2011, with net NPA ratio of 1.35 per cent and 1.19 per cent, respectively.

 LATEST STOCK PRICE 

Cipla Q4 up 36% for 2011-12 at Rs 292 Crore, Latest Stock Price

Cipla Q4 up 36% for 2011-12 at Rs 292 Crore, Latest Stock Price



Cipla  Ltd on Thursday reported a net profit of Rs 292 crore for the quarter ended March 31, compared to Rs 214 crore, a rise of 36 per cent. Gross revenue grew by 12 per cent to Rs 1,890 from Rs 1,687 crore.

Domestic revenue grew by 15 per cent to Rs 855 crore from Rs 652 crore, on account of growth in anti-asthma, anti-biotics therapy segments.

 LATEST STOCK PRICE 

Indian Overseas Bank, IOB net profit rises 22% to Rs 529 cr in 2011-12 from Rs 434 cr in 2010-11, Latest Stock Price

Indian Overseas Bank, IOB net profit rises 22% to Rs 529 cr in 2011-12 from Rs 434 cr in 2010-11, Latest Stock Price



Indian Overseas Bank (IOB) has posted an increase of 21.76 per cent in net profit at Rs 528.81 crore for the quarter ended March 31, against Rs 434.29 crore registered during the year-ago period. Total income stood at Rs 5,416.09 crore for the quarter ended March,compared with Rs 3,916.58 crore posted for the corresponding period of last year, an increase of 38.29 per cent.

The total business for 2011-12 grew to Rs 3,21,707 crore from Rs 2,59,020 crore during the previous year. The net non-performing assets (NPA) stood at Rs 1,907.44 crore,as against Rs 1,328.42 crore as on March 31, 2011, with net NPA ratio of 1.35 per cent and 1.19 per cent, respectively.

 LATEST STOCK PRICE

Bank of Maharashtra (BoM net profit up 4.93% for 2011-12, from Rs 69.41 Crore to Rs 72.83, Latest Stock Price

Bank of Maharashtra (BoM net profit up 4.93% for 2011-12, from Rs 69.41 Crore to Rs 72.83, Latest Stock Price



State owned lender Bank of Maharashtra (BoM) has reported a net profit of Rs 72.83 crore for the year ended March, compared with Rs 69.41 crore in 2010-11, a rise of 4.93 per cent.
Total income for the quarter grew 21.65 per

 LATEST STOCK PRICE

Vanya Mishra crowned Pantaloons Femina Miss India (PFMI) World 2012

Vanya Mishra crowned Pantaloons Femina Miss India (PFMI) World 2012



Jalandhar girl Vanya Mishra was Friday crowned Pantaloons Femina Miss India (PFMI) World 2012 title at a gala event.

She will represent India at the global pageant later this year.

Rochelle Maria Rao from Chennai won the title of Miss India International, while Prachi Mishra from Pune is Miss India Earth.

The winners were decided by a jury panel that comprised of actresses Sonam Kapoor and Sonali Bendre; filmmakers Ekta Kapoor and Rohit Shetty; cricketer Harbhajan Singh; designer Raghavendra Rathore; singer Sonu Niigaam and TV actress Sakshi Tanwar. They picked up the best three out of 20 contestants.

The all new Maruti Swift Dzire at Rs 4.79 lakh including the 1.2 L petrol in four variants and a 1.3 L Swift Dzire diesel in three variants.

The all new Maruti Swift Dzire at Rs 4.79 lakh including the 1.2 L petrol in four variants and a 1.3 L Swift Dzire diesel in three variants.


Maruti Swift Dzire compact sedan was launched in New Delhi in all seven variants -- including the 1.2 L petrol in four variants and a 1.3 L Swift Dzire diesel in three variants.



Maruti Swift Dzire price starts at Rs 4,79,000 for the base petrol variant.

New Dzire prices:

Maruti Swift Dzire LXi - Rs 479,000

Maruti Swift Dzire Vxi - Rs 532,000

Maruti Swift Dzire Vxi Auto - Rs 654,000

Maruti Swift Dzire ZXi - Rs 619,000

Maruti Swift Dzire LDi - Rs 580,000

Maruti Swift Dzire VDi - Rs 631,000

Maruti Swift Dzire ZDi - Rs 709,000 (Ex-showroom Delhi)



New Maruti Swift Dzire carries forward the superior air around it to the next level with its compact form shortened by 165 mm from the previous version.

The club shaped headlamps on new Swift Dzire are distinct from the rest even from the Maruti Swift hatchback, which was expected to be based on the Maruti Swift design cues, but is more or less retained as before with tweaked new looks to endow the car with a softer touch at the same time exuding the inner strength of the car.

The fog lamps sitting on either side of the prominent grille are well in tandem with the tweaked new headlamps while the new alloy wheels also look quite apt with the rest of the new lustrous exteriors.

The turn indicators integrated side rear view mirrors are also new in the 2012 Swift Dzire version while the makeover is carried to the now shortened rear end to offer a lesser boot 316 litre.

Strides Arcolab Q4 net up 30-fold at Rs 68crore for the fourth quarter ended December 2011 , Latest Stock Price

Strides Arcolab Q4 net up 30-fold at Rs 68crore for the fourth quarter ended December 2011 , Latest Stock Price



Strides Arcolab, a global pharmaceutical company headquartered in Bangalore, has reported 30 times jump in consolidated net profit after minority interest at Rs 68.4 crore for the fourth quarter ended December 2011 compared to Rs 2.2 crore reported in the corresponding quarter previous year.

Its sales for the quarter were up by 50.6 per cent at Rs 686.4 crore compared to the same period a year ago.

The reason for a big jump in profits is mainly on account of a strong performance of injectables and pharmaceuticals business. The company received regulatory approvals for its products and plants during the year. During 2012, the company plans to enter the regulated markets of United States through its Brazilian subsidiary, Dr T S Rangan, Group CFO said.
 TO CHECK THE LATEST STOCK PRICE

State Bank of India, SBI cuts education loan rates by 1%

State Bank of India, SBI cuts education loan rates by 1%



The country's largest lender State Bank of India (SBI) today reduced interest rates on education loans by up to 1% point across various segments, a move likely to be followed by other lenders.

In order to extend financial assistance to students pursuing higher education in India and abroad at affordable rate, SBI has reduced the rate of interest for education loans, the bank said in a statement.

Education loans up to Rs 4 lakh have become cheaper by 0.25%, at 13.5% compared with 13.75% earlier.
Loans between Rs 4 lakh and Rs 7.5 lakh will be available at 13.25% against 14.25%, a sharp reduction of 1%.

Loans beyond Rs 7.5 lakh will cost 0.25% less at 12%.

Under this education loan scheme, loans up to Rs 10 lakh for studies in India and up to Rs 20 lakh for studies abroad are given.

The new rates are effective from today, the bank said.

Besides, under the SBI Scholar Loan Scheme extended to students joining elite institutions such as IIMs, IITs and NITs, the new rate of interest is 200 basis above Base Rate, currently 12%.

The base rate of the bank is 10%.

At present, it said, 111 institutes are covered under this scheme and loans upto Rs 15 lakh are given.

Loans are sanctioned at attractive terms without any security except parent/guardian as co-borrower, it said.

In addition, the bank will offer 0.5% additional concession for girl students.

At the same time, 1% concession for the entire tenure of loan, if full interest is serviced during moratorium period (including course duration), it said.
src-BS

Multi Commodity Exchange, MCX fixes IPO price at Rs 1,032 a share

Multi Commodity Exchange, MCX fixes IPO price at Rs 1,032 a share



The country's top commodity exchange MCX has fixed the price of its initial public offering (IPO) at the upper end of the band at Rs 1,032 a share, raising about Rs 663 crore through the IPO.

Drawing a huge investor response, the IPO was over-subscribed by more than 54 times attracting bids of about Rs 36,000 crore.

The offer price is fixed at Rs 1,032 per equity share of face value of Rs 10 each. The offer price is 103.2 times of the face value," MCX said in a public announcement today.
The MCX IPO, that closed on Friday last week, received a record-breaking demand from retail, institutional and High Net-worth Individual investors.

In terms of demand from retail investors, the MCX IPO is believed to have surpassed all previous records, as the shares reserved for the retail shareholders was over-subscribed by nearly 24 times.

The bidding for the MCX IPO began on February 22 and closed on February 24 in a price band of Rs 860-1,032 per share.

MCX has more than 70% share in the annua estimated turnover of Rs 177 lakh crore for the entire commodity derivatives market.

Globally, MCX is the fifth-largest commodity exchange, while it figures among the top two positions in gold and silver segments.

It would be the first exchange in India to go public, putting the country at par with other markets like the US, the UK, Japan, Australia and Hong Kong.
src-BS

Bigg Boss 5 Result, Winner, Juhi Parmar Won Big Boss 5, Bigg Boss Grand Finale, Bigg Boss won by Juhi Parmar, Runner Up's, Juhi Parmar's Profile

Bigg Boss 5 Result, Winner, Juhi Parmar Won Big Boss 5, Bigg Boss Grand Finale, Bigg Boss won by Juhi Parmar, Runner Up's,  Juhi Parmar's Profile

 

Out of the Five Contestants Juhi Parmar, Mahek Chahal, Sidharth Bhardwaj, Amar Upadhyay or Akashdeep Saigal Aka Sky. Juhi permar won after spending 98 days in Bigg Boss house.

First Runner Up:- Mahek Chahel
Second Runner Up: Juhi Parmar
Third Runner Up: Siddharth Bharadwaj

Various Performances in Grand Finale given by Salman Khan, Malaika Arora Khan, Sunny Leone, Rakhi Sawant, Pooja Mishra and many more.

Juhi Parmar Profile:
Age: 31
Star Sign: Sagittarius
Nationality: Indian
Occupation: TV Actress
Juhi Parmar was born on 14th December 1980 in Ujjain to Devendra and Hemlata Parmar. She grew up in Jaipur, Rajasthan where she won the Miss Rajasthan title in 1999 and has been a TV personality, anchor, actress, Television Presenter, singer and dancer. She is married to television personality and businessman Sachin Shroff.

SREI Infra's Rs 300 Crore Infra Bond : Issue Size, Details, Tax Exemption, Rating by CARE, Returns

SREI Infra's Rs 300 Crore Infra Bond : Issue Size, Details, Tax Exemption, Rating by CARE, Returns 




The issue size for the SREI infra bonds is Rs. 300 Crores, although the company was eligible for 500 crores of fund raising.
The bonds are being offered in 4 different options with 2 different maturity periods - 10 year and 15 years:
Series 1 & 2 - is for 10 year long bonds paying an interest rate of 8.90% per annum - coupon rate is higher than that offered by earlier issues of PFC issue but similar or lower to IFCI issue (see details below)

Series 3 & $ - is for 15 year long bonds paying an interest rate of 9.15% per annum - again, - coupon rate is higher than that offered by earlier issues of PFC issue but similar or lower to IFCI issue (see details below)
Exit option available after 5 years and 10 years period. Lock in period is 5 years.
The bonds will be listed on BSE or the Bombay Stock Exchange. Each bond will have a face value of Rs. 1000.

Issue Details

• Investment upto Rs 20,000 in SIFL Infrastructure Bonds – Tranche 1 will be eligible for exemption under Section 80CCF of the Income Tax Act, 1961
• Interest rate is 8.90% p.a. for Series 1 and 2 and 9.15% p.a. for Series 3 and 4. Interest under series 1 and series 3 will be payable annually and interest under series 2 and series 4 will be payable cumulatively (compounded annually)
• Buyback facility is offered under all the series at the end of 5 years and one day from the Deemed Date of Allotment
• Maturity will be at the end of 10 years from the Deemed Date of Allotment for Series 1 and 2 and will be at the end of 15 years from the Deemed Date of Allotment for Series 3 and 4
• Minimum Investment required in SIFL Tranche 1 Issue is Rs 1,000 and in multiples of Rs 1,000 thereafter
• Investors will be having an option to hold the Bonds in physical form or demat form.
• An applicant is allowed to do multiple applications in SIFL Tranche 1, however tax benefit under Section 80CCF of the Income Tax Act, 1961 would be applicable to ` 20,000 only.
• CARE has assigned CAREAA rating to the bonds proposed to be issued. The instruments with a rating of ‘CARE AA’ by CARE are considered to offer high degree of safety regarding timely servicing of financial obligations.
• Issue Opens On: December 31, 2011
• Issue Closes On: January 31, 2012

Power Finance Corporation (PFC) Tax-Free Bonds : Important Features, Issue Size, Return, Tax Exemption

Power Finance Corporation (PFC) Tax-Free Bonds : Important Features, Issue Size, Return, Tax Exemption 



Power Finance Corporation (PFC) has come out with a Rs 5,000-crore tax-free bond issue. PFC is a Navratna Government of India undertaking with the government holding 73.72% stake in it. Allotment will be made on a first-come-first-serve basis and the issue closes on January 16.

Tax Free Bonds of Face Value of Rs.1,000 Each, In The Nature Of Secured, Redeemable, Non-Convertible Debentures, Having Benefits Under Section 10(15)(Iv)(h) of The Income Tax Act, 1961

PFC bonds score well for those in the highest tax bracket. So if you invest 1 lakh in PFC bonds, and you are in the highest tax bracket, you will get an interest income of Rs 8,300 per annum for 15 years which is tax free. As against this, even if you earn a 9% interest in bank fixed deposit and you are in the highest tax bracket (30.9%) you will earn an interest of Rs 9,000 per annum but will pay a tax of Rs 2,781, so the net interest you earn is only Rs 6,219, or yield of 6.22%.

Why To Apply ? 

Tax-free interest of 8.3% is the highest available after PPF, and there is no upper ceiling on investment. Though PPF offers you an interest of 8.6%, it is subject to revision and the maximum amount you can invest is only Rs 1 lakh per annum.

CLICK HERE TO CHECK MORE DETAILS FROM THE OFFICIAL WEBSITE OF PFC