SEBI members bat for phased reduction of STT

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In a move to increase the depth of the capital markets, members of the Securities and Exchange Board of India (SEBI) have recommended a phased reduction of the securities transaction tax (STT). The recommendation has come in the wake of discussions with finance minister Pranab Mukherjee. To increase retail investors’ participation by lowering STT is … Read more SEBI members bat for phased reduction of STT

Jindal Steel and Power Plans to list JPL in the next one year time horizon

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Jindal Steel and Power (JSPL) held a conference call to disucss quarterly and yearly results and future growth plans. Sushil Maroo, Director (JSPL) and Managing Director (JPL) addressed the conference call Highlights of the call The Debt on the books of JSPL stands at Rs 4900 crore, while the debt on the books of JPL … Read more Jindal Steel and Power Plans to list JPL in the next one year time horizon

Tata Chemicals Capital expenditure plan for FY 2010 is Rs 250 crore

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Highlights- The consolidated top-line of the company for the full year ended March 2009 more than doubled to Rs 12,257.66 crore mainly backed by the record growth in sale of urea during the year under review. During the year the company incurred a notional forex loss of Rs 92.31 crore on account of notional exchange … Read more Tata Chemicals Capital expenditure plan for FY 2010 is Rs 250 crore

Edelweiss Capital Opening retail broking arm in next 3 months

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Edelweiss Capital For the fourth quarter ended Mar’09, reported 55% decline in consolidated Income from operations to Rs 180.08 crore. Income from all sources reported decline on y-o-y basis. Gross profit declined by 51% to Rs 73.68 crore despite 95% increase in other income and 57% fall in total expenses. 74% rise in deprecation further … Read more Edelweiss Capital Opening retail broking arm in next 3 months

PVR Company plans to add 42 additional screens during the current fiscal

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Highlights of the call The company during the quarter ended March 2009 reported just 5% growth in net operating revenues at Rs 58.01 crore. After providing for tax credit during the quarter, the net loss was Rs 1.11 crore as compared to a net profit of Rs 2.70 crore during the corresponding quarter of the … Read more PVR Company plans to add 42 additional screens during the current fiscal

Cinemax India Currently working 50-60% of normal operations

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Highlights of the call At the end of March 2009, the Company has operates 74 screens at 25 locations with capacity of about 20305 seats. The Company added two locations: Hyderabad and Kalyan adding 5 screens and 480 seats in Q4FY09. The footfalls for the quarter were 85.14 lakh up from 65.57 lakh in the … Read more Cinemax India Currently working 50-60% of normal operations