Container Corporation of India Expects Net Profit to grow 15% in FY10

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Container Corporation of India (Concor) held the conference call to discuss the financials for the Quarter and Year ended March 09, and future business prospects of the company on 17 April 2009. Rakesh Mehrotra – Managing Director, Suresh Kumar – Director Finance and P Alli Rani – ED Finance addressed the call. Some highlights of … Read more Container Corporation of India Expects Net Profit to grow 15% in FY10

SBI to raise Rs 20,000 crore through India’s biggest rights issue

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The country’s largest lender State Bank of India (SBI) has sought government’s permission to issue Tier I capital this financial year finance its expansion.The bank would be raising Rs 20,000 crore and it would be one of the biggest rights issue of the country. The Rs 20,000 crore rights issue would include a government contribution … Read more SBI to raise Rs 20,000 crore through India’s biggest rights issue

Infosys hears offshoring being reduced in client survey

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Infosys Technologies (Infosys) held its conference call after it announced its fourth quarter results. S Gopalakrishnan, CEO and Managing Director, along with others addressed the call. Highlights of the call For the quarter ended March 2009, Infosys reported 3% dip in consolidated operating revenues at Rs 5635 crore. In US dollar terms the revenues de-grew … Read more Infosys hears offshoring being reduced in client survey

Reliance Communications price will fall relative to the country index

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Morgan Stanley in a Research Note said that the Price of Reliance Communications will fall within the next 30 days. Excerpts as follows, The stock has traded up recently, making short term valuation much less compelling. RCOM is up 50% in absolute terms from its lows in the last month, outperforming the market by 11%. … Read more Reliance Communications price will fall relative to the country index