DB Corp Q2 net profit at Rs.59.1 crore

The company recorded net profit declined by 13% at Rs. 59.1 crore for the quarter under review as compared to Rs. 68.1 crore for the quarter ended September 30, 2014.

D. B. Corp Ltd has announced the following results for the quarter ended September 30, 2015.

The company recorded net profit declined by 13% at Rs. 59.1 crore for the quarter under review as compared to Rs. 68.1 crore for the quarter ended September 30, 2014.

The company's total income decreased from Rs. 4838.30 million for the quarter ended September 30, 2014 to Rs. 4836.74 million for the quarter ended September 30, 2015.

HUL slips after poor Q2 results

Total Income has increased from Rs. 78,371.30 million for the quarter ended September 30, 2014 to Rs. 81,255.50 million for the quarter ended September 30, 2015.

Hindustan Unilever Ltd has slipped 1.4% at Rs. 786.30. The company reported Q1 net profit at Rs. 962 crore vs Rs. 957 crore.

Total Income has increased from Rs. 78,371.30 million for the quarter ended September 30, 2014 to Rs. 81,255.50 million for the quarter ended September 30, 2015.  The company has declared an Interim Dividend of Rs. 6.50/- per equity share of face value of Re. 1/- each for the financial year ending March 31, 2016.

The scrip opened at Rs. 782.1 and has touched a high and low of Rs. 791.75 and Rs. 771 respectively. So far 3151428(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 172546.89 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 979 on 11-Mar-2015 and a 52 week low of Rs. 708 on 28-Oct-2014. Last one week high and low of the scrip stood at Rs. 831.45 and Rs. 788.15 respectively.

The promoters holding in the company stood at 67.21 % while Institutions and Non-Institutions held 18.72 % and 14.06 % respectively.

The stock is currently trading above its 200 DMA.

30 SME IPOs over the next 2-3 months?

The total number of IPO issues is expected to be around 100 this fiscal," BSE Managing Director and Chief Executive Ashishkumar Chauhan was quoted as saying.

BSE expects 30 initial public offerings on its small and medium-sized enterprises (SME) platform in the next two-three months. 

A report says that this is on top of 17 SMEs which already got listed in the capital market with public issues worth Rs. 134 crore.

"The total number of IPO issues is expected to be around 100 this fiscal," BSE Managing Director and Chief Executive Ashishkumar Chauhan was quoted as saying.

These companies are from various sectors including trading, steel, manufacturing, textile, the report added.

Australia clears $7 bn Carmichael project

This decision by Environment Minister Greg Hunt removes one hurdle for Adani to proceed with the stalled A$10 billion ($7 billion) project.

The Australian government reissued an environmental permit for construction of one of the world's biggest coal mines to Adani Enterprises,  accoring to reports.

A report says that this decision by Environment Minister Greg Hunt removes one hurdle for Adani to proceed with the stalled A$10 billion ($7 billion) project in the undeveloped Galilee Basin.

Earlier court in August temporarily blocked progress on the mine.

People Concerned About Continuous Revenue Misses: TCS Chief

Tata Consultancy Services - the country's largest IT company- reported a 3.9 per cent sequential rise in constant currency revenue in Q2, missing market expectations for the fifth straight quarter. NDTV Profit's Prashant Nair caught up with TCS CEO and managing director N Chandrasekaran.



Revenue miss: I think people are feeling the expectation mismatch for a few quarters in a row now, albeit the miss is 15-30 basis points maybe on a single quarter basis, but since it is happening for a few quarters in a row- I think four or five quarters in a row - I think people are getting worked up more.  When you miss it on a continuous basis it all adds up, that seems to be the problem.

Fundamentals strong: If you see the core, it is intact, in fact it is doing well and we always expect an acceleration in Q1 to Q2, we have seen that. I think US is doing well, UK market is doing well, even Australia has done well, Latin America has done well this quarter, India has done well, Middle East has done well. From an industry perspective, all the core verticals - whether it is financial services, whether it is retail, life sciences, all of them have done well.

Manufacturing has suffered due to the softness we have seen in Japan, those kind of odd bits are there, otherwise the core markets, core industries they are holding up, there is no fundamental issue.

I feel that we are in a great spot as a company, because our client metrics are solid, we continue to improve on client metrics because what we do is build strategic relationship with customers and it continues to pay off.

Investments: We are making all the investments that are necessary whether it is in infrastructure, whether it is in cloud, whether is in various areas of digital and talent development, intellectual property, platforms.

Our platforms business has done well. We are making the investments and also seeing that those things are paying off and there is a lot of client traction. But finally we have to make sure that the expectation gap doesn't continue for too long.

Hiring: Last three years, our hiring has been higher than what we had originally projected. We are also seeing significant opportunities, it does take time to train people in digital also and our utilisation is at is 86 per cent, so we take a calibrated call.

Attrition: Our attrition is actually coming down. It is still not where I would like to be, I would really like to take it down further and we have seen a dip in attrition in Q2 compared to Q1, but it needs to still further go down- we are addressing that issue.        

Adani's $7 Billion Australia Project Gets Nod, Shares Surge

Adani Group said on Thursday it had won Australian government approval to build its massive Carmichael mine and rail project after clearing environmental concerns.

A court on August 5 temporarily blocked progress on the $7.34 billion project in the inland Galilee Basin following a claim Adani failed to include conditions to protect two vulnerable species.

Shares of billionaire Gautam Adani-led Adani Enterprises surged nearly 13 per cent at its day's high of Rs 95.8 as compared to a 0.65 per cent gain in Nifty.        

22 pharma firms see FII holding rise in Q2

Unichem Lab's FIIs holding in the company has gone down by 7.69% to 2.88% as compared to 3.12% as on June 30, 2015.

For the second quarter ended September 30, some pharma companies have attracted foreign investors, despite FPIs being net sellers to the tune of US $2.6 bn in Q2. So far, FIIs have increased their share holding in as many as 22 pharma companies.

In Caplin Point Laboratories Ltd, FIIs have increased their share holding by 82.94% to 3.11% in Q2 as against 1.70% at the end of first quarter of the current fiscal.

Neuland Laboratories has witnessed FII holding in the company go up by 16% to 1.74% as compared to 1.50% as on June 30, 2015.

FII holding in GlaxoSmithKline Pharma has increased by 3.27% to 2.21% as against 2.14% reported in Q1 FY16. Similarly, foreign investors have hiked their share holding in Divi’s Lab to 19.40% in second quarter from 19.07% in the first quarter of the current fiscal, reflecting a growth of 1.73%.

In addition, FIIs have increased their share holding in Apollo Hospitals Enterprises by 1.02% to 44.24% as on September 30; and they have taken their holding up in Shilpa Medicare Ltd by half a percent to 15.06% in the second quarter.

Unichem Lab has witnessed FIIs holding in the company go down by 7.69% to 2.88% as compared to 3.12% as on June 30, 2015.

Also, Sanofi India and Nectar Lifesciences have seen FII share holding fall by 8.17% and 6.21% respectively. FIIs currently hold 12.06% and 1.51% shares in Sanofi and Nectar respectively.

In Aurobindo Pharma, FIIs have reduced their share holding by 2.10% to 28.87 on qoq basis. 

Top seven highest paying jobs in India

Employees compensated below $80,000 are more likely to leave their organizations in less. 45% compensated above $1,00,000 are also more likely to leave their organization in less than 2 years.

Salary Hike Trend FY 2015-16

The average salary increment projected for the year 2015-16 is 10.7%. Life Science, to touch the Pharmaceuticals and Highest pay healthcare sectors hike.

Employee Level and Salary Increment in FY 2015-16

11% hike projected for Junior Management Level, 10.8% hike projected for Clerical Level, 10.5% hike projected for Senior, Middle and Top Management Level.

Top 7 Highest Paying Jobs in India

Top 06 Highest Paying IT Companies in India

IN INDIA, AVERAGE SALARY & VARIABLE PAY is poised to be higher in FY 2015-16 than previous fiscal years.

“INDUSTRY WISE” SALARY HIKE FY 2015-16

Effect of SALARY HIKE on Employees

79.5% earning between $80,000 to $ 1,00,000 like to continue with the same organizations for another 2 years.

Employees compensated below $80,000 are more likely to leave their organizations in less.
45% compensated above $1,00,000 are also more likely to leave their organization in less than 2 years.

COUNTRY-WISE COMPARISION ON HIKE DISTRIBUTION (2015-16)

IISL launches NSE Quality 30 Index

The NSE Quality 30 index aims to reflect the performance of stocks of top 30 Quality companies chosen from the pool of 100 large and liquid companies listed on NSE.

India Index Services & Products Limited (IISL), a NSE group company, launched quality parameter based NSE Quality 30 index adding to the existing suite of its strategy based indices.

The NSE Quality 30 index aims to reflect the performance of stocks of top 30 Quality companies chosen from the pool of 100 large and liquid companies listed on NSE. Quality companies are identified on the basis of quality score which is based on high return on equity (ROE), low debt-to-equity ratio and year-on-year growth in profit after tax (PAT) over the last three years.

There has been an increase in demand for the strategy indices in the Indian market which is in line with the practices in global investment community. Apart from complimenting other strategy based IISL indices, NSE Quality 30 Index will serve as an ideal benchmark for investors looking to invest in companies with durable business model resulting in sustained profits and high return on equity.

The NSE Quality 30 Index will be available for licensing for the launch of financial products such as exchange traded fund and structured products.

18 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Vedanta: Vedanta Resources Plc has no plans to cut its zinc output but could adjust the development of its South African operation taking into account prevailing prices, CEO Tom Albanese was quoted as saying on Wednesday.

Coal India: The Union Cabinet on Wednesday approved the payment of performance related pay (PRP) for Coal India Ltd. (CIL) executives and non-unionised supervisors. It also approved the recommendations of the Committee of Secretaries to regularise the 2007 pay revision implemented by CIL with effect from 1st January, 2007 in the loss-making subsidiaries of the company.

Mahindra & Mahindra Ltd: The company is looking to double its market share in the heavy commercials vehicles (HCV) segment, to 5-6 per cent from the existing 2.6-2.7 per cent over the next 2-3 years, according to the company’s Executive Director & President (Automotive & Farm Equipment), Pawan Goenka.

ONGC: ONGC will provide ‘service contracts’ to bolster crude oil output from its nine onshore assets by up to 17% by FY18, reports a business daily.

Future Retail Ltd: Future Retail has allotted non-convertible debentures (NCDs) totalling Rs. 750 crore on private placement basis. These NCDs have been rated CARE AA- (Under Credit Watch) [Double A Minus (Under Credit Watch)] by Credit Analysis & Research Limited (CARE).

Hindustan Unilever: The company reported standalone net profit of Rs. 962.24 crore for the quarter, registering fall of 2.62% yoy and 9.14% qoq. Company’s revenue at Rs. 7955.39 crore, registered growth of 4.13% yoy and decline of 1.84% qoq.

Tata Motors: Jaguar Land Rover reportedly said that its second-quarter results will be affected by a blast at the Chinese port of Tianjin in August which damaged many of the 5,800 vehicles the company had at the site.

IVRCL: The company announced that IVRCL Chengapalli Tollways, a SPV formed for implementing the project envisaging 4/6 laning of the road in Chengapalli - Coimbatore - Walayar (Tamil Nadu / Kerala Border) on NH-47 in the State of Tamil Nadu being executed as BOT (Toll) on DBFOT basis has obtained the provisional certificate for commercial operations and toll collection has started on 14 October 2015.

Polaris Consulting & Services : Virtusa Corp is in talks to buy Polaris Consulting for Rs. 1,904 crore. The deal may be valued at close to $350 mn, a near 20% premium to its current market capitalisation of $295 million (Rs 1,904 crore).

TTK Prestige:The company has reported standalone net profit of Rs. 34.04 crore for the quarter, registering growth of 21.65% yoy and 55% qoq. Company’s revenue stood at Rs. 421 crore, registering growth of 10.22% yoy and 20.77% qoq.

Alstom T&D India: The company has bagged orders worth Rs1.4bn from Odisha Power Transmission Corporation for supply of 400/220 kV air insulated and gas insulated substations.

Deep Industries: Deep Industries has received Notification of Award of Contract for charter hiring of No. 1 of 1000HP Mobile Drilling Rig for Tripura Asset of ONGC for a period of three years. The total value of the said award is of US $ 14 Mn i.e. approx Rs. 90.33 crore.

Unichem Laboratories: The pharma company has received US health regulator’s approval to market its Memantine Hydrochloride tablets USP, used to treat severe dementia of the Alzheimer’s type, in the American market.

Zee Entertainment: The company has reported consolidated net profit at Rs. 247.70 crore for the quarter, registering growth of 8.72% yoy and 1.49% qoq. Company’s revenue stood at Rs. 1384.90 crore, registering growth of 23.89% yoy and 3.36% qoq.

Snowman Logistics Ltd: The company has commenced operations at its new Bengaluru warehouse with a capacity of 4,500 pallets. This takes the company’s total warehousing capacity to 94,500 pallets.

United Bank of India: The bank in pact with Kotak Securities for equity trading product, as per media reports.

Dr Reddys: The pharma company gets USFDA tentative approval for LAMOTRIGINE for seizures, as per media reports.

Network 18 Media & Investment: The media company reported its consolidated net loss at Rs. 27.42 crore for the quarter ended September 30, 2015 as compared to consolidated net loss of Rs. 36.46 crore for the same quarter in the previous year. Company’s consolidated revenue stood at Rs. 801.13 crore, registering growth of 7.55% yoy and 0.94% qoq.

Sensex rallies over 150 points; auto, banking stocks gain

The BSE Mid-cap Index is trading up 0.43% at 10,662, whereas BSE Small-cap Index is trading up 0.59% at 11,230. Hindalco, Lupin, Tata Steel, HDFC, RIL, Axis Bank and GAIL are among the gainers, whereas HUL, Bharti Airtel, Infosys and HDFC Bank are losing sheen on BSE.

At 9:30 AM, the S&P BSE Sensex is trading at 26,936 up 156 points, while NSE Nifty is trading at 8,154 up 46 points.

The BSE Mid-cap Index is trading up 0.43% at 10,662, whereas BSE Small-cap Index is trading up 0.59% at 11,230.

All sectors are in postive.

Hindalco, Lupin, Tata Steel, HDFC, RIL, Axis Bank and GAIL are among the gainers, whereas HUL, Bharti Airtel, Infosys and HDFC Bank are losing sheen on BSE.

The India VIX (Volatility) index is down 2.84% to 17.21.

Out of 1,714 stocks traded on the NSE, 323 declined and 977 advanced today. A total of 14 stocks registered a fresh 52-week high in trades today, while three stocks touched a new 52-week low on the NSE.

The Nifty is struggling to close above the 8150 level confidently. Today it will again attempt the same. Asian markets are in the green while US indices shed some weight. The Dow fell 0.9% and S&P 500 lost half a percent. Results will remain in focus. Among them include Mindtree, Cyient, Mastek, D B Corp, Lakshmi Vilas Bank, Karur Vysya Bank, Sintex Industries, LIC Housing Finance, V-Guard Industries and Himatsingka Seide. HUL fell after the company posted a net profit of Rs. 9622.40 mn for the quarter ended September 30, 2015 as compared to Rs. 9881.60 mn for the quarter ended September 30, 2014. TCS remained under pressure after consolidated net profit grew by 6.54% qoq.

ONGC will provide ‘service contracts’ to bolster crude oil output from its nine onshore assets by up to 17% by FY18, reports a business daily.  Under this model, the fields are handed over to service firms, which offer a fixed rate of return to the owner of the asset, the newspaper reports.

Mahindra & Mahindra Ltd. is in initial talks with bankers to raise money by selling foreign currency bonds, according to a business daily. Any bond sale will likely happen after a few months, the report said adding that the tenure of the loan could be anywhere between 10 to 30 years. The company aims to diversify its funding sources after it received overseas investment grade rating, reports the financial newspaper.

Vedanta Resources Plc has no plans to cut its zinc output but could adjust the development of its South African operation taking into account prevailing prices, CEO Tom Albanese was quoted as saying on Wednesday. "Our businesses are fairly low cost so a rational decision would be for us to keep producing as long as these are businesses that can generate a commensurate cash return," Albanese told an international news agency on the sidelines of a mining conference in Johannesburg.

Arvind Ltd. reportedly plans to start its online retail journey with two women’s in-house fashion labels, Shuffle and Prime.  The brands will compete with foreign fashion brands, such as Zara. Arvind's online venture is headed by Rajiv Mehta, Puma India’s former CEO.