Cadila Healthcare first quarter net profit surges by 60% to Rs 199 crore

Cadila Healthcare first quarter net profit surges by 60% to Rs 199 croreCadila Healthcare has informed that it has posted a 60% hike in its net profit figure. It has announced its financial results for the June quarter of the fiscal year 2010-11.

According to the company, it has registered a net profit of Rs 199.18 crore for the quarter that ended in 30th June, 2010. Last year, the company had registered a net profit of Rs 124.79 crore in the corresponding quarter.

Jubilant Organosys first quarter net dips 50% to Rs 62.73 crore

Jubilant Organosys first quarter net dips 50% to Rs 62.73 croreLeading pharmaceutical firm Jubilant Organosys has declared its first quarter financial results for the fiscal year 2010-11. The company has reported that there has been a huge decline in the net profit figure of the company in the quarter under review.

Jubilant Organosys has posted a net profit of Rs 62.73 crore in the June quarter of the current fiscal.

The net profit of the firm was reported to be Rs 125.82 crore for the similar quarter in the previous year.

Chancellor George Osborne to start India tour with Vodafone launch and TATA talks

Chancellor George Osborne to start India tour with Vodafone launch and TATA talksThe UK Chancellor George Osborne will start his tour to India with the historic delegation from the coalition government by holding talks with the Tata group.

At first, he will meet the divisional heads of the Tata group, the owner of the steel firm Corus and Jaguar Land Rover. Later in this week the chancellor will meet the chairman of the Tata group, Mr. Ratan Tata with the UK Prime Minister David Cameron in New Delhi.

BP resumes its effort to kill the damaged well

BP resumes its effort to kill the damaged wellThe BP officials have returned to the oil spill spot to stop the huge oil spill of US history permanently by pumping mud and cement in to it. The BP officials left that spot with the ships because of the fears of the tropical storm but they are back now in the Gulf of Mexico.

According to the schedule the pumping of mud and cement to seal the well will begin on 2nd August. As per the US incident commander Thad Allen the injections from the bottom will begin after five days of pumping mud and cement to ensure the well is permanently closed.

Indiabulls Fin Services first quarter PAT surges 80%

Indiabulls Fin Services first quarter PAT surges 80%Indiabulls Financial Services has reported its June quarter financial results for the fiscal year 2010-11. According to the report, its Profit After Tax has gone up to a significant 80% rise in the June quarter.

Indiabulls Financial Services has informed that it has posted a Profit After Tax of Rs 133.58 crore for the quarter that ended in 30th June, 2010 which was reported to be Rs 74.07 crore in the similar quarter in the previous year. In a recent filing at the Bombay Stock Exchange, Indiabulls Financial Services has reported this fact.

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Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

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Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

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Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

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ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.