ACC Q1 net falls to Rs 400 cr, sales volume flat During the quarter, the company’s total consolidated turnover was Rs 2967.1 crore as compared to Rs 2906 crore on a yearly basis. EBITDA for this quarter was Rs 425 crore as against Rs 492 crore year-on-year.
Read more at: http://www.moneycontrol.com/news/results/acc-q1-net-falls-to-rs-400-cr-sales-volume-flat_1074052.html?utm_source=ref_article
Analysis- This is a POSITIVE NEWS for ACC as the results are higher than Market expectations.
Ukraine stalemate: Obama poised for new sanctions on Russia Under an international accord signed in Geneva last week, illegal armed groups in Ukraine, including the pro-Russian rebels occupying about a dozen public buildings in the east of the country, are supposed to disarm and go home.
Read more at: http://www.moneycontrol.com/news/world-news/obama-poised-for-new-sanctionsrussia-if-no-progressukraine_1074024.html?utm_source=ref_article
Analysis- This is a NEUTRAL NEWS for Indian Markets
RBI unsupportive of HDFC Bank's plea to raise FII holding CNBC-TV18 learns from Finance Ministry sources that the central bank is of the view that HDFC Bank is close to foreign investment capital of 74 percent. It is treating the promoter shareholding in HDFC Bank as foreign capital.
Read more at: http://www.moneycontrol.com/news/cnbc-tv18-comments/rbi-unsupportivehdfc-bank39s-plea-to-raise-fii-holding-_1073818.html?utm_source=ref_article
Analysis- This is a POSITIVE NEWS for HDFC BANK as it will create demand for existing FII holdings at at a premium.
IBM inks deal with Polaris FT for social software solutions Working with IBM, Polaris designed and developed Octopus, an enterprise social platform, which runs on IBM Connections and uses APIs (application programming interfaces) provided in the IBM Social Business Toolkit.
Read more at: http://www.moneycontrol.com/news/business/ibm-inks-dealpolaris-ft-for-social-software-solutions_1073893.html?utm_source=ref_article
Analysis- This is a NEUTRAL NEWS for POLARIS as the financials of the deal are unknown.
Is Zuari Agro looking to exit Mangalore Chemicals? Zuari Agro holds around 16.5 percent, a clear minority as compared to other two stakeholders -- UB Group and Deepak Fertilizers.
Read more at: http://www.moneycontrol.com/news/cnbc-tv18-comments/is-zuari-agro-looking-to-exit-mangalore-chemicals_1073670.html?utm_source=ref_article
Analysis- This is a POSITIVE NEWS for ZUARI AGRO CHEMICALS as it will unlock it's asset value in Mangalore chemicals shares.
India may see below normal monsoon; 60% chance of El Nino India may witness below normal monsoon with an estimation of only 35 percent normal monsoon this year.
Read more at: http://www.moneycontrol.com/news/current-affairs/india-may-see-below-normal-monsoon-60-chanceel-nino_1074093.html?utm_source=ref_article
Analysis- This is a NEGATIVE NEWS for consumer durable companies, FMCG, fertilizers and Auto mobile companies as it can impact the purchasing power parity of rural India.
Ambuja Cement profit up 6.57% to Rs 520 cr Ambuja Cements today reported 6.57 percent increase in standalone net profit of Rs 520 crore during the January-March quarter mainly on account of higher income.
Read more at: http://www.moneycontrol.com/news/results/ambuja-cement-profit657-to-rs-520-cr_1074119.html?utm_source=ref_article
Analysis- This is a POSITIVE NEWS for AMBUJA CEMENTS as the results are much better than the market expectations.
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