NDPMS Wealth Management

As per Quick Estimates on the Index of Industrial Production (IIP), industrial growth in September 2013 reported growth of 2.0% as compared to marginal 0.4% in the previous month and a contraction of 0.7% in September 2012. The industrial production for September 2013 surprised negatively by coming in much lower than market expectations of 3.5% growth owing to disappointing manufacturing sector data. In terms of sector-wise classification, the Electricity sector reported robust 12.9% growth as compared to 7.2% in the previous month and 3.9% in September 2012. The growth in electricity production (owing mainly to thermal production) has supported the overall index by contributing 1.2% to the overall headline growth print. Going ahead in October 2013 however, owing to the high base during the corresponding month of the previous year, electricity production is likely to clock a modest growth. The Mining sector reported 3.3% gro...

Moneycontrol Bureau Telecom operator Reliance Communications ' second quarter consolidated net profit jumped over six-fold quarter-on-quarter to Rs 675 crore, driven by provision write back. The company, during the quarter, reassessed the requirement of maintaining balance of Rs 441 crore of provision of business restructuring created pursuant to the schemes of amalgamation approved by High Court in financial year 2006-07. The board determined that it is no longer required to maintain provision, hence that amount credited to other income. Consolidated revenues, which were announced after market hours on Tuesday, declined nearly a percent on sequential basis to Rs 5,361 crore in the quarter gone by. Voice revenue stood at Rs 3,384 crore and non-voice revenue at Rs 1,018 crore during the quarter. The company beat on bottomline as well as on operational front, but topline was a miss. According to a CNBC-TV18 poll, analysts had estimated net profit at Rs 108 crore on revenues of Rs 5,...

October Trade Deficit at $10.56 Bn vs $6.56 Bn Gold & Silver Imports at $1.37 Bn vs $.8 Bn (mom) 7.16% 2023 CG Bond Yield trading at 9.0376 up by 0.56%

Moneycontrol Bureau: India's largest commercial vehicle manufacturer  Tata Motors surprised Dalal Street on every parameter on Friday with the second quarter (July-September) consolidated net profit surging nearly 71 percent year-on-year on Jaguar Land Rover boost. However, standalone business continued posting losses amid weak economic environment. "A 31 percent growth in PAT was despite weak environment in India business which was more than offset by increase in wholesale volumes and richer product and market mix at Jaguar Land Rover (JLR)," the company said in its release. Consolidated net profit increased to Rs 3,542 crore during September quarter from Rs 2,074 crore in a year ago period. Revenues increased 31.1 percent year-on-year to Rs 56,882 crore in three-month period ended September 2013. According to a CNBC-TV18 poll, analysts had expected the Tata group-owned company to report net profit of Rs 3,200 crore on revenues of Rs 54,960 crore for the quarter. Dur...