1:30 pm DLF: As it fights a Sebi ban on accessing capital markets, realty giant DLF was asked today to provide details of funds it immediately needs to get an interim relief to redeem capital locked in mutual funds.
While challenging the Sebi order barring it and six others, including top executives, from capital markets for three years, DLF had sought this interim relief on October 22, after which the capital markets regulator was asked to give a reply.
The regulator today submitted before SAT that the company can be given an interim relief, provided it gives a detailed proposal for requirement of funds it needs to redeem, by December 31.
1:20 pm Boardroom: After having posted a net loss of Rs 15.07 crore for Q2, RC Venkateish, chief ececutive officer, Dish TV says weak Q2 results were expected as the quarter is seasonally weak owing to rainy season. In an interview to CNBC-TV18, Venkateish says the upcoming quarters, however, are likely to be better as the result of the price hikes will be seen in the average revenue per unit (ARPU) during the rest of the year.
"We have recaptured a leading position in terms of incremental market share and stand at 27 percent now," he adds.
1:10 pm Resuls: India's largest private sector lender ICICI Bank met street expectations on profit and net interest income front but its asset quality and provisions hit in the quarter ended September 2014.
Net profit of the bank climbed 15.2 percent year-on-year to Rs 2,709 crore during the quarter supported by non interest income and stable net interest income.
Net interest income, the difference between interest earned and interest expended, grew by 15.2 percent to Rs 4,657 crore during the quarter compared to Rs 4,043 crore in the year-ago period while other income (non-interest income) shot up 26.4 percent on yearly basis to Rs 2,738.4 crore in September quarter.
Profit was expected at Rs 2,713 crore and net interest income at Rs 4,647 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.
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The market is surging ahead with major support by IT, realty and oil stocks. The Sensex hit all-time high breaching its previous high of 27354.99 on 8 September. The Sensex is up 214.25 points or 0.8 percent at 27312.42 and the Nifty is up 65.45 points or 0.8 percent at 8155.90.
About 1435 shares have advanced, 1188 shares declined, and 106 shares are unchanged.
About 1435 shares have advanced, 1188 shares declined, and 106 shares are unchanged.
Infosys, TCS, Relance, Dr Reddy's Labs and L&T are major gainers in the Sensex. Among the losers are ICICI Bank, BHEL, M&M, Tata Power and Sesa Sterlite.
Gold prices moved down by 0.75 percent to Rs 26,876 per 10 grams in futures market today as
speculators trimmed positions in tandem with a weak global trend where the precious metal traded near three-weak low.
speculators trimmed positions in tandem with a weak global trend where the precious metal traded near three-weak low.
Market analysts attributed the fall in gold futures to a weak global trend where the metal traded near a three-week low as the dollar strengthened after the Federal Reserve ended its asset-purchase programme. Meanwhile, gold traded lower by 0.02 percent to USD 1,211.30 an ounce in Singapore.
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