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Monday, August 11, 2014

Sun TV Network declines 5% as Q1 lag estimates
Sun TV Network has dipped 5% after reporting a lower-than-expected 1% year on year growth in net profit at Rs 166 crore the quarter ended June 2014 (Q1), due to operating losses from its Indian Premier League (IPL) franchise Sunrisers Hyderabad.

GAIL Q1 profit falls 23% on weak operational performance
GAIL India has reported first quarter net profit falling 23 percent year-on-year to Rs 621 crore dented by weak operational performance but supported by other income. Profit in the year-ago period was Rs 808 crore.

Bank of India raises Rs 2,500 crore from bonds
Bank of India has raised Rs 2,500 crore from Tier I bonds to fund its business expansion plans. Funds have been raised through Basel III compliant Tier-1 bonds by way of private placement of Rs 1,250 crore with a green shoe option of Rs 1,250 crore.

SAIL Q1 net profit beats estimates, up 17.5% to Rs 530 cr
SAIL has reported a 17.5 percent growth in net profit at Rs 530 crore in the quarter ended June 2014 compared to Rs 450.9 crore in the year-ago period aided by higher operating performance but impacted by lower other income and higher finance cost.

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