Inflation at 7.31%. Money policy may b tightened.

steel & zinc prices hiked just like sugar, potato prices to take inflation to 7.31%. Bad monsoon-> agri products price hike. This hike also affecting other commodity prices. Cheap money policy during recession is fuelling demand for cement, cars & steel. Subbarao is expected to tighten money supply by increasing bank reserve ratios.
Food price increase-> processed food prices increase
Petroleum products UP->transportation cost UP->industrial products price UP

GE eyes big gains in India in wind energy

John Krenicki, Jr. Vice Chairman of GE-> Indian wind energy space 5th largest in the world; installed capacity of 10,900 MW and he expects 6000 MW wind power capacity addition in next 2 years.
GE's energy infrastructure business, provides technology solutions in five verticals aviation, energy, oil & gas, rail & water process.
GE energy is looking for opportunities in oil & gas, transmission & distribution & smart grid.

Renuka sugar, Sanwaria Agro net up

Shree Renuka sugars consolidated net profit jumped 24 fold to Rs. 260 crore for quarter ended december. Stand alone profit is 194.7 crore
But prices of stocks fell becos GoI announcing a slew of measures to control rising prices of sugar.
Main Players: Sree Renuka Sugar, Simbhaoli sugar, Oudh Sugar Mills.
GoI has allowed duty free sugar imports.
Soyabeen processor [Sanwaria Agro] net up 3 fold to Rs.9.3 crore agnst 3.4 crore last quarter.

Escorts Oct-Dec net profit at Rs.23 Cr

Tractor & farm equipment amnufacturer Escorts [which follows Oct-Sept fin year] Q1 profit at 23.4 crore as compared to net loss of Rs.0.34 crore last quarter.
Escorts would foray into manufacturing of railway wagons, besides expanding the basket of products under its tractor division: Escorts Joint MD Nikhil Nanda

Banks Q3FY10 net up

Healthy loan growth & lower interest expenses helped HDFC Q3FY10 profit zoom 31.6% to 818.5 crore.
Axis bank Q3FY10 rises 31% to Rs. 656Cr.
IDBI Q3FY10 rises 29% to Rs. 287 crore. (Rise in net interest income & improved fee income)
IndusInd Bank (Hinduja Grp promoted) profit doubles to Rs. 88 Cr.
UCO bank net up 43% at Rs.246Cr.

TCS Q3FY10 net profit rises 34%

TCS: India's biggest software exporter
TCS CEO: N Chandrasekaran
Indian IT & back office service industry: $60 bilion
net profit of TCS rose 34% to Rs.1824 crore during Q3FY10, while revenue rose 5.1%.
Like Infosys (revised revenue growth rate to 3.8% from 1.7%) , TCS revised its business outlook to positive. TCS added 32 new customers during the quarter.
TCS, whose main customers are financial services like Citigroup, JP Morgan & UK's Cardiff group, said that revenue growth from financial services is 7.3%.

Indian insurers game for adventure sports

Indian insurers game for adventure sports, which are typically offered by Wanderlust Travels, Ozone, Gravity Adventures [All bungee jumping].
Some of the insurance players who offer these:
ICICI prudential life insurance: underwriting & claims head Poonam Bardwaj
Future Generali India provides cover for loss of life to those who do not do it just as hobby. - Balaram Sarma, chief of operations