Dalal Street

Satyam Computer’s net profit rose 7.19% to Rs 417.15 crore on 10.75% rise in sales to Rs 1948.24 crore in Q2 September 2007 over Q1 June 2006.

The company revised upwards earnings as well revenue guidance for FY 2008 (year ending 31 March 2008), both in rupee terms and dollar terms. The company forecasts its revenue in fiscal 2008, as per US GAAP, to be between $ 2.07 billion and $ 2.08 billion, implying a growth rate of 41.5% to 42.0% over fiscal 2007. Basic earning per American depository shares (ADS) for fiscal 2008 is expected to be $ 1.24, implying a growth rate of 36.0% over fiscal 2007.

Corresponding revenue growth under Indian GAAP consolidated is expected to be between 26.3% and 26.7%. EPS for the full year is expected to be between Rs 25.0 and Rs 25.1, implying a growth rate of 16.5% – 17.0%.

The board of Rajesh Exports has decided to subdivide equity shares of Rs 2 each to Re 1 each and to increase the authorized share capital of the company to Rs 30 crore.

The board of Rolta India has recommended the issue of bonus shares in the proportion of one equity share for every one equity share [1:1] held by the members, on a date to be fixed by the board, by capitalizing a part of the general reserve / share premium account.

Kerala Ayurveda has announced that its newly incorporated subsidiary CMS-Katra Holdings LLC, USA has acquired a 51% equity stake in US-based CMS-Katra Nursing LLC, which is acquiring the entire business and assets of CMS Inc, a leading healthcare staffing company based in Florida, USA, with a strong focus in hospitals and other healthcare facilities through placement of credentialed pool of foreign nurses.

Maruti Suzuki continues to be the leader in the Indian market. Hyundai has gained good traction in the market. Here are the final figures of Passenger Car Sales in India.

• Maruti Suzuki 63,086
• Hyundai Motors 18,009
• Tata Motors 18,061
• Mahindra & Mahindra 10,512
• General Motors 5,751
• Honda 5,674
• Toyota 5,096
• Ford 3,552
• Mitsubishi/ HM 1,119
• Skoda 900

Mahindra & Mahindra will launch Bolero, Diesel version in the United States in the next quarter.

Triveni Engineering & Industries announced that General Electric Company’s (GE) Oil & Gas business has signed an agreement with the company to enter the fast growing high speed reciprocating (HSR) compressor market in India.

GE’s agreement with the company will consist of an initial term of five years and will involve the import of bare (flange-to-flange) compressors from GE Oil & Gas Oshkosh, Wisconsin, USA facility. The company will do the engineering design, manufacturing and assembly of the package. It will also procure drivers and the rest of the components for packaging in India. The company will be the customer point of contact in India for both selling of the packaged product and the after market sales and service.