Three SME IPOs to hit capital market this month to raise funds

 Besides, the initial share sale plan of Krishana Phoschem is under way while that of Steel City Securities closed earlier this month. |Three SME IPOs to hit capital market this month to raise funds To tap upbeat investor sentiment, three small and medium enterprises (SMEs) -- Nitiraj Engineers, Global Education and Tanvi Foods -- will come out with their initial public offerings (IPOs) this month to raise about Rs 39 crore. Besides, the initial share sale plan of Krishana Phoschem is under way while that of Steel City Securities closed earlier this month. According to draft papers, Nitiraj Engineers plans to mop up Rs 22.01 crore through its IPO and Global Education, which will sell 6.83 lakh shares, is expected to garner about Rs 10 crore and Tanvi Foods (India) Private Ltd Rs 6.6 crore. Nitiraj Engineers' IPO will be open to public subscription between February 20 and March 1 and that of Global Education will be on between February 16 and February 21 whereas Tanvi Foods' public issue will open on February 17 and close on February 22.

Tata Investment Q3 net profit declines 12% to Rs 22 cr

 The tata group company had posted a net profit of Rs 25.39 crore in the October-December quarter of the 2015-16 fiscal, Tata Investment said in a regulatory filing on stock exchanges. | 1 Comments Tata Investment Q3 net profit declines 12% to Rs 22 cr Tata Investment reported a 12 percent decline in its net profit at Rs 22.38 crore for the third quarter ended December 31. The tata group company had posted a net profit of Rs 25.39 crore in the October-December quarter of the 2015-16 fiscal, Tata Investment said in a regulatory filing on stock exchanges. The company's total income also declined to Rs 32.29 crore in the quarter under review from Rs 35.18 crore in the same period a year

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BSE Q3 net profit drops 17% to Rs 64 cr

The exchange had posted a net profit of Rs 76.73 crore in the third quarter ended December 31, 2015-16, latest update available with BSE (formerly known as Bombay Stock Exchange) website showed. |  BSE Q3 net profit drops 17% to Rs 64 cr Leading stock exchange BSE has reported a 17 per cent decline in consolidate net profit to Rs 63.73 crore in the October-December quarter of the current fiscal. The exchange had posted a net profit of Rs 76.73 crore in the third quarter ended December 31, 2015-16,  However, total income increased to Rs 174.72 crore in the third quarter, from Rs 160.56 crore in the same period a year ago. Overall expenses rose to Rs 112.36 crore in the quarter under review, from Rs 97.78 crore in the same period last fiscal, mainly due to employees, computer technology and administration related spending.

Siti Cable Network Q3 net loss at Rs 26 crore 

 The company had posted a net profit of Rs 14.65 crore in October-December quarter of the previous fiscal. | Siti Cable Network Q3 net loss at Rs 26 crore Essel group firm Siti Cable Network today reported a consolidated net loss of Rs 26.33 crore for the third quarter ended December 31. The company had posted a net profit of Rs 14.65 crore in October-December quarter of the previous fiscal. The company's total income from operations during the quarter under review declined by 13.23 per cent to Rs 298.46 crore, as against Rs 344 crore in the year-ago period, Siti Cable said in a BSE filing.