International Crude oil Price of Indian Basket Falls on 25.07.2012 to US$ 101.09/BBL

The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas came down to 101.09 US$ /barrel (bbl) on 25.7.2012.The price was lower than US$ 101.58 /bbl on the previous trading day of 24.7.2012.

In rupee terms, however, the crude oil price increased to Rs 5699.45 per bbl on 25.07.2012 from Rs 5690.51 per bbl on 24.07.2012. This was due rupee depreciation with rupee-dollar exchange rate on 25.07.2012 at Rs 56.38 /US$ against Rs  56.02  /US$ on 24.07.2012. 

Particulars	Unit	Price on 25 July, 2012 (previous trading day i.e. 24.7.2012)	Last Fortnight July 1-15, 2012 (previous fortnight June 16-30, 2012)
Crude Oil (Indian Basket)	($/bbl)	101.09        (101.58)	97.78        (92.08)
	(Rs/bbl)	5699.45(5690.51)	5418.97    (5201.60)
Exchange Rate	(Rs/$)	56.38   (56.02 )	55.42        (56.49)

India's Trade deficit falls to $10 Billion in June

India’s exports for the month of June 2012 registered a decline of (-) 5.45%, at US $ 25.07 billion compared to June 2011 when it stood at US $ 26.51 billion. During June 2012, the imports were US $ 35.37 billion with a negative growth of (-) 13.46%. Balance of Trade stood at US $ 10.3 billion during the same period. The cumulative figure for the period of April-June 2012 shows exports at US $ 75.20 billion registering the negative growth of (-) 1.7%; while imports for the same period stood at US $ 115.26 billion registering the growth of (-) 6.10%. During June 2012, the following sectors have done well with regard to exports in percentage terms – rice (104%), iron ore (40%), oil meal (38%) and spices (35%). In absolute terms, during April-June 2012 quarter, petroleum stood at 12.9 billion, engineering goods (14.6 billion), gems & jewellery (10 billion), drugs (2.1 billion) and readymade garments 3.2 billion. In percentage terms, during the said quarter rice registered a growth of 73%, spices (32%), drugs (13.4%), oil meals (13.2%) and fruits & vegetable (9.53%). As regards to imports during June 2012, the growth estimates on the following sectors are: Medicine (14.7 %); vegetable oil (8%); Iron & Steel (7.9%), professional equipments (8.5%), artificial resin (5%). In terms of absolute value during the same period, petroleum stood at 12.6 billion; gold & silver (1.9 billion); machinery parts (2.7 billion); pearls (1.8 billion) and electrical goods of 2.6 billion. During the April-June 2012, vegetable oil registered a growth of 49.8%, sulphur (37%), project goods (27%), transport equipments (21.6%), and artificial resin (21.3%). In absolute terms during the quarter period of April-June 2012, petroleum stood at 41.5 billion, gold & silver (9.4 billion); machineries (8.5 billion); pearls (4.6 billion) and electrical goods (7.1 billion). The trade figures were released by the Department of Commerce in a media interaction today by Commerce Secretary Shri S R Rao and DGFT Dr. Anup K Pujari. Figures for the month of June 2012 are provisional and subject to change.

PVR Opens Multiplex at 'Silver Arc Mall' in Ludhiana

PVR Ltd has opened another mulitplex on July 12, 2012 at "Silver Arc Mall", at 3rd and 4th floor, 622 Ferozpur Road, Ludhiana in Punjab. This mulitplex has 6 screens fitted with latest sound and projection system. With the opening of this multiplex at Ludhiana, the total screens count has gone upto 179 screens at 41 locations across 24 cities in 12 states and 1 union territory. The multiplex has total seating capacity of 1423 seats and will provide an exceptional digital movie experience to the cinegoers of the city. The PVR Ltd stock closed the day at Rs.169.95, up by Rs.7.65 or 4.71%. The stock hit an intraday high of Rs.171 and low of Rs.161.30. The total traded quantity was 6489 compared to 2 week average of 29040.

TCS Board declares Interim Dividend of Rs.3 for 2012-13

The Board of Directors of Tata Consultancy Services Ltd at its meeting held on July 12, 2012, have declared an Interim Dividend of Rs. 3 per Equity Share of Rs. 1 each of the Company. The Interim Dividend will be paid to the equity shareholders of the Company on August 07, 2012. Tata Consultancy Services Ltd has announced the financial results for the quarter ended June 30, 2012. The Company has posted a net profit of Rs. 27975.90 million for the quarter ended June 30, 2012 as compared to Rs. 20624.30 million for the quarter ended June 30, 2011. Total Income has increased from Rs. 86968.10 million for the quarter ended June 30, 2011 to Rs. 115799.10 million for the quarter ended June 30, 2012. The Group has posted consolidated net profit of Rs. 33176.80 million for the quarter ended June 30, 2012 as compared to Rs. 24147.60 million for the quarter ended June 30, 2011. Total Income has increased from Rs. 110911.60 million for the quarter ended June 30, 2011 to Rs. 150549.70 million for the quarter ended June 30, 2012.

R S Software India Q1 Profit climbs to Rs.9.58 crore

R.S. Software (India) Ltd has announced its Financial Results for the period ended June 30, 2012. The company has posted net profit of Rs.95.8 million for the quarter ended June 30, 2012 as compared to Rs.50.1 million for the quarter ended June 30, 2011, representing an increase of 91.22%. Total income was at Rs.806.6 million for the quarter ended June 30, 2012 where as the same was at Rs.565.1 million for the quarter ended June 30, 2011, representing an increase of 42.74%. The company has reported an EPS of Rs.8.69 for the quarter ended June 30, 2012 as compared to Rs.4.54 for the quarter ended June 30, 2011. Shares of R.S. Software (India) Ltd was trading in BSE at Rs.85.60, up by Rs.0.80 or 0.94%. The stock hit an intraday high of Rs.87 and low of Rs.82. The total traded quantity was 0.36 lakhs compared to 2 week average of 0.58 lakhs.