Fundamental Snippets

Tata Power's Q4 net profit was down at Rs 69.9 crore versus Rs 138.8 crore on YoY basis. Operating profit margin was down at 0.53% versus 13.4% in the corresponding quarters.

Tata Chemicals posted net profit of Rs 94 crore in Q4 of FY07 compared to Rs 64 crore in Q4 of FY06. Net sales stood at Rs 803 crore (Rs 8.03 billion) versus Rs 754 crore (Rs 7.54 billion).

Hindustan Motors's net profit was at Rs 53 crore in Q4 versus Rs 13.8 crore on QoQ basis. The net sales figure stood at Rs 154.8 crore versus Rs 167.4 crore on QoQ basis.

Kingfisher is believed to be buying Air Deccan, India's leading low-cost airline, in a move that would make him the country's biggest aviation player by marketshare. The Air Deccan-Kingfisher alliance would have the largest market share in the industry and is likely to pose a stiff challenge to Jet Airways, which recently bought out Air Sahara to cement its position in the domestic market

Spice Telecom would merge with Idea (Source CNBC), and was being valued at between 45-50 billion rupees ($1.1-1.2 billion) Spice Telecom provides services in two of the 23 circles or zones that make up telecoms market, and had 2.8 million subscribers as of end-April. Idea Cellular, which provides services in 13 circles, had 14.6 million subscribers at the end of April.