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Investment through PNs rising again
The notional value of investments in the domestic stock market through participatory notes (PNs), the off-shore derivatives issued by foreign institutional investors (FIIs), rose from 15.5 per cent in August to 16.4 per cent and 16.5 per cent in September and October, respectively.

Sical likely to set up iron ore terminal in Mangalore
Sical Logistics Ltd has received Letter of Acceptance (LOA) from the New Mangalore Port Trust for setting up an iron ore handling facility at the deep draft multi purpose berth on BOT basis at New Mangalore Port. The Concession Agreement was signed recently between the Board of Trustees of New Mangalore Port Trust and Sical Iron Ore Terminal (Mangalore) Ltd (an SPV arm of Sical).

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Markets pare gains in noon trades
The Sensex opened in the red following cues from Asian markets. The index touched a low of 16,161 but recovered to a high of 16,357. The index has dropped again and is now down 70 points at 16,288.
Public Relations

Sun TV Network profit surges 20% to Rs 130 cr

Media house Sun TV Network today reported a rise of 20.54 per cent in its net profit at Rs 130.56 crore for the second quarter ended September 30, over the same period a year earlier. - Sun TV ties up with Endemol - Tata Steel net dips 50% to Rs 903 cr - GMR Infra net dips 40%; to raise Rs 1,000 cr - United Spirits Q2 net down 25% at Rs 69 cr - Wipro Q2 consolidated net up 19% at Rs 1,161 cr - Idea Cellular Q2 net profit at Rs 220 crore The company"s income rose to Rs 320.3 crore in the latest quarter of the current financial year from Rs 237.8 crore in the corresponding quarter last year, Sun TV Network said in a filing to the Bombay Stock Exchange (BSE). Sun TV Networks operates 20 satellite television channels in Tamil, Telugu, Kannada and Malayalam. The company also runs FM radio stations. For the half year ended September 30, 2009, the company posted a net profit of Rs 250.36 crore, up 18.74 per cent as against Rs 210.85 crore in the same period a year ago. "The channels have been able to maintain their advertising growth from a well-diversified mix of clients (national, regional and local) across multiple product categories," Sun TV Network said. Shares of Sun TV Network were trading at Rs 328.90, up 2.62 per cent in afternoon trade on the BSE.


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