2.13 crore shares were traded in the Reliance Natural Resources (RNRL) counter on BSE today. The share price declined 0.58% to Rs 42.90.

The Bombay High Court's final verdict on the allocation of gas from Reliance Industries' (RIL) Krishna-Godavari block which was adjourned till 18 July 2007 was adjourned again by eight weeks

The court, however, said the government can go ahead with the process of fixing of gas price as per the contract for the field, without any prejudice to either party.

Reliance Industries (RIL) had challenged Justice A M Khanvilkar's interim order restraining it from selling 40 million standard cubic metres of gas per day to be produced in Krishna Godavari gas field, which RNRL says has been committed to it for its power plants.

The Bombay High Court said on 21 June 2007 that RIL cannot sell the gas to be produced from one of its prime blocks in the Krishna-Godavari basin to any third party other than Anil Ambani’s RNRL and NTPC. In an interim order on a petition filed by RNRL, the high court said that the 81.6 million standard cubic metres per day (mscmd) of gas is to be earmarked for RNRL, NTPC or for RIL’s captive use for the next eight years.

On 4 May 2007, an interim order was passed by Justice A M Khanwilkar, preventing RIL from selling off the quantity of gas from its Andhra offshore field committed to younger brother Anil Ambani's entities including RNRL as part of 2005 demerger pact between the two brothers Mukesh and Anil.

K S Oils clocked the second highest volume of 1.04 crore on BSE. A 10-for-1 stock split was effected today in the scrip. The shareholders of the company had accorded their approval for the sub-division of equity shares from the nominal value of Rs 10 each into Rs 1 each at the Annual General Meeting (AGM) of the company held on 23 June 2007. In this regard, the company has fixed 25 July 2007 as record date for the sub-division of equity shares.

On 17 July 2007, Singapore-based private equity firm Baring Pvt Equity Asia had picked up 7.5% stake in KS Oils by investing Rs 90 crore.

Mangalore Chemicals & Fertilizers clocked the third highest volume of 90.30 lakh shares on BSE. The share price rose 13.66% to Rs 20.80.

Mangalore Chemicals & Fertilizers net profit rose 68.17% to Rs 5.23 crore in Q4 March 2007 as against Rs 3.11 crore in Q4 March 2006. Sales rose 19.74% to Rs 287.16 crore in Q4 March 2007 as against Rs 239.81 crore in Q4 March 2006. The results were announced on 25 April 2007.

IDBI clocked the fourth highest volume of 89.75 lakh shares on BSE. The share price declined 3.14% to Rs 115.60.

IDBI's net profit rose 1.69% to Rs 153.12 crore in Q1 June 2007 as against Rs 150.57 crore in Q1 June 2006. Operating income rose 31.4% to Rs 2193 crore in Q1 June 2007 compared to Rs 1668.34 crore in Q1 June 2006. IDBI announced the results during trading hours today, 18 July 2007.

On 29 June 2007, IDBI sold 9 lakh equity shares constituting 2% of the issued and paid-up capital of National Stock Exchange of India (NSE) to MS Strategic (Mauritius) for $50 million.

In January 2007, the then NYSE Group Inc. and three others, including Goldman Sachs, each paid $115 million for 5% stakes in the NSE.

IFCI clocked the fifth highest volume of 75.03 lakh shares on BSE. The share price declined 1.14% to Rs 56.60.

On 9 July 2007, IFCI announced that the board of directors of the company at its meeting held on 06 July 2007 had approved `in principle' a proposal for inviting expression of interest from strategic investors in accordance with long-term vision and business objectives of the company. The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.

IFCI reported a net profit of Rs 246.86 crore in Q1 June 2007 as against a net loss of Rs 15.61 crore in Q1 June 2006. Operating income rose 96.6% to Rs 506.35 crore in Q1 June 2007 as against Rs 257.61 crore in Q1 June 2006. The results were announced on 6 July 2007.