MARKET UPDATES

• L&T has bagged an order of Rs 2,000 crore for the development of Bombay Dyeing Mills, reports CNBC TV18 .
• Infosys has a price target of Rs 1,950, says R Ravi of Karvy Stock Broking on CNBC TV18. The stock is up 4.11% since results have been announced and is trading at Rs 1,480 on the BSE. Infosys guidance: FY09 revenues at $5 billion, FY09 sales between Rs 19,890 crore versus Rs 20,214 crore, EPS between Rs 92.32 - Rs 93.92. The company has raised dividend payout to 30% from 20% and has added 5,947 employees in Q4, ends with 91,187 employees.
• Liquor prices may go up by 20% .
• Polaris Software Lab Ltd said that a meeting of the board of directors of the company would be held on April 23 to consider, approve and take on record the audited financial results of the company for the quarter and financial year ended March 31 , 2008 and to recommend dividend for the financial year 2007-2008.
• GTL, engaged in providing telecom infrastructure facilities, announced good results for the quarter ended March 31, 2008, riding on a robust sector. The stock was up 4% post results on a day when the broader Sensex was up 0.72%.
• Zee Entertainment Q4 net at Rs 79.46 cr .......The Company has posted a net profit after tax of Rs 79.46 crore for the quarter ended March 31, 2008 as compared to Rs 59.22 crore for the quarter ended March 31, 2007. Total Income has increased from Rs 216.56 crore for the quarter ended March 31, 2007 to Rs 341.34 crore for the quarter ended March 31, 2008.
• On Monday, one barrel (159 litres) of crude produced by OPEC members stood at $104.02, up 35 cents from the previous day.
  OPEC followed international bullish trends Monday. In New York, Nymex index ended Monday's trading at $111.76 per barrel, the highest settlement on record, while Brent crude also posted a new high.
• Ambuja Cements said that it would not be able to export cement till the `Ban on the Export of Cements` remains in force.