The Hindu Business Line : Sunday, July 31, 2005

Staging a surprise encore — India Inc sustains pace of profit growth
IF you thought profit growth in financial year 2005 was a tough act to follow, Indian companies have certainly come up with a surprise. They have sustained the breathtaking pace at which profits were growing in the first quarter of financial ... More

Ministry revives coal to oil conversion plan — To review 2001 report on SA's Sasol plant
WITH international crude oil prices touching $60 per barrel, the Government has pulled out an old report on converting coal into synthetic oil. The report was submitted to the Coal Ministry after an official delegation's visit to Sasol Mining ... More

AI aircraft skids off runway in Mumbai; airport back to normal
THE international airport in Mumbai, which was closed for two hours on Saturday morning after an Air India aircraft overshot the runway while landing, resumed normal flight operations, a senior airport official said. According to Mr Sudhir ... More

Tatas, Birlas to buy out New Cingular's stake in IDEA for Rs 1,300 cr
THE Tata and A.V. Birla groups have agreed to jointly buy out New Cingular Wireless' 32.91 per cent stake in IDEA Cellular for $300 million (about Rs 1,300 crore). IDEA is an equal joint venture between New Cingular and the Tata and A.V. Birla ... More

HLL reports 17 pc rise in Q2 net, to pay Rs 2.50 interim
HINDUSTAN Lever Ltd (HLL) appears to be bouncing back on to the growth path as it reported a net profit before exceptional items of Rs 300.47 crore for the June 2005 quarter, higher by 17 per cent from the year-ago period's Rs 256.40 crore. The ... More

ICICI Bank Q1 net up 23 pc
ICICI Bank has reported a 23-per cent rise in net profit at Rs 530 crore for the first quarter ended June 30, 2005, against Rs 430.74 crore in the corresponding quarter last year, due to growth in consumer credit and fee income. Ms Kalpana ... More

Medicine stocks worth Rs 180 cr destroyed in Mumbai floods
MEDICINE supplies are under pressure with stocks worth an estimated Rs 180 crore being destroyed in the heavy rain here earlier this week. Several major pharma companies have their godowns at Bhiwandi, on the outer fringes of Mumbai, and these ... More

Textile cos escape major damage
NOTWITHSTANDING Mumbai's brush with bad weather over the past few days, damage to textile units has been on the lower side. Most of the large textile players have moved their operations to other areas over the past few years to achieve ... More