The Hindu Business Line : Thursday, May 08, 2008

OUTSOURCING
ExlService Q1 net income rises 26%
Nasdaq-listed business process outsourcing company ExlService Holdings has reported about 26 per cent rise in its net income for the first quarter ended March 31, 2008 to $6.8 million compared with $5.4 million in the year-ago period. Its ... More

PETROLEUM
MRPL net rises on better refining margins, higher domestic allocation
Mangalore Refinery and Petrochemicals Ltd (MRPL) earned a net profit of Rs 1,272 crore during 2007-08 against Rs 525 crore in the previous year, recording a growth of 142 per cent. Its turnover during 2007-08 stood at Rs 37,339 crore ... More

PHARMACEUTICALS
Torrent Pharma full year net rises 44%
Ahmedabad, May 7 The Ahmedabad-based Torrent Pharmaceuticals Ltd has announced a 44 per cent increase in its net profit for the fiscal 2007-08 as new products were introduced. Its consolidated sales stood at Rs 1,336 crore, up three per cent ... More

SOFTWARE
Cognizant Q1 net income surges 36%
Chennai, May 7 Cognizant Technology Solutions, the US-based software company with offshore centres in India, reported 36 per cent increase in net income at to $102 million during the first quarter ended March 2008 against $75 million in the ... More

PRIVATE BANKS
Development Credit Bank net profit rises 420%
Non-interest income, net interest income drive growth More

PUBLIC SECTOR BANKS
Union Bank Q4 net more than doubles
Boosted by lower tax outgo, staff cost More

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Looking back
Apr. 27-May. 3
IDBI Bank Q4 net surges 15% on higher interest income

Recoveries offset dip in treasury gain for IOB

Hindalco Q4 net up 49% on tax write-back

Bank of India net rises 69% on all-round growth

KEC International net zooms