Business Daily from THE HINDU group of publications
Saturday, July 19, 2008
ePaper | Mobile/PDA Version | Audio
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Business Daily from THE HINDU group of publications Saturday, July 19, 2008 ePaper | Mobile/PDA Version | Audio |
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CORPORATE RESULTS
SOFTWARE:
Wipro Q1 net grows 25% at Rs 908 crMuted growth forecast for Q2. Bangalore, July 18Wipro Ltd, the country’s third largest IT services provider, reported first quarter revenue marginally higher than what it had estimated. ... 
CEMENT:
UltraTech Q1 net profit rises 2 pc, sales up 10%Export ban, input cost spike hurt margins. Mumbai, July 18 Hit by the 6-week cement export ban and high input cost, UltraTech Cement has reported a muted 2 per cent rise in net profit at Rs 265 crore in the first quarter ended June 30, against ... 
SOFTWARE:
Satyam Q1 net up 45 pcRevenues set to cross Rs 10,000 cr this fiscal. Hyderabad, July 18 Satyam Computer Services registered 43.20-per cent growth in software revenues and 44.77-per cent growth in net profit for the first quarter ended June 30, 2008 in comparison ... 
PUBLIC SECTOR BANKS:
Allahabad Bank’s net profit slips 53%Provisioning for treasury investments weighs down Q1. Kolkata, July 18 Allahabad Bank’s net profit dropped by almost 53 per cent to Rs 93.36 crore for the quarter ended June 30, 2008, down from Rs 200.40 crore in the corresponding ... COKE & METALURGICAL COKE: Gujarat NRE plans Rs 450-cr greenfield project in AP Net profit zooms to Rs 94 cr; Rights dropped, bonus proposed. Kolkata, July 18 Gujarat NRE Coke plans to set up a greenfield, 1-million tonne coke manufacturing facility at Nellore in Andhra Pradesh. The Rs 450-crore project will be financed ... CEMENT: Ckoramaandel Cements net at Rs 4.24 cr Ckoramaandel Cements Ltd’s net profit marginally increased at Rs 4.24 crore in the first quarter ended June 30, 2008 compared with Rs 4.16 crore in the corresponding quarter of last fiscal. The total sales increased by 31 per cent at Rs ... 
SOFTWARE:
Sasken bucks slowdown; profit up 115% in Q1Records improved earnings from software services. Bangalore, July 18 Sasken Communication Technologies Ltd reported a 115-per cent increase in its net profit at Rs 13.7 crore for the quarter ended June 30 over the corresponding period last ... 
TYRES:
Apollo Tyres Q1 net up 4% as input prices soarNew Delhi, July 18 Soaring prices of natural rubber and crude-based chemical products has led Apollo Tyres post a marginal increase of 4 per cent in its net profit despite its net sales recording a 23 per cent growth. ... STEEL: Tata Steel 1st quarter sales rise 11% Mumbai, July 18 Tata Steel, furnishing figures relating to its India operations, said hot metal production at 1.387 million tonnes and crude steel at 1.253 million tonnes was higher by 3.2 per cent and 8.6 per cent for the first quarter of ... 
PHARMACEUTICALS:
Cipla net rises 17%A robust 50 per cent growth in exports and 16 per cent growth in domestic sales buoyed Cipla’s bottomline for the three months ended June 30, 2008. ... STEEL: Tata Metaliks Q1 net up 31% on higher prices To invest Rs 75 cr on sinter plant. Kolkata, July 18 Riding high on rising prices, Tata Metaliks reported 31.7 per cent growth in net profit at Rs 20.23 crore for the quarter ended June 30, 2008, up from Rs 15.36 crore during the corresponding ... SHIPPING: GE Shipping Q1 net down 8% Mumbai, July 18 Great Eastern Shipping Company’s net profit for the first quarter ended June 30, 2008 was down eight per cent to Rs 387.59 crore against Rs 421 crore for the same period last year because of a negative impact of Rs 138.57 ... SOFTWARE: Satyam delivers on profit growth; outlook clouded BL Research Bureau Satyam Computer has delivered a higher profit growth in the June quarter (17.3 per cent sequential growth) than its top tier peers, aided by volume growth, low growth in staff costs and a depreciating rupee. ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Radar: Resources elsewhere Looking back Jul. 6-Jul. 12 Infosys betters guidance, pricing outlook clouded |
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