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CORPORATE RESULTS
CARS:
Maruti Q1 net skids despite higher sales
Higher input costs, new depreciation policy impact show. New Delhi, July 21 Maruti Suzuki, the country’s top car maker, posted a drop in net profit despite higher sales, mainly on account of a sharp increase in raw material prices and a ...
SOFTWARE:
Tech Mahindra bags $700-m outsourcing deal from BT
Mumbai, July 21 The sixth largest software vendor, Tech Mahindra, has bagged a $700-million (about Rs 2,975 crore) outsourcing deal from its largest client and shareholder - the UK-based BT group, for a five-year ...
SOFTWARE:
Nucleus Software first quarter net dips 43%
Delay in the start of executing orders cited as the reason. Nucleus Software Exports has posted a 43 per cent drop in the consolidated net profit for first quarter ended June 2008 to Rs 8.03 crore, on the back of a 12 per cent decline in ...
PUBLIC SECTOR BANKS:
Canara Bank Q1 net profit slips on higher provisions
Net interest income up; operating profit shows 15% growth. Bangalore, July 21 Public sector Canara Bank reported a 49 per cent drop in net profit for the first quarter, largely hurt by higher provisions compared with the year-ago period, but ...
PETROLEUM:
Petronet LNG hopes to finalise long-term contract
2% dip in first quarter net at Rs 106 cr. New Delhi, July 21 Petronet LNG Ltd (PLL) hopes to close a long-term LNG contract soon following its board’s in-principle nod. ...
PHARMACEUTICALS:
Dr Reddy’s net down 26% at Rs 134 cr
To buy back Perlecan shares from ICICI, Citigroup for $18 m. Hyderabad, July 21 Pharma major Dr Reddy’s Laboratories Ltd’s net profit decreased 26 per cent at Rs 134.6 crore in the first quarter ended June 30, 2008 compared with Rs ...
FINANCIAL SERVICES:
IL&FS Investment Managers standalone net up 64%
IL&FS Investsmart reports fall in profit. Mumbai, July 21 IL&FS Investment Managers Ltd, the private equity investment arm of IL&FS, today reported a 63.7 per cent jump in its standalone net profit at Rs 9.5 crore against Rs 5.8 ...
PUBLIC SECTOR BANKS:
Indian Bank Q1 net up despite higher depreciation
Credit sanctions grow by Rs 4,000 cr; investments slide. Chennai, July 21 Indian Bank has reported a higher net profit for the April-June quarter of the current year compared to the corresponding quarter last year, despite the fact that the ...
REAL ESTATE & CONSTRUCTION:
HDIL to rehabilitate Mumbai slum dwellers occupying airport land
Resettlement of 20,000 families to cost Rs 2,750 cr. Mumbai, July 21 Mumbai-based developer Housing Development and Infrastructure Ltd (HDIL) will rehabilitate and resettle 20,000 slum-dweller families of the 85,000 occupying the Mumbai ...
STEEL:
SAIL’s profit after tax up 20% in Q1
New Delhi, July 21 Riding on a more than 10 per cent growth in domestic sales coupled with a 30-40 per cent increase in steel prices over the past one year, Steel Authority of India Ltd on Monday reported a profit after tax of Rs 1,835 crore ...
AIR-CONDITIONERS & REFRIGERATORS:
Voltas Q1 net jumps 63 pc
Mumbai July 21 Tata Group company, Voltas, a global air-conditioning and engineering service provider, has reported a 63 per cent increase in net profit for the quarter ended June 30, 2008, to touch Rs 85.13 crore, against Rs 52.16 crore in ...
PRIVATE BANKS:
ING Vysya Bank net rises 60%
Bangalore, July 21 ING Vysya Bank today reported an increase of 60 per cent in its net profit at Rs 40.63 crore for the quarter ended June 30, 2008 compared with Rs 25.32 crore for the corresponding period last fiscal. A 52 per cent jump in ...
HOUSING FINANCE:
LIC Housing Finance Q1 net rises 124%
Mumbai, July 21 Buoyed by higher growth in business and lower provisions, LIC Housing Finance Ltd has reported a 124 per cent increase in net profit in the first quarter of 2008-09 at Rs 104.66 crore, against Rs 46.69 crore in the ...
ELECTRICAL GOODS:
BHEL Q1 net rises 33% on higher sales
New Delhi, July 21 Buoyed by a healthy topline growth, State-owned equipment major Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 33 per cent jump in net profit during the first quarter of the current fiscal. ...
PAPER, BOARD & NEWSPRINT:
JK Paper net profit dips to Rs 10.29 cr
JK Paper Ltd has posted a dip in its net profits at Rs 10.29 crore for the quarter ended June 30, 2008 as against Rs 12.38 crore for the corresponding quarter last year. The gross sales stood at Rs 314.45 crore, a 35 per cent rise against Rs ...
BEARINGS, CASTINGS & FORGINGS:
Electrosteel Castings net drops
Electrosteel Castings Ltd has posted a lower net profit of Rs 15.41 crore in the quarter ended June 30, 2008. The company’s net profit in the same period last year was Rs 29.81 crore. In the period for April-June 2008, the profit before tax ...
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