Business Daily from THE HINDU group of publications
Friday, January 23, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, January 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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NEW PROJECTS: Ticel Biopark set for Rs 120-cr expansion To provide additional 4.5 lakh sq.ft of space for companies. Chennai, Jan.22 Ticel Biopark Ltd, the infrastructure facility for biotechnology R&D, is set for a Rs 120-crore expansion to provide an additional 4.5 lakh sq.ft of space for ... FINANCIAL PERFORMANCE: United Spirits plummets 23% after weak Q3 nos Net down 65% on high raw material costs. Bangalore, Jan. 22 The stock price of United Spirits was down nearly 23 per cent to Rs 567.95 on Thursday on the back of the company posting a lower net profit by about 65 per cent to Rs 30.59 crore ... OUTLOOK: RPL’s first products this month Reliance Petroleum Ltd is expected to despatch its first parcel of products from the Jamnagar refinery in January. The refinery has started its crude processing on December 25, 2008 and achieved successful production of various products, ... NEW BUSINESS: Suzlon enters Sri Lankan market ... ALLIANCES & JOINT VENTURES: CCCL and Sastra University tie up ... FINANCIAL PERFORMANCE: Results at a glance ... NEW BUSINESS: Ashok Leyland bags Rs 480-cr DTC order Chennai, Jan. 22 In a sagging market, Ashok Leyland has bagged an order for 875 high-end ultra low entry buses from the Delhi Transport Corporation. The order is valued at Rs 480 crore and, according to the company press release, this is ... ALLIANCES & JOINT VENTURES: L&T signs pact with Canadian atomic firm Mumbai, Jan. 22 Engineering major Larsen and Toubro, and Atomic Energy of Canada Ltd (AECL) have signed a memorandum of understanding for cooperation in Advanced CANDU ... ANNOUNCEMENTS: ‘RPower investment in liquid schemes’ market value important’ Mumbai, Jan. 22 Reliance Power, whose jumbo initial public offering of shares had collected Rs 11,500 crore in January last year, has utilised Rs 2,686 crore of the proceeds as of December 31, 2008, while Rs 8,874 crore of the IPO money had ... CORPORATE GOVERNANCE: Damodaran questions quarterly result practice Mumbai, Jan. 22 The quarterly reporting of the financial accounts by the listed companies triggered financial re-engineering of the accounts in order to show profit quarter after quarter said former SEBI Chairman, Mr ... COURTS/LEGAL ISSUES: Govt can earn more if a higher price is set for KG gas, says Reliance counsel Mumbai, Jan. 22 The Union Government stands to gain $ 3.3 billion in terms of additional royalty and profit petroleum if the gas from Reliance Industries controlled KG Basin is sold at $ 4.20/mbtu rather than $ 2.34/mbtu, said Mr Harish ... OUTLOOK: French UPS firm Socomec investing €4 m in India Chennai, Jan. 22 French uninterrupted power supply (UPS) manufacturer Socomec Innovative Power Solutions will invest €4 million in its wholly owned switchgear manufacturing subsidiary in ... FINANCIAL PERFORMANCE: Apollo Tyres net down 91% New Delhi, Jan. 22 The dip in vehicle sales and 35 per cent increase in raw material costs has led to Apollo Tyres post a 91 per cent drop in its standalone net profit to Rs 5.5 crore for the quarter ended December 2008 as against Rs 62.1 ... MERGERS & ACQUISITIONS: Corus, Klesch share purchase deal ... FINANCIAL PERFORMANCE: Hikal net rises 8% on higher sales Pune Jan. 22 Hikal Ltd has recorded a 53 per cent rise in net sales of Rs 130.9 crore (Rs 85.8 crore) for the third quarter, a 53 per cent rise. PAT rose to Rs 15.9 crore (Rs 10.1 crore), an 8% per cent increase. Crop protection sales touched ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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