CORPORATE RESULTS
FINANCIAL SERVICES
JRG Securities net up 33%, to pay 7.5%
Kochi, May 28 JRG Securities Ltd has posted a 33 per cent rise in its net profit at Rs 5.27 crore (Rs 3.95 crore) for the year 2007-08. The board of directors has recommended a dividend of 7.5 per cent for the year. The growth in net profit ...
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PETROLEUM
IOC reports loss of Rs 414 cr in fourth quarter
New Delhi, May 28 After reporting profit for the last 10 quarters, Indian Oil Corporation (IOC), the largest oil company in the country with more than 55 per cent market share, reported a net loss of Rs 414.27 crore for the fourth quarter of ...
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POWER
REC full-year net up 30%
State-run Rural Electrification Corporation (REC) has announced a 30 per cent jump in net profit at Rs 860.15 crore (Rs 660.26 crore) for the financial year ended March 31, a growth of 30.27 per cent over the previous year. The company’s ...
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SHIPPING
Mundra Port net rises 12%
Mundra Port and SEZ Ltd’s PAT increased by 12 per cent Rs 210.42 crore (Rs 187.17 crore) while its revenues went up by 44 per cent Rs 844.92 crore (Rs 586.95 crore) in the fiscal 2007-08, according to the consolidated audited financial ...
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BREWERIES
Empee Distilleries plans fuel wood cultivation
Chennai, May 28 Empee Distilleries Ltd is exploring opportunities to get into captive farming of fuel wood to feed its biomass-based power plants, according to company officials.The company has licence to set up three plants — at ...
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RADIO/TV
Raj TV to produce movies, start news channel
Chennai, May 28 Raj Television Network Ltd plans to produce movies and start a 24-hour news channel. It is seeking private equity to fund the same. Sources in the film industry said that Raj has initiated steps to produce three films for ...
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HCV/LCV/TRACTORS
High input costs impact Tata Motors full-year net
Contraction of vehicle financing likely to impact sales
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Tata Motors: Tough fourth quarter
The fourth quarter was a bad one for Tata Motors as net earnings fell 7 per cent. Calculations by Business Line using the published numbers for the first nine months and the whole year show that net profit declined to Rs 536 ...
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Costlier inputs, low tractor sales pull M&M Q4 net down
Bracing up for a ‘more challenging year’ ahead
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REAL ESTATE & CONSTRUCTION
IVRCL group joins $1-b league
Hyderabad, May 28 The IVRCL group has crossed the $1-billion mark by achieving a turnover of Rs 4,604.30 crore, even as its flagship company Infrastructures and Projects Ltd (IVRCL) registered a turnover of Rs 1,325 crore in the fourth quarter ...
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PRIVATE BANKS
Lakshmi Vilas Bank full year profit rises 44%
Coimbatore, May 28 Despite clocking an increase of 44 per cent in its net profit to Rs 25.27 crore in 2007-08 from Rs 17.58 crore in the previous year, the Lakshmi Vilas Bank CEO and Managing Director, Mr V.S. Reddy, feels that the ...
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