The Hindu Business Line : Thursday, July 24, 2008

CORPORATE RESULTS

SOFTWARE: Mastek Q4 net rises on insurance revenues push
Improved productivity, tighter execution of projects propel growth. Mumbai, July 23 Healthy revenue contributions from the insurance practice coupled with tighter execution of existing contracts have propelled the Mumbai-based IT solutions ...

ENGINEERING: Thermax delivers Q1 nos in line with expectations
Growth in order book belies fears of slowdown. The first quarter performance of Thermax was in line with expectations, belying fears of any significant slowdown in growth. ...

SOFTWARE: California Software net up 14%
California Software, the Chennai-based software company, has reported a 14 per cent increase in net profit to Rs 2.48 crore for the first quarter ended June 30, 2008 as against Rs 2.18 crore in the corresponding quarter last year. Total ...

SOFTWARE: Infotech Q1 net doubles, but down 5% sequentially
To set up 3 SEZs in Andhra Pradesh. Hyderabad, July 23 Infotech Enterprises has recorded revenues of Rs 200.61 crore with a profit of Rs 24.5 crore for the first quarter ended June 30, 2008 as against revenue of Rs 148.81 crore and profit of ...

PHARMACEUTICALS: Strides suffers Rs 56-cr net loss
Bangalore, July 23 Strides Arcolab suffered second-quarter loss of nearly Rs 56 crore year-on-year on a standalone basis largely due to currency fluctuations and the MTM (mark to market) impact. In the second quarter of FY07 it had posted a ...

GENERAL INSURANCE: Star Health posts Rs 3.16-cr profit in first year
Star Health and Allied Insurance has turned in a net profit of Rs 3.16 crore for the year 2007-08, its first full year of operations. The company’s Chairman and Managing Director, Mr V. Jagannathan, termed the achievement as ...

BREWERIES: United Spirits net up 34% at Rs 117 cr
Bangalore, July 23 United Spirits Ltd (USL) reported a 34 per cent growth in its net profit at Rs 117 crore on revenue of Rs 1,013 crore for the quarter ended June 30. ...

TEXTILE MACHINERY: LMW Q1 sales, net profit dip
Textile machinery major Lakshmi Machine Works Ltd (LMW), Coimbatore, has witnessed a near five per cent drop in net sales/income from operations in the first quarter of current fiscal compared to the same period last ...

PAINTS: Asian Paints net profit, sales rise 30% in Q1
Mumbai, July 23 Higher sales enabled Asian Paints to clock a 29.6 per cent increase in its consolidated net profit to touch Rs 106.2 crore for the quarter ended June 30, 2008, as compared to Rs 81.0 crore during the previous corresponding ...

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Commodities & currency (July 23)

Gold (per gram) Rs	1,192
Silver (per gram) Rs	26.55
Brent crude (per bbl) Rs	5,484
US Dollar (Buy/Sell)	42.09/10

Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

Other Top Stories
Car makers, dealers push sales anticipating increase in rates

Blue Dart expands to SAARC countries

Cash for vote charge: Will banking cash transaction tax throw up a trail?

‘Exports to Canada rise 50%’

SP’s entry has GSM operators worried

Asian Paints net profit, sales rise 30% in Q1

Looking back
Jul. 13-Jul. 19
Gujarat NRE plans Rs 450-cr greenfield project in AP

Satyam delivers on profit growth; outlook clouded

Allahabad Bank’s net profit slips 53%