The Hindu Business Line : Friday, April 24, 2009

CORPORATE RESULTS

PETROLEUM: Reliance Q4 net declines 9.4% on shrinking refining margins
Profit drops 21% for full year; KG production likely to be scaled up. Mumbai, April 23 Reliance Industries has reported its second consecutive decline in quarterly net profit, as adverse global conditions continued to shrink its refining ...

HOUSING FINANCE: LIC Housing Fin Q4 net up 33% on improved margins, biz growth
Demand for housing improving, pricing reasonable: R.R. Nair. Mumbai, April 23 LIC Housing Finance’s net profit rose 33 per cent to Rs 157.55 crore in the fourth quarter of 2008-09, against Rs 118 crore in the corresponding quarter of ...

POWER: Reliance Infra posts 11% rise in Q4 net
Mumbai, April 23 Reliance Infrastructure Ltd of the Anil Ambani Group has posted a 11 per cent increase in net profit for the fourth quarter. The company has attributed the rise to the increase in the number of units of electricity sold by ...

PRIVATE BANKS: HDFC Bank Q4 net rises 34%
HDFC Bank’s net profit increased by 34 per cent to Rs 631 crore for the quarter ended March 31, 2009 from Rs 471 crore in the corresponding quarter last year. The rise in profits was on account of substantial growth in fee ...

HARDWARE: HCL Info net down 29% in Q3
New Delhi, April 23 HCL Infosystems on Thursday reported about 29 per cent drop in its consolidated net profit for the third quarter ended March 2009, on account of higher employee costs and administrative overheads. The drop in net profit ...

TELECOMMUNICATIONS: Idea Cellular Q4 net rises 9.5% at Rs 303 cr
Aditya Birla group company Idea Cellular on Thursday reported a 9.5 per cent rise in standalone net profit for the fourth quarter ended March ...

TELECOMMUNICATIONS: Huawei doubles revenues from India
New Delhi, April 23 Chinese telecom equipment manufacturer Huawei has doubled its revenues from India to $1.3 billion during 2008 compared with around $650 million in 2007. The Chinese company said its global revenue rose 43 per cent in 2008 ...

POWER: Reliance Power net profit at Rs 248 cr
Mumbai, April 23 Reliance Power Ltd, which has yet to start its commercial operations, has reported net profit of Rs 248 crore for financial year 2008-09. For 2007-08, the net profit was Rs 94 ...

PETROLEUM: RNRL reports Rs 69-cr net
Mumbai, April 23 Reliance Natural Resources (RNRL), an Anil Ambani group company, has posted a net profit of Rs 69.87 crore for the year ended March 31, 2009 which is 1.86 per cent higher than Rs 68.59 crore registered in the same period ...

AIRLINES: CIAL posts Rs 60-cr profit
The Cochin International Airport Ltd (CIAL) has posted a pre-tax profit of Rs 60.32 crore in 2008-09. A meeting of the Board of Directors of CIAL, which met here on Wednesday, approved a budget of Rs 207 crore for the current year. The ...

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Markets (April 23)

Nifty (at close)	3423.70(+93.40)
US Dollar (Buy/Sell)	49.92/94
Brent crude (a bbl) Rs	2,488
Gold (a gram) Rs	1,344
Silver (a kg) Rs	21,140

Is the worst really over?

Goldman Sachs CEO sees hopeful signs of US recovery

Gem & jewellery exports post 1.45% growth

Nano bookings may near 10-lakh mark

TCS aims to double revenues from home turf

IBA to come up with norms on compromise settlement of loans

Looking back
Apr. 12-Apr. 18
MRF posts Rs 68-cr net profit; rising rubber prices cause concern