Business Daily from THE HINDU group of publications
Saturday, April 25, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, April 25, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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CARS: Maruti says difficult year ahead; Q4 net down 18% New Delhi, April 24 Maruti Suzuki India Ltd on Friday announced its fifth straight drop in quarterly net profits – down 18 per cent despite a 30 per cent growth in total income, with increased raw material costs and forex ... PUBLIC SECTOR BANKS: Rise in non-interest income lifts Corporation Bank Q4 net 26% Profits from sale of investments touch Rs 290 cr. Mumbai, April 24 Corporation Bank posted a net profit of Rs 260 crore for the quarter ended March 31, 2009, up 26 per cent from Rs 206 crore in the same quarter last year, mainly on account of a ... PHARMACEUTICALS: Ranbaxy posts Rs 777-cr loss in first quarter Forex losses play spoilsport; revenues hit by US FDA ban on 30 drugs. New Delhi, April 24 Ranbaxy Laboratories Ltd on Friday reported a loss of Rs 777.77 crore, on a stand alone basis, for the first quarter ended March 31, 2009, against a ... ELECTRONICS: BEL net rises 11% in Q4 Bharat Electronics Ltd (BEL) posted nearly 11 per cent higher fourth-quarter net profit year-on-year, touching Rs 559.44 crore. It made a fourth-quarter net profit of Rs 504.83 crore, audited, in fiscal 2008, it said in a stock exchange ... CEMENT: Andhra Cements’ Q4 net down 17.5% Andhra Cements Ltd’s net profit decreased 17.5 per cent at Rs 14.28 crore in the fourth quarter ended March 31, 2009 compared with Rs 17.32 crore in the corresponding quarter of previous fiscal. The total revenue increased 31.5 per cent at ... PAPER, BOARD & NEWSPRINT: BILT posts 76% dip in profit Paper and pulp manufacturer Ballarpur Industries Ltd (BILT) has posted a 76 per cent dip in its net profit at Rs 17.8 crore for the third quarter ended March 31, 2009, against Rs 74.5 crore for the corresponding period last year, due to ... PUBLIC SECTOR BANKS: IDBI Bank net up 28% at Rs 314 cr 100% jump in net interest income in Q4. Mumbai, April 24 IDBI Bank reported a 28 per cent increase in net profit at Rs 314 crore in the fourth quarter ended March 31, 2009 as against Rs 245 crore in the corresponding quarter last ... PHARMACEUTICALS: Forex losses dent Piramal Healthcare’s FY09 net ‘No more impact on account of forex’. Mumbai, April 24 Though a forex loss of Rs 82 crore has dented Piramal Healthcare’s consolidated net profit by 5 per cent for the year ended March 31, 2009, the drug-maker has said that ... FERTILISERS: Coromandel Fert in the red on mark-to-market losses in fertiliser bonds Chennai, April 24 Mark-to-market losses on the ‘fertiliser bonds’ issued to the company by the Government caused Coromandel Fertilisers Ltd (CFL) to report a net loss of Rs 12.47 crore for the January-March quarter of 2008-09 ... PHARMACEUTICALS: Cipla Q4 net profit up on better product-mix Expects tough year ahead. Mumbai, April 24 Drug-maker Cipla Ltd sees the year ahead being tough, as a result of intense generic competition and the slowdown in global markets. But the negative impact could be blunted by the company’s ... CO-OPERATIVES: AP Mahesh Bank net rises 9.5% in 2008-09 Hyderabad, April 24 AP Mahesh Bank Cooperative Urban Bank Ltd’s net profit grew 9.5 per cent at Rs 10.5 crore in the financial year 2008-09, against Rs 9.5 crore the ... NBFCS: M&M Financial clocks 43% rise in Q4 net Mumbai, April 24 Increased rural prosperity and better recovery of tractor and vehicle loans in the last quarter helped Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) report a 43 per cent growth in standalone net profit at ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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