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Friday, July 17, 2009
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CORPORATE RESULTS

ENGINEERING: L&T net soars on UltraTech stake sale
Order inflow drops on deferred tender decisions. Mumbai, July 16 Engineering and construction major Larsen and Toubro has reported a 22-per cent drop in its order inflow for the quarter ended June 30, 2009 at Rs 9,571 crore as compared to Rs ...

TWO/THREE WHEELERS: Bajaj Auto net rises 67% to Rs 293 cr in Q1
Betting on this fiscal to be the best-ever in terms of profit, sales. Mumbai, July 16 Bajaj Auto has reported a net profit of Rs 293.49 crore for the first quarter ended June 30, up 67.6 per cent from Rs 175.11 crore in the corresponding period ...

SOFTWARE: CMC revenues fall 31%
CMC, a subsidiary of Tata Consultancy Services, has reported a 10.2 per cent rise in standalone net profit for the quarter ended June 30 to Rs 31.55 crore from Rs 28.62 crore reported during the corresponding year ago quarter. Revenues for ...

PUBLIC SECTOR BANKS: SBT net zooms to Rs 180 cr in Q1
Thiruvananthapuram, July 16 State Bank of Travancore (SBT) has posted an over three-fold rise in net profit during the first quarter of the current year ended June 30, compared to the corresponding quarter of the ...

SOFTWARE: Polaris reports 19% rise in Q1 net
Polaris Software Lab has reported 19 per cent increase in net profit to Rs 32 crore for the first quarter ended June 2009 against Rs 27 crore for the corresponding quarter of last ...

TYRES: JK Tyres net doubles, to expand truck radials capacity
New Delhi, July 16 J K Tyres has doubled its net profit for the quarter ended June 2009 with a change in product and market mix, cost- cutting measures and lower raw material ...

STEEL: Welspun Gujarat profit rises 94% in Q1
Ahmedabad, July 16 Welspun Gujarat Stahl Rohren Ltd, the flagship company of the $3-billion Welspun Group, registered a 94 per cent increase in profit after tax (PAT) and 72 per cent in revenues in the first quarter ended June 30, ...





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Markets (July 16)
Nifty (at close)4,231.40 (-2.10)
US Dollar (Buy/Sell)48.69/70
Brent crude (a bbl) Rs3,083
Gold (a gram) Rs1,376
Silver (a kg) Rs22,830


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