Business Daily from THE HINDU group of publications Thursday, October 29, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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PETROLEUM: HPCL skids on oil bond delay Kerosene, LPG losses top Rs 10,300 cr for all refiners. Mumbai, Oct. 28 The Centre’s dithering on issue of oil bonds has pushed Hindustan Petroleum Corporation into the red in the second quarter of this fiscal with losses totalling Rs ... PUBLIC SECTOR BANKS: Higher income pushes Bank of Baroda net up 60% Credit growth seen stronger in second half. Mumbai, Oct. 28 Bank of Baroda’s net profit grew 60 per cent to Rs 634 crore for the quarter ended September 30, 2009, from Rs 395 crore in the same period last ... SOFTWARE: HCL Tech Q1 net dips 10% on forex losses Cautious on demand environment; hikes staff salaries. New Delhi, Oct. 28 IT services company HCL Technologies on Wednesday posted a 10 per cent drop in consolidated net profit for the quarter ended September 2009, with its earnings dented by ... CEMENT: ACC, Ambuja Cement net profits rise on lower input cost Dip in coal prices helps cut production cost. Mumbai, Oct. 28 Holcim Group companies, ACC and Ambuja Cement, have posted a strong performance for the quarter ended September 30. While ACC showed a 60 per cent growth in net profit, Ambuja ... PUBLIC SECTOR BANKS: Andhra Bank profit rises to Rs 274 cr on all-round growth Hyderabad, Oct. 28 Andhra Bank’s net profit increased 70 per cent to Rs 274 crore in the second quarter ended September 2009 compared with Rs 161.5 crore in the corresponding quarter of the ... PRIVATE BANKS: Punjab & Sind Bank net rises in H1 State-run Punjab & Sind Bank reported a 36 per cent rise in net profit at Rs 235 crore for the first half ended September 2009 compared with Rs 172 crore in the same period last fiscal. The total income increased 24 per cent to Rs 2,057 ... PHARMACEUTICALS: Vivimed Labs net up at Rs 8 cr Hyderabad, Oct. 28 Vivimed Labs Ltd’s consolidated net profit increased 6 per cent at Rs 8.05 crore in the second quarter ended September 30, compared with Rs 7.59 crore in the corresponding quarter of the previous financial year. The total income of ... HOUSING FINANCE: National Housing Bank net up 39% at Rs 236 cr Plans to raise Rs 12,000 cr to refinance home loans. National Housing Bank (NHB) announced on Wednesday a 39 per cent increase in its net profit at Rs 236 crore for the year ended June ... TEXTILE MACHINERY: Lakshmi Machine back to operating 2 shifts Net profit for Q2 down 14.5%. Coimbatore, Oct. 28 Textile machinery manufacturing major Lakshmi Machine Works (LMW) is back to operating ... AIRLINES: Kingfisher Air prunes Q2 loss to Rs 418.77 cr Bangalore, Oct. 28 Mr Vijay Mallya-owned Kingfisher Airlines’ losses for the second quarter of this fiscal were down to Rs 418.77 crore (Rs 483.25 crore) while income from operations fell nearly 14 per cent to Rs ... PETROLEUM: MRPL Q2 net profit zooms on inventory gains Mangalore, Oct. 28 Mangalore Refinery and Petrochemicals Ltd (MRPL) has registered a net profit of Rs 179.69 crore during the second quarter of 2009-10 as against Rs 24.92 crore in the corresponding period of the previous ... SOFTWARE: Hexaware net trebles Mumbai, Oct. 28 Mid-size IT services company Hexaware Technologies has reported an over three-fold jump in net profit for the third quarter ended ... PETROLEUM: GAIL net dips 30% on lower price realisations from petrochem, liquid hydrocarbons Rs 500-cr bond issue with greenshoe option on cards. New Delhi, Oct. 28 GAIL (India) Ltd has reported a 30 per cent drop in net profit for the second quarter of the current fiscal due to lower price realisations in petrochemicals and liquid ... REAL ESTATE & CONSTRUCTION: Puravankara Projects net up at Rs 60 cr Bangalore, Oct. 28 Puravankara Projects has posted a net profit to Rs 60.86 crore during the second quarter of the fiscal, against Rs 50.47 crore recorded during the corresponding period last ... PERSONAL PRODUCTS: Tata Tea net rises 32% on higher sales, exceptional gain Mumbai, Oct. 28 Tata Tea has reported a 32 per cent increase in its consolidated net profit at Rs 287.44 crore for the second quarter ended September 30, against Rs 217.76 crore in the same period last ... AUTOMOBILE COMPONENTS: Amara Raja Q2 net profit zooms to Rs 48 cr Hyderabad, Oct. 28 Amara Raja Batteries Ltd has recorded a net profit of Rs 47.9 crore for the second quarter ended September 30, 2009, up 155 per cent from Rs 18.79 crore posted in the corresponding quarter last ... HARDWARE: MRO Tek net loss at Rs 1.87 cr ... PHARMACEUTICALS: Sun Pharma net profit dips 49% Mumbai, Oct. 28 Sun Pharmaceutical Industries has reported a 49 per cent drop in net profit at Rs 203 crore for the quarter-ended September 30 against Rs 303 crore logged in the same period a year ago. Total income decreased to Rs 601 crore ... NBFCS: Shriram Transport Finance net up Shriram Transport Finance Company reported a 25 per cent rise in net profit to Rs 207.45 crore in the second quarter of this fiscal, against Rs 165.6 crore in the year ... PAINTS: Nerolac net profit doubles Mumbai, Oct. 28 Kansai Nerolac Paints posted a 96 per cent rise in net profit at Rs 53 crore for the quarter ended September 30, 2009, as against Rs 27 crore logged in the same period last ... CEMENT: Dalmia Cement (Bharat) net up CHENNAI: Dalmia Cement (Bharat) Ltd has reported a 33 per cent growth in net profit for the second quarter of this fiscal at Rs 53.85 crore (Rs 40.19 crore) on a total income of Rs 563.70 crore (Rs 454.85 crore). The ... PUBLIC SECTOR BANKS: Overseas advances help BoB post strong profit growth Loan restructuring improves SME portfolio. Bank of Baroda has posted a strong profit growth, which was in line with most other public sector banks’ ... ELECTRONICS: MIC Electronics Q3 net down The decline in LED-displays and lighting segment dragged down the revenues of MIC Electronics in the third quarter ended September 30, 2009 to Rs 45.25 crore against Rs 75.60 crore in the comparable quarter last year. The IT and ... 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