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- Hindustan Unilever net profit dips 22 percent
Mumbai: Fast moving consumer goods giant Hindustan Unilever today said its net profit for the quarter ended on Sep 30 fell almost 22 percent to Rs.429 crore.
It had earned Rs.547 cr....
- Aditya Birla Nuvo net dips by over 9 percent
Mumbai: Diversified company Aditya Birla Nuvo today said its net profit for the quarter ending on Sep 30 fell 9.29 percent to Rs.59.2 crore compared to Rs.65.31 crore in the like quarter last....
- Core industries output up 5 percent in first two quarters
New Delhi: India's six core industries logged a growth of 4 percent in September and 5 percent in the first six months this fiscal, official data released today showed.
Septembe....
- United Breweries profit up 70 percent
Mumbai: Liquor major United Breweries today reported a 70 percent increase in profit after tax for the half year ended on Sep 30 at Rs.47.2 crore.
Volumes were up 16 percent in the ....
- Wipro projects $1.11 billion earning from IT services in third quarter
Bangalore: Wipro Ltd today projected an earning of $1.11 billion from IT services for third quarter (October-December) of this fiscal (2009-10), as revenue for second quarter (July-September)....
- Bharat Heavy Electricals net profit up 39 percent
Mumbai: State-run heavy electrical equipment maker Bharat Heavy Electricals Ltd (BHEL) has posted a 39 percent increase in net profit for the quarter ended Sep 30 at Rs.858 crore, compared to....
- NTPC net profit rises 1.96 percent
Mumbai: State-run power utility NTPC, formerly National Thermal Power Corp, today reported a marginal 1.96 percent increase in net profits to Rs.2,151.95 crore for the quarter ended on Sep 3....
- Hindustan Construction net profit dips 72 percent
Mumbai: Engineering and construction major Hindustan Construction Co (HCC) today said its net profit for the quarter ended on Sep 30 fell 72.3 percent to Rs.5.51 crore from Rs.19.94 crore in ....
- Vallarpadam container terminal to be commissioned in 2010's first quarter
Kochi: The Rs.2,118 crore (Rs.21.18 billion) International Container Transshipment Terminal (ICTT) - the country's first global hub terminal, at Vallarpardam near here is nearing completion....
- World Bank to lend $330 mn to Haryana
New Delhi: The World Bank on Monday said it will give a loan of $330 million to Haryana to strengthen the power transmission and distribution system in the state.
"These transmiss....
- Indian firm to build eye centre in Addis Ababa
Addis Ababa: Indian project development firm Overseas Infrastructure Alliance (OIA), involved in diverse projects in Africa's second-most populous nation, will build an eye care centre in t....
- L&T bags orders worth Rs.853 crore
Mumbai: Construction and engineering major Larsen and Toubro (L&T) today said it had bagged contracts worth Rs.853 crore for setting up coal handling plants in Uttar Pradesh and Tamil Nadu.....
- L&T bags ONGC contracts worth over $1 bn
Mumbai: Construction and engineering major Larsen and Toubro (L&T), today said it has bagged two offshore contracts from upstream major Oil and Natural Gas Corp (ONGC) worth Rs.5,300 crore ....
- Sterlite Industries net profit dips 42 percent
Mumbai: Vedanta group firm Sterlite Industries on Wednesday reported a 42 percent fall in its net profit for the quarter ended on June 30 to Rs.672.6 crore as against Rs.1,151 crore in the like....
- Central Bank to raise stake in housing finance arm
Kolkata: State-run Central Bank of India plans to raise its stake in its housing finance arm Centbank Home Finance, a top official said here today.
The bank is planning to acquire the....
- India Inc welcomes central bank's monetary policy
New Delhi: Welcoming the monetary policy announced by the apex bank today, India Inc expressed hope that the country's economic growth will exceed the bank's expectation of 6 percent th....
- Reliance gas price was not fixed at dinner table: Anil
Mumbai: Reliance Natural Resources chairman Anil Ambani today accused the petroleum ministry of being biased in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the pri....
- Shriram Finance eyes construction equipment financing
Kolkata: Non-banking finance company Shriram Transport Finance is planning to foray into construction equipment financing, a company official said here today.
"We are planning to ....
- Exide plans Rs.100 cr investment in this fiscal
Kolkata: The country's largest lead acid battery maker, Exide Industries, will invest around Rs.100 crore in 2009-10 on augmenting its capacity by 15 percent, a top company official said he....
- Godrej Hershey uses mixed strategy to increase revenue
Chennai: Confectionary major Godrej Hershey Limited, with a turnover of Rs.400 crore, is looking to increase its revenue in the sugar candies segment by using a mixed strategy.
While ....
- Divestment is part of govt agenda: Mukherjee
New Delhi: Finance Minister Pranab Mukherjee today said the United Progressive Alliance (UPA) government remained committed to divesting stakes in the state-run companies, but without diluting ....
- Gujarat to invest Rs.600 crore in tourism projects
Gandhinagar: The Gujarat government today unveiled an ambitious plan to develop tourism facilities in the state and revamp road infrastructure in its coastal region.
The government w....
- Kesoram plans to invest Rs.2,000 crore in 15 months
Kolkata: Kesoram Industries plans to invest Rs.2,000 crore on capacity augmentation of its cement and tyre plants over the next 15 months, a top company official said here on Friday.
....
- Govt hikes sugarcane price by 32 percent
New Delhi: Sugar mills will have to pay more to cane growers after the government today increased the statutory minimum price for sugarcane by over 32 percent to Rs.107.76 per quintal for the 2....
- 3G auction base price to be announced soon
New Delhi: The government will announce the base price for the much-awaited auctions of third generation (3G) radio waves within a week, Communications and IT Minister A. Raja said here on Frid....
- World Bank offers India $180-mn loan to upgrade power plants
New Delhi: The World Bank will extend a $180-million (Rs.900-crore) loan to India for upgrading its polluting coal-fired power plants and bringing down carbon emission, it said today.
....
- Financial sec to strengthen anti-money laundering systems
New Delhi: With slush funds being increasingly used for financing terrorism, Indian financial institutions are planning to increase investment in their anti-money laundering systems, a survey b....
- Toonz ties up with Ireland firm
Thiruvananthapuram: Kerala-based animation content provider Toonz Animation India has tied up with Ireland's Telegael group to finance, develop and co-produce animation programmes for globa....
- Pakistan allocates Rs.646 bn for PSU in 2009-10
Islamabad: Pakistan has allocated Rs.646 billion ($8 billion) for the public sector in its budget for fiscal 2009-10 beginning July 1 that envisages GDP growth of 3.3 percent for the year.
....
- SREI Infra net profit drops 53 percent in 2008-09
Kolkata: Non-banking finance company SREI Infrastructure Finance has posted a net profit of Rs.50.36 crore for the year ended March 31 - a fall of 53 percent from Rs.107.96 crore recorded the y....
- Government mulls fiscal relief for textile industry
New Delhi: The government will provide fiscal reliefs including service tax exemption to the slowdown-hit textile sector, Minister for Textiles Dayanidhi Maran said here today.
"....
- Govt, RBI deliver second booster package in tandem
New Delhi/Mumbai: The Indian government and the central bank moved in tandem on Friday with a slew of measures to cushion the impact of the global slowdown on the Indian economy, lowering th....
- Economic growth won't be below 7 percent: Govt
New Delhi: The government Thursday said the overall economic growth this fiscal would not fall below 7 percent.
"RBI has examined forecast of the select macroeconomic indicators by prof....
- Govt unveils Rs 20,000cr boost to economy
New Delhi: To counter the effects of the global financial slowdown and its impact on various sectors of the Indian economy, the Central Government on Sunday announced an Rs.20, 000 crore sti....
- India does not face recession: FM
New Delhi: Finance Minister P Chidambaram today said India does not face recession despite the financial meltdown globally. "India is nowhere near recession," Chidambaram said at the annual Eco....
- Govt assures steps to help infrastructure sector
New Delhi: With the economic recession expected to continue "till the end of next fiscal", the government today said it will "respond positively" to the credit crunch in the market, especially ....
- Liquidity, price cut key to solving economic crisis: FM
New Delhi: Union Finance Minister P Chidambaram today said that steps to counteract the present economic slowdown will include ensuring adequate liquidity, price reductions by industry and effi....
- CII welcomes RBI measures to improve liquidity
New Delhi: Leading industry lobby Confederation of Indian Industry (CII) on Sunday welcomed the Reserve Bank of India's (RBI) measures to ease credit in the financial system. "The CII had sugge....
- India seeks coordinated fiscal stimulus at G20 summit
Washington: India has expressed the hope that leaders of the world's 20 biggest economies would agree on a coordinated fiscal stimulus plan to arrest global recession and ask countries to resis....
- FM holds high level meeting on financial crisis
New Delhi: Finance Minister P Chidambaram on Wednesday held a meeting at his North Block office with key regulators and policy makers, including Planning Commission Deputy Chairman Montek Singh....
- India may overshoot budget deficit targets: FM
New Delhi: India may surpass the budget targets for fiscal and revenue deficit in the current financial year as the global economic crisis continues to exert pressure. "The global financial cri....
- Govt not to launch overseas dollar bonds
New Delhi: Government today ruled out launching of dollar-denominated bonds but indicated that it may further relax overseas borrowing norms and raise FII investment limit in debt instruments t....
- Rupee hits more than 17-month low in early trade
Mumbai: The Indian rupee hit more than 17-month low of 44.10 against the greenback during morning trade on increased dollar demand from oil refiners and stronger dollar overseas amid sluggish s....
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