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RCom sells stake in Reliance Tower
Global investors to buy 5 p.c. equity in RTIL

Volume growth drives Wipro’s revenues
Net profit rises by 17 p.c. to Rs. 726 cr. in the first quarter; BPO services up 40 p.c.

Apollo’s health insurance by Aug. 8
MADURAI: The health insurance venture of Apollo Hospitals with DKV of Germany will take off on August 8. Prathap C. Reddy, Chairman of Apollo Hospitals, told The Hindu here on Thursday that the joint venture would tap the ...

Gold fund from Merrill Lynch
The new fund offer will open on July 25

L&T, Arun Excello to develop IT Park
IT SEZ ESTANCIA to come up on 27 acres with 2.70 m sq. ft. built up space

Shipping Corpn.’s mega plans


FM cautions investors
NEW DELHI: Dabbling in stock markets can cost investors dearly unless they understand what risks await them, although the markets are less mysterious than they were before, Finance Minister P Chidambaram cautioned on Thursday. “I ...

Other Stories



Briefly
17 FDI proposals for Rs. 590 cr. cleared
NEW DELHI: The Central Government on Thursday approved 17 foreign direct investment proposals worth Rs. 589.85 crore, including Sweden-based Quinn Hotels’ Rs. 313.33-crore proposal to develop hotels in the country, Flemingo Duty Free ...

Sharp rise in Ranbaxy’s second quarter net
NEW DELHI: Ranbaxy Laboratories reported a 118 per cent jump in its consolidated net profit for the second quarter ended June 30, 2007, at Rs. 266.20 crore against Rs. 122.11 crore in the year-ago period. Consolidated net sales grew 12 per ...

Mastek announces 90 p.c. final dividend
CHENNAI: Mastek has reported a total income of Rs. 507.22 crore in the year ended June 30, 2007 against Rs. 401.44 crore in the previous year. The net profit stood at Rs. 50.89 crore against Rs. 49.26 crore. The company has ...

Ashok Leyland net profit up 27.5 p.c.
CHENNAI: Ashok Leyland has clocked a 14.7 per cent growth in sales turnover to Rs. 1,883.19 crore (Rs. 1,641.38 crore) in the quarter ended June 30, 2007. The net profit has risen by 27.5 pere cent to Rs. 88.19 crore (Rs. 69.18 crore). ...

Orchid Chemicals’ net profit surges
CHENNAI: The net profit of Orchid Chemicals and Pharmaceuticals has surged to Rs. 51.30 crore in the first quarter ended June 30, 2007, from Rs. 14.59 crore in the year-ago period. It has achieved a total income of Rs. 291.36 crore against Rs. ...

Gemini Communication first quarter net up
CHENNAI: Gemini Communication Ltd (GCL) has announced a 150 per cent rise in its net profit at Rs. 7.54 crore for the first quarter ended June 30, 2007 as compared to Rs. 3.01 crore in the corresponding quarter last year. Income from ...

Biocon net up 36 p.c. in first quarter
BANGALORE: Biocon has reported a 28 per cent growth in revenues for the quarter ended June 30, 2007, to Rs. 272 crore. The profit after tax has risen by 36 per cent to Rs. 53 crore. ...




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