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M&M buys major stake in Kinetic Motor Company
The cost of acquisition will be Rs. 110 crore

ITC eyeing IT space
First quarter net turnover registers 18 % growth

Tata Motors’ net down 30%
MUMBAI: The abnormal input material cost increases and generally inflationary trends have taken a toll on Tata Motors performance in the first quarter of 2008-09 when it reported a 30 per cent drop in net profit at Rs. 326.11 crore against Rs. ...

Doha talks collapse: chambers express dismay
NEW DELHI: While fully endorsing the stand taken by the country during the negotiations at Geneva, Indian industry on Wednesday expressed dismay and disappointment over the failure of Doha talks even as some quarters felt that it was being ...

India Cements posts lower profit in Q1
Grinding unit in Chennai will go on stream next month

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Barometer


Briefly
Madras Cements’ turnover and profit up
CHENNAI: Madras Cements has achieved a total income of Rs. 614.97 crore for the quarter ended June 30, 2008 against Rs. 469.37 crore in the corresponding period in 2006-07. It has reported a net profit of Rs. 113.97 crore against Rs. 100.56 ...

Orchid achieves higher gross margins in Q1
CHENNAI: Orchid Chemicals has achieved a turnover of Rs. 287.66 crore in the three months ended June 30, 2008, against Rs. 235.97 crore in the corresponding quarter in 2007-08. The profit before interest and exceptional items was Rs. 57.16 ...

City Union Bank Q1 net profit up 23 %
CHENNAI: City Union Bank has achieved a net profit of Rs. 26.24 crore for the quarter ended June 30, 2008 against 21.36 crore in the corresponding period in 2006-07. Total income has risen by 46.4 per cent to Rs. 207.52 crore from Rs. 141.73 ...

Hero Honda net up 44 p.c.
CHENNAI: Hero Honda Motors has reported a 44 per cent growth in profit after tax at Rs. 272.87crore in the first quarter ended June 30, 2008, against Rs. 189.84 crore in the corresponding period in the previous year. Total turnover grew by 16 ...

Bata India Q2 profit up 58 %
CHENNAI: Bata India has registered a turnover of Rs. 286.80 crore in the second quarter ended June 30, 2008 against Rs. 249.80 crore in the same quarter . The profit before tax has risen by 58 per cent to Rs. 21.60 crore from Rs. 13.60 crore. ...

Monnet Ispat posts higher sales, profit
CHENNAI: Monnet Ispat and Energy Ltd. (MIEL) recorded a total income of Rs. 383.30 crore in the first quarter ended June 30, 2008, against Rs. 238.09 crore in the corresponding quarter in the previous year, an increase of 61 per cent. The net ...

Cairn India Q1 net loss at Rs. 46.68 crore
CHENNAI: Cairn India has achieved a total income of Rs. 22.58 crore in the three months ended June 30, 2008 against Rs. 8.85 crore. Due higher exploration cost and other expenses, the company has reported a loss before tax of Rs. 29 crore ...

Drop in Aurobindo Pharma’s Q1 net profit
HYDERABAD: The net profit of Aurobindo Pharma plummeted by 73 per cent in the first quarter of the current financial year to Rs. 16.40 crore from Rs. 61.70 crore in the corresponding period last fiscal mainly on account of loss in foreign ...

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