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RBI chief pitches for rollback of monetary expansion
‘The government will have to show a firm and credible commitment to fiscal responsibility’
Essar acquires 50 % stake in Kenyan refinery
Expects to play a major role in the African oil and gas market
Syndicate Bank net trebles in first quarter
Centre allows raw, white sugar imports
NEW DELHI: In view of the low production of sugar and the resulting pressure on prices, the Centre on Friday announced a series of measures to augment domestic stocks of sugar and moderate its prices. Agriculture Minister Sharad Pawar said ...
JBIC loans for L&T, Mitsubishi Heavy ventures
NEW DELHI: The Japan Bank for International Cooperation (JBIC) has signed two loan agreements for Rs. 741 crore with L&T-MHI Boilers Private Limited and L&T-MHI Turbine Generators Pvt. Ltd., two joint venture companies established ...
Incentives for services sector likely in new FTP
Industry asked to diversify into African markets
BSNL bets big on tower sharing business
To generate additional revenues worth Rs. 1,000 crore this fiscal
Toyota launches Camry variants
BANGALORE: Toyota launched the new versions of its luxury sedan, the Camry, in Bangalore on Friday. The cars, in four ‘grades’, are priced between Rs. 21.26 lakh and Rs. 23.40 lakh (ex-showroom Bangalore). Hiroshi Nakagawa, ...
ABB posts lower net profit
BANGALORE: ABB India reported revenues for the half year ended June 30, 2009, (according to their accounting practice) of Rs. 2,933.30 crore against Rs. 3,191.40 crore in the year-ago period, a drop of 8 per cent. The net profit was lower by ...
Sundaram Finance records higher profit
CHENNAI: Sundaram Finance has reported a total income of Rs. 271.11 crore for the quarter ended June 30, 2009, against Rs. 248.01 crore in the quarter ended June 30, 2008. The profit from operations before other income and exceptional items ...
TVS Motor net doubles in Q1
CHENNAI: TVS Motor Company has recorded a growth of seven per cent in revenue at Rs. 988.70 crore for the first three months of the current financial year against Rs. 924.45 crore in the same period in 2008-09. The profit after tax has doubled ...
Sharp drop in DLF net profit
NEW DELHI: DLF has announced a 79 per cent drop in its consolidated net profit at Rs. 396 crore for the quarter ended June 30, 2009, due to a sharp decline in demand for its housing and commercial properties. Its profit stood at Rs. 1,863.97 ...
Hero Honda posts 83 % growth in profit
CHENNAI: Hero Honda has achieved a growth of 83 per cent in net profit in the quarter ended June 30, 2009, at Rs. 500.11 crore against Rs. 272.87 crore in the same period in the previous year. The turnover has risen by 34 per cent to Rs. ...
Lakshmi Vilas Bank profit rises
CHENNAI: The net profit of Lakshmi Vilas Bank has shot up to Rs. 22.66 crores in the three months ended June 30, 2009, from Rs. 4.28 crores in the corresponding period last year. Total income has risen by 52 per cent to Rs. 235.44 crore from ...
Hinduja Global’s revenue and net profit up
CHENNAI: Hinduja Global Solutions has reported a consolidated revenue of Rs. 221.60 crore for first quarter ended June 30, 2009, against Rs. 170.32 crore in the quarter ended June 30, 2008, a growth of 30.1 per cent. The profit after tax has ...
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