Finance

GAIL gets 31% Q4 net profit increase in FY10

May 18, 2010 · No Comments

In a statement released by BC Tripathi, the Chairman and Managing Director of the government-operated gas firm GAIL, the conglomerate achieved a net profit increase of 31% from Rs 630 crore to Rs 911 crore in the fourth quarter of the financial year 2009-2010.

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Whirlpool attains soaring net profit in Q4 FY10

May 18, 2010 · No Comments

According to the senior official of Whirlpool, Shantanu Dasgupta, the firm has already declared its quarter four outputs in the financial year 2009-2010 wherein its net profit has soared to Rs 57 crore as compared to the previous Rs 17 crore.

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Sujana Towers achieves Q4 FY10 net sales of Rs 234 crore

May 18, 2010 · No Comments

According to the Managing Director of Sujana Towers, Kamesh Yalamarty, the firm already announced its fourth quarter outputs in the financial year 2009-2010 wherein it achieves net sales of Rs 234 crore and APAT or adjusted profit after tax of Rs 9.6 core.

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Whirlpool of India, NTPC, GAIL India, Larsen and Toubro declared results today

May 18, 2010 · No Comments

Whirlpool of India Net profit was up at Rs 57 crore versus Rs 17 crore NTPC Net profit was down at Rs 2,018 crore versus Rs 2,113 crore Net sales were up at Rs 12,353.4 crore versus Rs 11,445.8 crore GAIL India Net profit was up at Rs 911 crore versus Rs 630 crore Net sales were up at Rs 6,522 crore versus Rs 6,128 crore Monsanto India

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BSE Sensex slumps 0.94% as most sectors at downturn

May 18, 2010 · No Comments

The BSE 30-share Sensex fell 159.04 points or 0.94% to 16,835.56. The Sensex fell 443.60 points at the day's low of 16,551 in early afternoon trade. The index fell 32.68 points at the day's high of 16,961.92 in early trade. The S&P CNX Nifty declined 33.60 points or 0.66% to 5059.90, off the day's low of 4,966.25. The BSE Mid-Cap index fell 0.21%. The BSE Small-Cap index

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Spice Mobile net profit in Q4 FY10 increases to Rs 23.3 crore

May 17, 2010 · No Comments

In a statement released by Spice Mobiles, the firm revealed that its standalone revenue increased to Rs 339 crore in the fourth quarter of the financial year 2009-2010 as compared to the previous Rs 170.62 crore YoY. Moreover, the firm’s net profit soared from Rs 7.35 crore to Rs 23.3 crore.

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Reliance Communications net profit soars 10.13% in Q4 FY10

May 17, 2010 · No Comments

According to Reliance Communications, the firm witnessed a revenue decrease of 6.3% to Rs 4,974.4 crore in the fourth quarter of the financial year 2009-2010 as compared to the previous Rs 5,309 crore YoY. Moreover, the firm’s net profit soared by 10.13% from Rs 1,107.7 crore to Rs 1,220 crore.

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Promoter of ABB Ltd proposes to acquire stake in ABB

May 17, 2010 · No Comments

According to the promoter of ABB Ltd, ABB Asea Brown Boveri Ltd and ABB Ltd (Switzerland) this Monday, it has already made an offer of acquiring 22.89% or 48.51 million shares in ABB Ltd from investors with an amount of Rs 900 to be introduced in July 8.

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Rs 900 crore loan to be repaid by Kingfisher upon IDBI’s request

May 17, 2010 · No Comments

IDBI Bank, a government-owned firm, already made a request to Kingfisher Airlines in order to pay back loans with a value of Rs 900 crore subsequent to Kingfisher’s failure to follow its timetable for settlement. IDBI Bank already recalled loans to the amount of Rs 150 crore for short-term and Rs 750 crore for long-term.

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Prudential to put on sale its stake in Tata AIG merger to Tata

May 17, 2010 · No Comments

According to the Chief Executive Officer of Britain’s insurance firm Prudential, Tidjane Thiam, the company has been aiming to put on sale its stake in Tata AIG merger to Tata. Last March 1, Prudential purchased the Asia business in AIG with an amount of USD 35.5 billion.