Tata Motors posts Rs.329 crore loss in Q1August 31st, 2009 MUMBAI - The high-priced acquisition of Jaguar Land Rover (JLR) and dipping volumes have taken their toll on Tata Motors, which reported a loss of Rs.328.78 crore in the first quarter ended June 30, as compared to a profit of Rs.719.69 crore logged in the same quarter the previous fiscal. The company's consolidated gross revenue for the first quarter of the current fiscal stood at Rs.16,953.63 crore, while it was Rs.15,496.28 crore in the year-ago period.
Maytas Infra posts Rs.490 crore lossAugust 31st, 2009 MUMBAI - Infrastructure company Maytas Infra posted a net loss of Rs.489.79 crore last fiscal compared to a profit of Rs.99.64 crore in the previous period, it said in a regulatory statement Monday. The Hyderabad-based company, promoted by the family of B.
Kingfisher Airlines to raise $100 mnAugust 31st, 2009 NEW DELHI - Vijay Mallya-owned Kingfisher Airlines Monday said it planned to raise $100 million (about Rs.500 crore) in Global Depository Receipts (GDRs). In a regulatory statement to the Bombay Stock Exchange (BSE), it said the funds would be raised subject to shareholders' approval.
Suzlon posts net loss of Rs.160 crore in first quarterAugust 1st, 2009 MUMBAI - Wind power major Suzlon posted a net loss of Rs.160.47 crore for the quarter ended June 30, compared to a net profit of Rs.88.04 crore in the same period the previous fiscal. The company logged a total income of Rs.359.32 crore in the first quarter, a decrease of 75 percent from Rs.1,496.28 crore in the year-ago period.
Hinduja Foundries posts Rs.10 crore lossJuly 29th, 2009 CHENNAI - Hinduja Foundries, part of the diversified Hinduja Group, has posted a net loss of Rs.10.44 crore in the quarter ended June 30 as against a profit of Rs.4.57 crore in the like period last year. The company's turnover for the first quarter stood at Rs.67.03 crore as compared to Rs.125.20 crore a year ago, a fall of 46 percent.
Kingfisher fined Rs.26 crore for delaying tax paymentsJuly 17th, 2009 NEW DELHI - The government Friday said it has fined private carrier Kingfisher Airlines Rs.26.46 crore for delay in remittance of tax deducted at source (TDS). Minister of State for Finance S.S.
McLeod Russel posts net loss of Rs.88.61 croreJune 3rd, 2009 KOLKATA - Tea plantation company McLeod Russel Wednesday said its net loss has come down to Rs.88.61 crore for the fourth quarter of 2008-09. The company had posted a loss of Rs.97.34 crore in the January-March quarter of 2007-08, an official statement said.
Jet posts last quarter profit, though income dipsMay 25th, 2009 NEW DELHI - India's largest private carrier Jet Airways Monday announced a net profit of Rs.52.99 crore for the quarter ending March 31, as compared to a net loss of Rs.221 crore in the corresponding period in 2007-08. The total income of the company, however, decreased to Rs.2,566 crore in the quarter under review, as compared to Rs.2,796 crore posted in the year-ago period, the company said in a regulatory statement.
Ceat posts loss of Rs.16 crore in 2008-09April 29th, 2009 NEW DELHI - Tyre maker Ceat Ltd Wednesday reported a loss of Rs.16.12 crore for the year ended March 31, 2009, even as the company's total income rose by a marginal 8 percent from the year before. In 2007-08, the company had posted a net profit of Rs.148 crore.
Tech Mahindra posts Rs.221 crore net profit in Q4April 27th, 2009 NEW DELHI - IT services exporter Tech Mahindra, which is taking over the fraud-hit IT giant Satyam Computer Services, Monday reported a net profit of Rs.221.3 crore for the fourth quarter of 2008-09. The company had reported a loss of Rs.207.07 crore in the corresponding period in 2007-08 after it accounted for one-time expense of Rs.440 crore, an official statement said.
New terminal at Delhi airport becomes operationalApril 19th, 2009 NEW DELHI - The new domestic departure terminal of the Indira Gandhi International airport became operational here Sunday with an Indigo flight taking off for Guwahati early in the morning. A spokesperson of airport developer Delhi International Airport Ltd (DIAL), a GMR-led consortium, told IANS: 'The first Indigo flight for Guwahati took off at 5.30 a.m.
Kingfisher, Indigo to shift to new terminal from SundayApril 17th, 2009 NEW DELHI - Kingfisher Airlines, its low-cost carrier Kingfisher Red and Indigo Airlines will operate from the new domestic terminal (1D) at the Indira Gandhi International Airport here from April 19, the airport developer announced Friday. Jet Airways and its low-cost carrier JetLite, as well as SpiceJet will begin operating from the new terminal later this month.
Ranbaxy posts Rs.1,045 crore net loss in 2008March 30th, 2009 MUMBAI - Leading drug maker Ranbaxy Laboratories Monday reported a net loss of Rs.1,044.8 crore ($204 million) for 2008 as against a net profit of Rs.617.7 crore in the previous year. However, the company's total income went up 9.85 percent to Rs.4,681.7 crore in 2008 from Rs.4,261.9 crore in 2007.
Jindal Steel posts Rs.12.75-bn lossJanuary 27th, 2009 MUMBAI - Private steel manufacturer Jindal Steel Wednesday announced standalone net loss of around Rs.1.28 billion (Rs.127.5 crore) for the quarter ended Dec 31, as against a profit of near Rs.3.56 billion (Rs.355.37 crore) in the year-ago period. In a regulatory statement, the company said its standalone net income was Rs.28.27 billion (Rs.2,826.74 crore), a marginal rise of 0.14 percent from around Rs.28.23 billion (Rs.2,822.74 crore) registered in the corresponding period last fiscal.
Eveready posts Rs.84 mn third quarter profitJanuary 27th, 2009 KOLKATA - Manufacturers of batteries and packet tea, Eveready Industries, posted a net profit of Rs.84.3 million (Rs.8.43 crore) in the quarter ended Dec 31, against a loss of Rs.27 million (Rs.2.7 crore) in the corresponding period last fiscal, the company said here Wednesday. Eveready incurred a loss in the third quarter last fiscal as it had to pay a deferred tax of Rs.42.2 million (Rs.4.22 crore), the company said.
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