Flood losses Rs.12,000 crore, Andhra seeks helpOctober 5th, 2009 HYDERABAD - The worst floods in over a century have left a trail of destruction estimated at Rs.12,225 crore, the Andhra Pradesh government has said while asking New Delhi for immediate assistance of Rs.6,000 crore. In a memorandum to United Progressive Alliance chairperson and Congress president Sonia Gandhi, Chief Minister K.
PM's alma mater sets up chair in his nameAugust 4th, 2009 CHANDIGARH - Prime Minister Manmohan Singh's alma mater Panjab University (PU) has set up a chair in his name. The Dr. Manmohan Singh Chair will be in the economics department, where the prime minister had once himself studied and later taught.
National Aluminium net dips 75 percentJuly 31st, 2009 MUMBAI - State-run National Aluminium Co (NALCO) reported a 75 percent fall in net profit to Rs.126.4 crore for the quarter ended June 30, as compared to Rs.525.3 crore in the like period last year. The total income decreased 34 percent to Rs.1,036.5 crore from Rs.1,593.7 crore, the company said in a regulatory statement.
Reliance Power posts Rs.100 crore net profitJuly 29th, 2009 NEW DELHI - Reliance Power has posted a net profit of Rs.100.56 crore ($21 million) for the quarter ended June 30 as against Rs.59.7 crore reported in the like period last year. The total income has increased to Rs.144.24 crore from Rs.77.67 crore, the company said in a statement.
GAIL India net profit dips 27 percentJuly 25th, 2009 MUMBAI - State-run gas utility company GAIL India Saturday reported a 26.8 percent dip in its net profit at Rs.655.8 crore ($135.5 million) for the quarter ended June 30, compared to Rs.896.8 crore in the same period last fiscal. However, the total income increased 4.3 percent to Rs.6,101.3 crore from Rs.5,845.5 crore, the company said in a regulatory statement.
BGR Energy Systems net profit up 17 percentJuly 25th, 2009 CHENNAI - City-based engineering and infrastructure firm BGR Energy Systems has posted a net profit of Rs.20.23 crore for the quarter ended June 30 as against Rs.17.23 crore reported in the like period last year, a growth of 17 percent. The company's turnover during the period stood at Rs.311 crore as compared to Rs.306 crore in the April-June quarter last fiscal, BGR said in a statement.
HDFC Bank net up 30 percent in first quarterJuly 14th, 2009 MUMBAI - The country's second largest private lender HDFC Bank Tuesday said its net profit increased by about 31 percent to Rs.606 crore (Rs.6.06 billion/$123.4 million) in the first quarter this fiscal, compared to Rs.464.35 crore in the year-ago period. The bank's net income for the period under review grew 21.86 percent to Rs.5,136.75 crore from Rs.4,215.15 crore.
Unitech's net profit down 28 percentJune 25th, 2009 NEW DELHI - Realty major Unitech's net profit dipped 28 percent to about Rs.740 crore for 2008-09 from nearly Rs.1,031 crore posted the previous year, the company said Thursday. Its total income in the year under review decreased to Rs.2,455 crore from Rs.2,970 crore earned in 2007-08, it said in a regulatory statement.
Economy outlook brightens, tax collection up 17 percentJune 5th, 2009 NEW DELHI - In yet another sign of the economy clawing back, direct tax collection in May rose to Rs.11,919 crore compared to the Rs.10,198 crore raised in the year-ago period when the global meltdown was still to hit India. This rise of about 16.88 percent is also in sharp contrast to the 3.19 percent negative growth witnessed in April.
Hindustan Petroleum net down 44.5 percentJune 2nd, 2009 MUMBAI - State-run oil refining and marketing major Hindustan Petroleum Co Ltd (HPCL) Tuesday reported 44.5 percent fall in consolidated net profit for 2008-09 at Rs.757.32 crore, down from Rs.1,364.1 crore recorded the year before. However, the overall turnover during the period marked an increase of 16.5 percent at Rs.129,978.82 crore, comparing to Rs.111,603.58 crore in 2007-08.
Mahindra net down 22.2 percentMay 28th, 2009 NEW DELHI - Auto major Mahindra and Mahindra (M&M) Thursday reported a 22.2 percent decline in its net profit for 2008-09 at Rs.858.7 crore, down from Rs.1,103.3 crore reported the year before. This is despite a 14.5 percent jump in the company's annual turnover to Rs.13,364.02 crore last fiscal from Rs.11,671.6 crore in 2007-08, the company said in a regulatory statement.
ITC net up 4.6 percent, crosses Rs.3,200 croreMay 22nd, 2009 MUMBAI - Tobacco, FMCG and hospitality major ITC saw its net profit for 2008-09 increase 4.6 percent to about Rs.3,264 crore from Rs.3,120 crore earned the previous fiscal. The company's turnover similarly registered a 10.5 percent growth during the year to Rs.16,844 crore from Rs.15,245.3 crore in 2007-08, it said in a regulatory statement Friday.
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.
Kerala banks post marginal growth in advancesApril 25th, 2009 THIRUVANANTHAPURAM - Banks in Kerala have posted a marginal growth of 6.3 percent in advances from Rs.80,131 crore in June 2008 to Rs.85,174 crore as on Dec 31, according to the State Level Bankers Committee (SLBC). The SLBC in a meeting here said loans given to the education sector reported the biggest jump when it went up from Rs.2,920 crore in June to Rs.4,049 crore in December.
PM's alma mater wishes him speedy recoveryJanuary 24th, 2009 CHANDIGARH - Prime Minister Manmohan Singh's alma mater, Panjab University, Sunday wished him speedy recovery after his coronary bypass surgery in New Delhi. The Syndicate, the highest decision-making body of the university here, passed a unanimous resolution at its meeting here Sunday, praying for the speedy recovery of the prime minister, an alumnus of the university.
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