PXIL launches longer duration exchange-traded products in MumbaiSeptember 15th, 2009 MUMBAI - The Power Exchange India Limited (PXIL) on Tuesday launched its longer duration power products for the Indian power market at a function in Mumbai. These 'Weekly' and 'Day-Ahead Contingency (DAC)' products will enable the market players in the Indian power market to buy and sell electricity up to a month in advance.
Earnings roundup: Broadridge Financial 4Q profit jumps 20 percent, Fossil earnings drop in 2QAugust 11th, 2009 Earnings roundup: Broadridge Financial, FossilAmong the earnings stories for Tuesday, Aug. 11, from AP Financial News:
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Dollar Thrift second quarter profit jumps 15 pct, rental sales slip on low demandAugust 4th, 2009 Dollar Thrift 2nd-quarter profit jumps 15 pctTULSA, Okla. — Rental car company Dollar Thrifty Automotive Group Inc.
NuVasive's 2nd-quarter profit jumps on boost in surgical product sales, raises outlookJuly 23rd, 2009 NuVasive 2Q profit jumps on boost in salesSAN DIEGO — Medical device company NuVasive Inc. said Thursday it posted a second-quarter profit on a jump in revenue, prompting an increase in full-year guidance.
GenCorp fiscal 2nd-quarter profit jumps 59 percent, helped by lower costsJuly 7th, 2009 GenCorp 2Q profit surges 59 percent on lower costsSACRAMENTO, Calif. — GenCorp Inc.
Power Grid Corp net up 16.7 percentJune 16th, 2009 MUMBAI - Public sector electricity major Power Grid Corp of India Tuesday reported a net profit of Rs.1,690.6 crore for 2008-09 as against Rs.1,448.5 crore recorded the year before, an increase of 16.7 percent. The company is involved in construction, operation and maintenance of inter-state transmission system and regional power grids.
Power Finance Corp's net rises 63 percentJune 15th, 2009 MUMBAI - The net profit of state-run power infrastructure financing company Power Finance Corp increased by 63 percent to almost Rs.1,970 crore last fiscal from about Rs.1,207 crore in 2007-08, it announced Monday. The increase in net profit is mainly due to reversal of deferred tax liability of Rs.61,651.32 lakh (Rs.616.5 crore), the company said in a regulatory statement.
Exclusive electricity grid for Commonwealth GamesJune 11th, 2009 NEW DELHI - BSES, one of the two private power distribution firms in the national capital, is setting up a Rs.400-million ($8 million) electricity grid that will exclusively serve the upcoming athletes village for the Commonwealth Games next year. "We will provide uninterrupted power supply to the 2010 Commonwealth Games.
DCM Shriram to slow down investments despite profitsJune 3rd, 2009 NEW DELHI - Diversified business group DCM Shriram Wednesday said it would go slow on investments this fiscal despite posting a net profit of Rs.369.23 crore, as compared to the Rs.209.99 crore it posted last year, an increase of 75.83 percent. "We are not looking at any major capex this year, given the still uncertain economic environment," chairman and senior managing director of DCM Shriram Consolidated Ltd (DSCL) Ajay S.
Transformers and Rectifiers opens new plant in GujaratMay 29th, 2009 AHMEDABAD - Power transmission and distribution major Transformers and Rectifiers India Friday inaugurated its new facility for manufacturing and testing high capacity transformers at Moraiya near here. The Moraiya unit is the company's third facility in the Gujarat after its plants in Odhav and Changoder.
Paper maker IP says 1st-qtr profit jumps 93 percent, bolstered by huge alternative fuel creditApril 30th, 2009 International Paper's 1Q net income jumps 93 pctMEMPHIS, Tenn. — International Paper Co., the largest U.S.
China Life says 1Q profit up 55 percent as income from surging Chinese stocks jumpsApril 24th, 2009 China Life says 1Q profit up 55 percentBEIJING — China Life Insurance Ltd., the country's biggest insurer by premiums, said Friday its first quarter profit surged 55 percent as a rally on China's stock market drove up investment income. Profit rose to 5.4 billion yuan ($788 million) or 0.19 yuan per share for the three months ending March 31, the Beijing-based insurer said.
Singapore's Keppel Corp. first-quarter profit rises 9 percent as income from oil rigs jumpsApril 24th, 2009 Oil rig builder Keppel says 1Q profit rises 9 pctSINGAPORE — Singapore's Keppel Corp., the world's largest builder of offshore oil rigs, said first quarter net profit rose 9 percent from a year earlier as rig income grew. Keppel reported late Thursday a net profit of 285 million Singapore dollars ($190 million) for the three months ended March 31, compared with S$262 million a year earlier.
NTPC net profit up 5.6 percentApril 8th, 2009 NEW DELHI - State-run power generation firm NTPC Ltd Wednesday reported 5.6 percent increase in its provisional net profit for 2008-09. NTPC, formerly known as National Thermal Power Corp, posted Rs.7,827.4 crore ($1.5 billion) as profit for 2008-09, compared to Rs.7,414.8 crore the year before, the company said in a statement.
L&T profit jumps 215 percentJanuary 29th, 2009 NEW DELHI - Construction and engineering giant Larsen and Toubro (L&T) posted a 215.5 percent jump in its quarterly profit, primarily riding on the income from the sale of its ready-mix concrete (RMC) business. The company filed a net profit of Rs.15.2 billion (Rs.1,520.44 crore/$338.75 million) for the third quarter of 2008-09, as against Rs.4.81 billion during the same period last fiscal.
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