Ultratech second quarter net up 53 percent

October 9th, 2009 BANGALORE - Infosys Technologies Ltd, including its subsidiaries, hired 6,069 people during the second quarter (July-Sep) of this fiscal (2009-10), increasing the total headcount to 105,453 employees, the IT bellwether said Friday. With the exit of 4,521 employees in the quarter under review (Q2), the net addition is 1,548 as against 5,927 in the same quarter year ago.

October 5th, 2009 MUMBAI - The board of UltraTech Cement will meet Tuesday to take a call on the proposal to consolidate all cement units and divisions of the Aditya Birla group into one entity, named Samruddhi. Apart from UltraTech Cement, which was acquired from Larsen and Toubro, the Aditya Birla group has several cement units under its fold, notably Grasim.

September 4th, 2009 PRETORIA - South Africa's current account deficit has decreased, BuaNews reported Friday quoting the South African Reserve Bank (SARB). "The negative imbalance on the current account of the balance of payments improved from 7 percent of gross domestic product in the first quarter of 2009 to 3.2 percent in the second quarter," said the Reserve Bank in its September quarterly bulletin.

August 13th, 2009 BRUSSELS - Europe's economy remained stuck in recession, with second quarter figures out Thursday showing gross domestic product (GDP) contracting by 0.3 percent in the European Union and by 0.1 percent in the eurozone on the quarter. The flash estimates by the European statistical office Eurostat dashed hopes of an earlier-than-expected recovery after two of the EU's biggest economies - Germany and France - posted positive GDP figures.

July 31st, 2009 MUMBAI - Realty major DLF Friday reported a 79 percent drop in its net profit to Rs.396 crore for the quarter ended June 30 from Rs.1,863.97 crore in the same quarter, the previous fiscal. The company's total income also slipped to Rs.1,649.86 crore, a 57 percent drop from the previous corresponding quarter's Rs.3,810.62 crore.

July 28th, 2009 NEW DELHI - Budget carrier SpiceJet Tuesday reported net profits of Rs.263.42 million for the first quarter of this fiscal, against a loss of Rs.1.29 billion in the like quarter of 2008-09, despite some trying times for the aviation sector. The company's total income also registered a 10.55 percent increase at Rs.5.34 billion during the quarter, as against Rs.4.83 billion in the corresponding quarter of the last fiscal, said a regulatory filing with the Bombay Stock Exchange.

July 22nd, 2009 BANGALORE - Wipro Ltd posted net profit of Rs.10.16 billion (Rs.1,016 crore) for the first quarter (April-June) of this fiscal (2009-10), registering 12 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated revenue for the quarter (Q1) was Rs.62.74 billion (Rs.6,274 crore), an increase of five percent YoY as per the Indian accounting standard.

July 7th, 2009 UK mfg output down 1.2 percent in quarterLONDON — The government is reporting that U.K. manufacturing output fell by 1.2 percent in the March-May quarter compared to the previous three months.

May 1st, 2009 Mexico: Economy down near 7 percent in 1st quarterMEXICO CITY — Mexico says its economy shrank nearly 7.0 percent in the first quarter from the previous year, as manufacturing exports plunged 22.8 percent. Mexico's Treasury Department says the drop "is due to the deterioration of global economic conditions." It says the country lost 372,289 jobs during the quarter.

April 8th, 2009 MUMBAI - Bollywood actor and owner of Rajasthan Royals Shilpa Shetty unveiled new cricket gear for her team here last evening. Designed by Puma, the new cricket gear of last year's IPL winner was sponsored by Ultratech Cement.

February 27th, 2009 NEW DELHI - The growth of India's gross domestic product (GDP) dropped to 5.3 percent in the third quarter ending Dec 31 last year, compared to a growth of 8.9 percent in the same period the previous year. The economy, usually equated to the GDP, had grown by 7.6 percent in the second quarter of this fiscal.

January 29th, 2009 NEW DELHI - State-run oil major Indian Oil Corp (IOC) Friday said its net profit increased 41.5 percent to Rs.29.58 billion for the quarter ended Dec 31 as compared to Rs.20.9 billion in the corresponding period a year ago. The total income of the company rose 10.6 percent to Rs.723.51 billion in the quarter under review from Rs.654.04 billion, a company statement said.

January 22nd, 2009 NEW DELHI - Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday reported 2.7 percent increase in net profit in the quarter ended Dec 31. The company posted Rs.14.1 billion (Rs.1,410 crore) net profit in the quarter as against Rs.13.73 billion a year earlier, an official statement said.

January 20th, 2009 BANGALORE - India's third largest IT bellwether lost more employees than it could hire during the third quarter this fiscal, a senior executive admitted Wednesday. 'Yes, our net addition of employees was less than gross addition in the global IT services and products business due to slowdown and attrition in the third quarter compared to second quarter,' Wipro human resources head Pratik Kumar told IANS here.

January 19th, 2009 MUMBAI - United Breweries' net profit soared 67 percent to Rs.69.3 million for the quarter ended Dec 31 as compared to Rs.41.5 million in the corresponding period of the previous year, the company said Tuesday. Its total income, however, declined 11 percent to Rs.917.5 million for the quarter under review from Rs.1,029.10 million in the corresponding period last year.