Fertilizer seller Potash Corp. lowers 3Q, '09 profit estimates on weak sales volumesSeptember 18th, 2009 Potash Corp. lowers 3Q, '09 profit estimatesSASKATOON, Canada — Potash Corporation of Saskatchewan Inc., a Canadian fertilizer seller, said Friday that its third-quarter and 2009 yearly profit would be lower than it had predicted earlier.
Earnings roundup: Viacom 2Q profit, sales slide; acquisition lowers Teva Pharmaceutical netJuly 28th, 2009 Earnings roundup: Viacom, Teva PharmaceuticalAmong the earnings stories for Tuesday, July 28, from AP Financial News:
NEW YORK (AP) — Viacom Inc. said Tuesday its second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and lower box-office results.
Biocon net up 59 percent in first quarterJuly 23rd, 2009 BANGALORE - Biotech major Biocon has posted a net profit of Rs.47.6 crore for the first quarter this fiscal, registering a 59 percent year-on-year (YoY), the company said Thursday. Total income for the quarter under review, however, grew only nine percent YoY to Rs.259 crore from Rs.237 crore in the like period a year ago, the company said in a regulatory filing.
Carnival books better-than-expected 32 percent drop in 2nd-qtr profit but lowers 2009 outlookJune 18th, 2009 Carnival reports 32 percent drop in 2Q profitMIAMI — Cruise operator Carnival is reporting a better-than-expected 32 percent drop in second-quarter profit but is lowering its full-year forecast to reflect rising fuel costs. Miami-based Carnival Corp.
Indian biotech industry growing, but at slower paceJune 18th, 2009 BANGALORE - Global recession and slowdown in the domestic market impacted the Indian biotech industry last fiscal, resulting in a year-on-year (YoY) growth declining to 18 percent from 34 percent notched in 2007-08. According to data released Thursday at Bangalore Bio 2009, India's premier biotech event, the industry grew to Rs.12,137 crore from Rs.10,274 crore the previous fiscal, reflecting an increase of 18 percent.
Biocon inks partnership with ISB to launch Biocon Cell for Innovation ManagementJune 8th, 2009 BANGALORE - Biocon Limited have launched the Biocon Cell for Innovation Management (BCIM) to promote innovation in business. The Cell will be established under the aegis of the Centre for Leadership, Innovation, and Change (CLIC) at the ISB.
Biocon to fund innovation cell at Hyderabad B-schoolJune 8th, 2009 BANGALORE - India's biotechnology major Biocon Ltd. Monday announced the setting up of a cell for innovation management at Hyderabad's Indian School of Business (ISB) with a corpus of Rs.1 crore.
SBI net profit up 35.5 percent in 2008-09May 9th, 2009 KOLKATA - State Bank of India (SBI), the country's largest lender, has posted a net profit of Rs.9,121 crore for 2008-09 as against Rs.6,729 crore the year before, a rise of 35.5 percent. 'Net profit for the fourth quarter (January-March) of 2008-09 increased 45.62 percent to Rs.2,742 crore from Rs.1,883 crore in the corresponding quarter of 2007-08,' SBI chairman O.P.
State Bank of India net profit up 45.62 percentMay 9th, 2009 MUMBAI - The country's largest lender State Bank of India (SBI) Saturday reported a 45.62 percent rise in its net profit for the quarter ended March 31. The bank said in a regulatory statement that its fourth quarter profit stood at Rs.2,742.31 crore, up from Rs.1,883.25 crore in the like period last year.
Rupee shoots up to 49.30 against dollarMay 5th, 2009 MUMBAI - India's rupee Tuesday shot up 62 paise to close at a two-and-a-half month high of 49.30/31 against the US dollar, thanks to sustained capital inflows and the recent rise in the equities markets. During the trade at the Interbank Foreign Exchange (Forex) market, the domestic unit resumed strong at 49.60/62 against the dollar from its previous close of 49.92/94.
Biocon Group delivers 16 per cent growth in operating profitsApril 28th, 2009 BANGALORE - Biocon Limited today announced its financial performance for the financial year ended March 31. Unpredictable rupee depreciation induced by the global economic crisis has adversely impacted consolidated FY '09 earnings, wherein losses of Rs.
Biocon last quarter profit dips 61 percentApril 28th, 2009 BANGALORE - Biotechnology major Biocon Tuesday announced a decrease of over 61 percent in its net profit for the quarter ending March 31. In a regulatory statement, Biocon said its unaudited net profit for the last quarter was Rs.241.4 million, compared to Rs.620.3 million - a decrease of over 61 percent.
Rupee falls to 50.02 against dollarApril 9th, 2009 MUMBAI - The Indian Rupee on Thursday depreciated to an all time low of 50.02 against the US currency. It had ended at 50.20 on Wednesday.
Rupee touches new lowFebruary 27th, 2009 MUMBAI - The Indian rupee touched a new low Friday when it slipped in afternoon trading to Rs.51 against a dollar on heavy demand for the US currency. Around 1:45 p.m., the rupee recovered marginally to 50.73 as state-run banks intervened on behalf of the Reserve Bank of India.
Gold price reaches record highFebruary 16th, 2009 MUMBAI - Gold prices Tuesday zoomed Rs.360 to a record high of Rs.15,200 per ten grams in Indian bullion market on strong global cues and support from a weak rupee. The yellow metal continued its bull run at international markets also as investors kept buying gold amid worsening global economic outlook.
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