Business Line articles from January 2010

Business Line archives from January 2010

FRONT PAGE: Retail investor interest waning in top companies.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - Nearly 60 per cent of the top listed companies have registered, as of December 2009, a decline in the retail investor (holding less than Rs 1 lakh in nominal value of paid-up capital)...

FRONT PAGE: 10-fold n-power capacity scale-up on.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - Plans to scale up India's nuclear capacity nearly ten-fold over the next decade has got underway, with the Centre according 'in principle' approval to over 38,000 MWe (mega watt...

FRONT PAGE: Banks buying priority sector loans from NBFCs.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Mumbai, Jan. 30 - Public sector banks are now turning to non-banking finance companies to meet their priority sector lending targets. According to banking analysts, PSBs struggling to meet the mandatory 40...

CORPORATE: Dalmia Cement hikes stake in OCL.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - Dalmia Cement (Bharat) Ltd (DCBL) has increased its stake in OCL India to 45.4 per cent from 21.7 per cent earlier. According to a press release from the company, the 'inter se' transfer...

NEWS: Lower subsidy burden fuels Oil India net up 23%.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - Higher price realisation from crude oil production and lower subsidy burden has helped Oil India Ltd (OIL) to post a 23.48 per cent jump in its net profit for the third quarter of the...

NEWS: Sobha Developers builds up profit.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Bangalore, Jan. 30 - Backed by an increase in sales, Bangalore-based developer Sobha Developers' net profit went up five times to Rs 40.8 crore for the third quarter of this financial year from Rs 7.5 crore...

NEWS: Royal Orchid Q3 profit doubles.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Bangalore, Jan. 30 - Bangalore-based hospitality chain Royal Orchid Hotels' net profit almost doubled to Rs 3 crore during the third quarter of this financial year from Rs 1.03 crore recorded for the...

CORPORATE: McNally Bharat to rework organic, inorganic growth path.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kolkata, Jan. 30 - McNally Bharat Engineering Ltd (MBEL) has decided to rework its organic and inorganic growth path and restructure operational controls over different verticals, special business groups and...

CORPORATE: Honda to recall over 8,000 cars of 2007 City model.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - Honda has announced on Saturday a recall of more than 8,000 units of the second generation City sold in the domestic market in 2007, for a replacement of the power window switch located...

NEWS: Suzlon Energy posts Rs 22.7-cr profit.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Mumbai, Jan. 30 - On account of reduction in consumption of raw material and decrease in stock in trade, Suzlon Energy Ltd at consolidated level has achieved Rs 22.70 crore profit for the quarter ending...

CORPORATE: Improved sales bookings aid Unitech profit in Q3.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - The country's second largest real estate company Unitech Ltd on Saturday posted a strong 29.3 per cent rise in its consolidated net profit for third quarter of the current fiscal at Rs...

CORPORATE: GSPC plans IPO to fund KG Basin development.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kolkata Jan. 30 - GSPC (Global Strategy for Plant Conservation) seems to have begun its final run for the initial public offering, through 10 per cent fresh issue of equity shares, to part-finance its...

CORPORATE: EPC contracts boost BGR Energy net.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - Aided by buoyancy in its EPC contracts business, BGR Energy has been able to achieve 54 per cent jump in its net profit for the October-December quarter of the current year. Bulk of the...

NEWS: New chief for Campco.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Mangalore, Jan. 30 - Mr Konkodi Padmanabha has been elected the President of the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd. A press release by the cooperative said here that...

NEWS: Central Bank of India mulls mobile ATMs for C'Wealth Games.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - Central Bank of India plans to come up with mobile ATMs at various locations of the Commonwealth Games to be held in the Capital later this year. "As the official banker of the Games, we...

NEWS: Alagiri inaugurates 'Food Chamber'.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Madurai, Jan. 30 - The Union Minister for Chemicals and Fertilizers Mr.M.K.Alagiri inaugurated the Agro Food Chamber of Commerce and Industry, in a function held here on Friday. The new trade body called...

NEWS: Govt developing mechanism to settle its disputes out-of-court.
January 31, 2010... from BUSINESS LINE, January 31, 2010 XXXXX New Delhi, Jan 30 - The Union Minister for Corporate Affairs, Mr Salman Khurshid, said on Saturday that the Centre is considering evolving an in-house mechanism to settle out of court all the inter-...

NEWS: Kelkar bats for Air India disinvestment.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - The Finance Commission Chairman, Mr Vijay Kelkar, has batted for disinvestment of Air India with an aim to achieve twin objectives - to improve the organisation's efficiency; and routing...

NEWS: SBI to open branches in villages without banks.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kolkata, Jan. 30 - With a view to taking the concept of financial inclusion a step forward and extend the banking umbrella in the villages without banks, State Bank of India plans to cover one lakh such...

NEWS: India to remind Singapore about pact on professional qualifications.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - India will serve a reminder to Singapore on the sidelines of the ASEAN senior officials meeting in Jakarta next week on its concern regarding the delay in finalisation of the Mutual...

NEWS: Nokia in conciliatory mood on labour issue.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - Nokia India, which has been in the news recently over a labour-related issue, is in a conciliatory mood and has assured the labour union that no one would be victimised, according to Mr M....

NEWS: TAJ GVK net falls to Rs 12 cr.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Hyderabad, Jan. 30 - Taj GVK Hotels & Resorts Ltd has posted a marginally lower net profit of Rs 12.20 crore for the third quarter ended December, against the profit of Rs 13.51 crore for the...

NEWS: City Union Bank net rises 26.5%.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Coimbatore, Jan. 30 - City Union Bank (CUB) has registered a 26.5 per cent increase in its net profit for the quarter ended December 2009 at Rs 40.65 crore against Rs 32.13 crore during the corresponding...

NEWS: Titan's PAT trebles in Q3.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Bangalore, Jan. 30 - In the backdrop of a recovering economy and positive consumer sentiments, Titan Industries has more than tripled its profit after tax to Rs 78.35 crore in the third quarter ended December...

NEWS: Syndicate Bank net down 42.2%.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Bangalore, Jan. 30 - A significant increase in provisioning has brought down the net profits for Syndicate Bank by about 42.2 per cent to Rs 206.72 crore during the third quarter of this financial year from...

NEWS: GVKPIL Q3 revenue, net zoom.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Hyderabad, Jan. 30 - GVK Power & Infrastructures Ltd (GVKPIL) has registered a consolidated net profit of Rs 45.80 crore for the third quarter ended December 31, 2009, a growth of 105 per cent over Rs...

NEWS: NHPC reports net profit of Rs 582 cr.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan 30 - Hydropower major NHPC Ltd has reported a net profit of Rs 581.61crore during the third quarter of the current fiscal, as against a net loss of 53.94 crore in the corresponding period last...

NEWS: Divi's Laboratories net down.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Hyderabad, Jan. 30 - Divi's Laboratories Ltd's consolidated net profit decreased 14.7 per cent at Rs 68 crore in the third quarter ended December 31, 2009, compared with Rs 79.5 crore in the corresponding...

NEWS: Upper Ganges posts Rs 282 lakh net loss.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kolkata, Jan. 30 - The K.K. Birla Group-owned Upper Ganges Sugar and Industries Ltd has posted a net loss of about Rs 282 lakh for the quarter ended December 31, 2009, against a net profit of Rs 457 lakh...

NEWS: Alok Industries raises Rs 45 cr, net up 23%.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Mumbai, Jan. 30 - Alok Industries, an integrated textile company, has signed a Rs 45-crore private equity deal with Asiabridge Fund 1 LLC for its wholly-owned arm, Alok Homes & Apparels Ltd. The latter...

NEWS: IILF set in the backdrop of optimism.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - The leather industry expects to end 2009-10 with a 10 per cent decline in exports over previous year's $3.6 billion. Still it is good news compared with the earlier assessment of a 15 per...

AGRI-BUSINESS: Palm oil may test support, rise.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Malaysian palm oil futures ended lower, ahead of a long weekend. External factors such as energy prices and rival soya complex also did not offer support gradually easing lower. Palm oil prices have lost...

AGRI-BUSINESS: Spot rubber rules steady.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kottayam, Jan. 30 - Spot rubber prices were unchanged on Friday. Marginal losses in the domestic rubber futures did not make any visible impact on the physical prices and most of the players seemed to be...

NEWS: Canadian firm promotes linseed oil on health grounds.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Mumbai, Jan 30 - Given the age profile of the burgeoning population, India holds the potential to enjoy what is touted as "demographic dividend" in the years to come. Yet, the growing demographic dichotomy...

AGRI-BUSINESS: Rubber prices undergoing technical correction.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kottayam, Jan 30 - Rubber prices are undergoing a technical correction mainly due to the initiatives taken by the US. It intends to impose strict controls on institutions that incur loss in their...

CORPORATE: The FII surge: Retail investors cashing in?
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - FIIs returned to the market with a bang last year, after five consecutive quarters in the withdrawal mode. They pumped in Rs 1 lakh crore over the past nine months, twice as much as they...

CORPORATE: 'Firms must think global to sustain'.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - For companies to survive and sustain through generations, they need to think global, look at scalability, be process driven, adopt pull technology and have a control on costs, said Mr...

NEWS: Infosys' Digital Directory application.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Hyderabad, Jan. 30 - Infosys will develop Digital Directory application that would have all the contact numbers and other important information related to all the industries in Andhra Pradesh. The company...

CORPORATE: NTPC may see additional revenue from merchant power biz.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Kolkata. Jan 30 - Merchant power business may leave a substantial positive impact on the bottom line of NTPC beginning third quarter of the next fiscal, following commissioning of the upcoming 500 MW unit at...

NEWS: Monetary policy review, a reminder to Govt to roll back fiscal largesse.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan 30 - The third quarter review of the monetary policy endeavours to ensure price stability and anchor inflation expectations that are fast getting embedded into the economy. This the central...

NEWS: SoftPro posts profit.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Hyderabad, Jan. 30 - SoftPro Systems has registered a turnover of Rs 7.95 crore in the quarter ended December 31, 2009, against Rs 1.67 crore in the same quarter last year. The net profit went up to Rs 1.39...

NEWS: No sign of 3G auction but India has over 2 million subscribers.
January 31, 2010... from BUSINESS LINE, January 31, 2010 New Delhi, Jan. 30 - Even as the auction for 3G spectrum is yet to happen, the number of subscribers with a third generation wireless connection in the country has already crossed the 2 million mark. While...

NEWS: EdServe to train unemployed in 5 States.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Chennai, Jan. 30 - EdServ Ltd, Chennai-based education and placement company, will now directly work with the Union Ministry of Labour and Employment, to provide training to the unemployed and the under-...

FRONT PAGE: Educomp Solutions - Buy.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Investors with a two-year horizon can buy the shares of Educomp Solutions, an education solutions provider, considering a revenue model that ensures sustainable revenue streams and the rapid addition in...

INVESTMENT WORLD: 'Real assets keep your pricing power intact'.
January 31, 2010... from BUSINESS LINE, January 31, 2010 As inflation rears its head once again, investing in hard assets is a good way to inflation-proof your portfolio. Amit Lodha, the London-based Portfolio Manager for Fidelity Fund's Global Real Asset...

SCRIP SCAN: NTPC - FPO: Invest.
January 31, 2010... from BUSINESS LINE, January 31, 2010 NTPC is one of the better bets among power stocks. Though it has grown at a sedate pace over the last five years, NTPC is likely to deliver better earnings growth over the next decade. Our valuations, on...

SCRIP SCAN: Emmbi Polyarns - IPO: Avoid.
January 31, 2010... from BUSINESS LINE, January 31, 2010 The IPO of Emmbi Polyarns appears unsuitable for conservative investors. Despite the company's relatively healthy margins and reasonable potential for growth in the flexible packaging business, the asking...

SCRIP SCAN: V-Guard Industries: Buy.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Investors with a medium-to-long term horizon can buy the stock of V- Guard Industries (V-Guard) due to the high potential of the consumer durables business and the discounted valuation of the stock. At Rs 84,...

SCRIP SCAN: DB Realty - IPO: Avoid.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Investors can avoid the initial public offer of the Mumbai-based real-estate developer, DB Realty, for now. Presence in the Mumbai market, which is perennially in short supply of usable land, besides the...

OPINION: Cement: Prospects not so grey.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Volume despatches reported by the cement industry for the nine months of this fiscal were higher by 13 per cent against last year, a level of growth not seen in recent times. Yet, the December quarter numbers...

MUTUAL FUNDS: Fund Update.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Religare Mutual Fund has launched a new open ended ETF scheme- Religare Gold Exchange Traded Fund. The new fund offer would remain open till February 23. The scheme seeks to generate returns that closely...

MUTUAL FUNDS: Flexible approach to debt funds.
January 31, 2010... from BUSINESS LINE, January 31, 2010 After retirement from service, I have received a lump sum from my employer. I have alreadyinvested 60 per cent of those funds in 9 per cent Senior Citizen's Scheme. I want to invest the balance amount in...

MUTUAL FUNDS: ICICI Prudential Power Fund: Hold.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Investors may retain units of ICICI Pru Power Fund (ICICI Power) considering its long-term track record in delivering steady returns. The fund has managed to better the returns generated by its benchmark,...

MUTUAL FUNDS: Birla Asset Allocation Plan - Conservative: Invest.
January 31, 2010... from BUSINESS LINE, January 31, 2010 With the stock market seeming ripe for correction, are you looking for a relatively safe fund in which to park your profits from equity funds? The Conservative option of Birla Sun Life's Asset Allocation Fund...

MUTUAL FUNDS: Dividend, re-investment or growth?
January 31, 2010... from BUSINESS LINE, January 31, 2010 Mutual fund houses often use dividends as a means to attract inflows to equity linked saving schemes (ELSS) in the first quarter of the calendar year. That leads investors to seek help in identifying which...

INVESTMENT WORLD: Any 'Grahamian' stock bargains?
January 31, 2010... from BUSINESS LINE, January 31, 2010 Graham, popularly known as the Father of Security Analysis, enumerates many ways of investing for an "enterprising" investor in his book The Intelligent Investor. One such is to buy bargain issues of various...

INVESTMENT WORLD: Are longer discount sales good?
January 31, 2010... from BUSINESS LINE, January 31, 2010 Most of us like discount sales. But does it matter whether such sales run for one-two days or for a longer time? It turns out that our spending decisions may depend on the duration of such sales. How? Suppose...

INVESTMENT WORLD: Biz Quiz.
January 31, 2010... from BUSINESS LINE, January 31, 2010 #1. Identify the person in the picture. #2. Which committee submitted a report to the Government proposing the scrapping of upfront fee (commission) on financial products? #3. Name the two foreign...

INVESTMENT WORLD: Budget wish-list of realtors.
January 31, 2010... from BUSINESS LINE, January 31, 2010 The Confederation of Real Estate Developers Association of India (CREDAI) has sought tax holidays for industrial park and housing projects under Sections 80-IA and 80-IB, infrastructure status for integrated...

MARKET WATCH: Query Corner: Tata Communications at long-term support.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Can you give your views on Praj Industries bought at Rs 110? S Kunjithapatham Praj Industries (Rs 87.1): In our review of this stock last August, we had written that it can move between Rs 50 and Rs 135 over...

MARKET WATCH: Gold is a risk-stabiliser, not returns-enhancer.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Recently, a certain industry association had a discussion on asset allocation and the debate turned towards gold. One question deliberated was: Is gold a good investment within a portfolio framework? The...

MARKET WATCH: Pivotals: Reliance Industries (Rs 1,046.5).
January 31, 2010... from BUSINESS LINE, January 31, 2010 Reliance Industries declined to the low of Rs 1,018 last week. But the 200-day simple moving average present at Rs 1,020 cushioned the fall and the stock has been hovering just above this level over the last...

MARKET WATCH: Stock Strategy: Consider shorting Tata Motors, Dish TV.
January 31, 2010... from BUSINESS LINE, January 31, 2010 Tata Motors (Rs 690): After reaching its 52-week high at Rs 845, the stock has been in a downtrend. It now finds resistance at Rs 730 and only a close above Rs 740 would arrest the weak trend. In that event,...

FRONT PAGE: This hike is best, says Subbarao.
January 30, 2010... from BUSINESS LINE, January 30, 2010 New Delhi, Jan. 29 - The Reserve Bank of India Governor, Dr D. Subbarao, defended the move to go in for 75 basis points hike in cash reserve ratio (CRR), stating that this quantum was the best at the current...

FRONT PAGE: Sensex recovers after a dip.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - The CRR hike on Friday set off huge volatility in stocks, as the market had expected the rate hike to be no more than 50 bps. The announcement drove the benchmark Sensex below the...

FRONT PAGE: RBI raises cash reserve ratio to curb inflation.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - The Reserve Bank of India on Friday expedited reversing its crisis-driven accommodative monetary stance over concerns that the rapidly rising food inflation may start to affect other...

FRONT PAGE: Bankers to hold interest rates for next six months.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan 29 - Bankers said they will not hike interest rates for six months despite the hike in the Cash Reserve Ratio. The impact of the policy is neutral from the point-of-view of a rise in interest...

FRONT PAGE: Tata Chem investing Rs 3,500 cr to double urea capacity.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - Tata Chemicals will invest Rs 3,500 crore to double its urea production capacity to 2.4 million tonnes at Babrala, Uttar Pradesh. Mr R. Mukundan, Managing Director, said at a press meet...

FRONT PAGE: 3G auction unlikely this fiscal.
January 30, 2010... from BUSINESS LINE, January 30, 2010 New Delhi, Jan. 29 - The Government is set to lose Rs 35,000 crore this fiscal as the auction for 3G spectrum is likely to be postponed to the next financial year. This follows the stand taken by the...

FRONT PAGE: Tata Motors drives into profit zone on growth in truck sales.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - Tata Motors reported a net profit of Rs 400.14 crore for the third quarter of this fiscal, a turnaround from the Rs 263.26-crore net loss in the corresponding period last year. Revenue...

CORPORATE: EID Parry back in black.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Chennai, Jan. 29 - EID-Parry (India) Ltd has reported a net profit of Rs 34.05 crore on a turnover of Rs 351.66 crore for the quarter ended December 31, 2010. During the corresponding period in the previous...

CORPORATE: RNRL income down 40%.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - Reliance Natural Resources (RNRL) of the Anil Ambani Group has posted a four per cent rise in net profit for the third quarter at Rs 25 crore (Rs 24 crore in the same period last year)....

CORPORATE: Siemens net drops 28%.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai Jan. 29 - Industrial and Infrastructure solutions provider Siemens has posted a 28 per cent drop in net profit at Rs 236 crore for the quarter-ended December 31, 2009 compared with Rs 330 crore in the...

CORPORATE: NTPC Q3 profit rises 5% on lower fuel, interest costs.
January 30, 2010... from BUSINESS LINE, January 30, 2010 New Delhi, Jan. 29 - Boosted by lower fuel and interest costs and a surge in generation, power major NTPC Ltd posted a five per cent increase in net profit at Rs 2,365 crore for the third quarter of the...

CORPORATE: IOC net profit dips 76% on rising under-recoveries.
January 30, 2010... from BUSINESS LINE, January 30, 2010 New Delhi, Jan. 29 - Growing under-recoveries and reduced compensation for selling petroleum products below the market price have resulted in Indian Oil Corporation Ltd (IOC) registering a 76.4 per cent drop...

CORPORATE: K.V. Kamath, Vijay Kelkar join Lupin board.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - Drug-maker Lupin has appointed Mr K.V. Kamath, Dr Vijay Kelkar, and Mr Richard Zahn to its board, taking its strength up to 12 including the seven independent non-executive directors. Mr...

CORPORATE: Glenmark Q3 net up over 15%.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Mumbai, Jan. 29 - Overall improvement in the economic environment helped drug-maker Glenmark Pharmaceuticals Ltd (GPL) clock a 15.5 per cent growth in its consolidated net profit for the third quarter ended...

CORPORATE: ArcelorMittal to locate steel plant in Bellary.
January 30, 2010... from BUSINESS LINE, January 30, 2010 New Delhi, Jan. 29 - ArcelorMittal has decided to locate its proposed six-million-tonne-per-annum steel plant at Torangal in Bellary district, said the Karnataka Industries Minister, Mr Murgesh Nirani. Mr...

CORPORATE: Kesoram profit dips, sales up.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Kolkata, Jan. 29 - Kesoram Industries Ltd has reported sales of Rs 1,245.79 crore in the third quarter to December 31, 2009 against Rs 1,044 crore in the comparable quarter in the previous year. Net profit,...

CORPORATE: Berger Paints profits zoom.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Kolkata, Jan. 29 - Berger Paints on Friday reported 19 per cent improvement in net sales to Rs 425 crore during the quarter ended on December 31, 2009 from Rs 358 crore in the corresponding period, last year....

CORPORATE: Continental Auto to make India hub for affordable cars project.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Bangalore, Jan. 29 - Continental Automotive Components, one of the world's leading auto parts' makers, has decided to make India a hub for its affordable cars' project and has posted the chief of global...

CORPORATE: Puravankara net profit up 75% on rise in finished home prices.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Bangalore, Jan. 29 - Real estate company Puravankara Projects has posted a 75 per cent increase in net profit to Rs 30.49 crore during the third quarter of the current fiscal on the back of an increase in the...

CORPORATE: Universal Cables net profit rises to Rs 6.7 cr.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Kolkata, Jan. 29 - MP Birla group outfit Universal Cables has reported a jump in net profit for the quarter ended December 31, 2009 owing to increase in production of valued added products, commodity hedging...

CORPORATE: Higher input costs pull Britannia Q3 net down 37%.
January 30, 2010... from BUSINESS LINE, January 30, 2010 Bangalore, Jan. 29 - Challenged by the rising commodity prices and the company's continued policy to insulate consumers from this cost inflation, Britannia Industries Ltd reported a 37 per cent drop...