Tata Steel has announced its first quarter FY11 results. The company’s Q1 standalone net profit was up 100% at Rs 1,579.39 crore versus Rs.789.83 crore, year-on-year, YoY. Its Q1 standalone net sales were up 16.51% at Rs 6,471.27 crore versus Rs 5,554.02 crore, YoY. Q1FY11 consolidated The company’s consolidated net profit was at Rs 1,825.3 [...]
Fortis Healthcare Q1FY11 consolidated net loss (YoY) stood at Rs 14.3 crore Vs profit of Rs 7.6 crore and net sales stood at Rs 334.2 crore Vs Rs 182.8 crore. OPM stood at 14.06% Vs 15.16% (YoY). Net interest cost on Parkway acquisition stood at Rs 33 crore. Interest cost stood at Rs 71 crore [...]
Tulip Telecom enters into partnership with Qualcomm arm for BWA venture. Tulip Telecom to buy 13% in venture and will invest Rs 140 Cr Global Holding & Tulip Tele take 13% each in Qualcomm BWA JV. Tulip Tele & Global Holding will invest $ 29 million each in JV. Qualcomm will invest $ 164 million [...]
Asian markets were quiet in trade. China’s Shanghai Composite was up 0.36% or 9.56 points at 2,643.22. Hong Kong’s Hang Seng was flat at 21,091.17. Japan’s Nikkei slipped 0.52% or 51.09 points at 9,702.18. Singapore’s Straits Times was down 0.11% or 3.39 points at 2,981.99. South Korea’s Seoul Composite was flat at 1,772.28. Taiwan’s Taiwan [...]
BP Plc is in talks with Reliance Industries and Essar Group to sell its African retail assets that could be worth as much as $500 million, sources said on Wednesday. It was not known whether BP was showing the African assets to other potential buyers. It plans to sell $30 billion of assets over the [...]
Asian markets were trading down on Wednesday morning. Hong Kong’s Hang Seng was down 0.22% or 45.75 points at 20,927.64. Singapore’s Straits Times was down 0.19% or 5.68 poinst at 2,973.70. South Korea’s Seoul Composite was down 0.13% or 2.24 points at 1,766.07. Taiwan’s Taiwan Weighted was down 0.12% or 9.12 points at 7,738.89. China’s [...]
In an exclusive interview with CNBC-TV18 Koushik Chatterjee, the group CFO of Tata Steel said the steel prices were now significantly higher than it was last year, however, he sees a seasonal slowdown in August and expects iron ore prices to soften further. Steel demand in Europe had fallen significantly due to the Euro crisis [...]
It is a red letter day for Elecon Engineering Co Ltd. as INS Shivalik joins the Indian Navy on 29 April 2010. Elecon Engineering is possibly one of largest manufacturer of marine and industrial gears and transmission products in India. The design and manufacturing of CODOG gearbox for the Navy’s new generation stealth warship by [...]
Nikkei Stock Average 225 down 0.42 pct at 11,118.82. Hang Seng Index down 1.35 pct at 21,295.29. KOSPI Index down 0.35 pct at 1,746.13. Shanghai Composite Index down 2.17 pct at 2,904.95. US Markets US Markets ended flat on Monday.Dow Jones industrial average was up 1 points,up 0.01 percent, to 11,205. The Standard & Poor’s [...]
The US markets gained for fifth straight session on back of strong earnings from Intel, JPMorgan and better-than-expected consumer spending data. US market had gained more than 15% from its February low. The Dow Jones Industrial Average ended up 104 points at 11123. The Nasdaq was up 39 points at 2505 and S&P 500 up [...]
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