first quarter

Quick decisions needed to boost investments: Chidambaram


August 31st, 2012 - 5:17 pm ICT by IANS
New Delhi, Aug 31 (IANS) Finance Minister P. Chidambaram Friday said quick decisions are needed to accelerate investments, especially in the manufacturing sector, a major drag on the country's ... Read more...

Posted in Business |

Indian economy’s growth slows to 5.5 percent in first quarter


August 31st, 2012 - 1:12 pm ICT by IANS
New Delhi, Aug 31 (IANS) The Indian economy grew at a much lower pace of 5.5 percent in the first quarter of this fiscal, as per official estimates of the ... Read more...

Posted in Uncategorized |

Gold imports drop by 18.4 percent in April-June quarter


August 30th, 2012 - 9:48 pm ICT by IANS
New Delhi, Aug 30 (IANS) Gold imports in India fell by 18.4 percent to Rs.71,912 crore in the first quarter of the current financial year, largely due to a sharp ... Read more...

Posted in Business |

US durable goods orders go up


August 25th, 2012 - 1:50 pm ICT by IANS
Washington, Aug 25 (IANS) New orders for US-manufactured durable goods rose for the third consecutive month in July, said authorities. Orders for durable goods increased 4.2 percent last month to ... Read more...

Posted in Business |

NALCO’s Q1 net profit down 41 per cent


August 16th, 2012 - 7:27 pm ICT by IANS
Bhubaneswar, Aug 16 (IANS) The state-run National Aluminium Company Ltd (NALCO). Thursday said it has recorded a 41 per cent decline in net profit in the first quarter ended ... Read more...

Posted in Business |

India, Nigeria hope to have direct flights


August 16th, 2012 - 2:07 pm ICT by IANS
Abuja, Aug 16 (IANS) India is set to review the Bilateral Air Service Agreement (BASA) with Nigeria so that airlines can operate non-stop flights to both countries.Indian High Commissioner Mahesh ... Read more...

Posted in Business |

Austrian economy slows down


August 15th, 2012 - 2:35 pm ICT by IANS
Vienna, Aug 15 (IANS) The Austrian economy grew a mere 0.2 percent in the second quarter of 2012, the Austrian Institute of Economic Research (WIFO) reported. The figure was down ... Read more...

Posted in Business |

Mexico’s tourism activity grows


August 15th, 2012 - 11:42 am ICT by IANS
Mexico City, Aug 15 (IANS/EFE) Mexico's tourism activity grew 3.9 percent in the first quarter of this year, compared to the same period in 2011, thanks to strong demand for ... Read more...

Posted in Business |

Balmar Lawrie Q1 net up marginally


August 14th, 2012 - 7:35 pm ICT by IANS
Kolkata, Aug 14 (IANS) State-run Balmer Lawrie Tuesday reported a marginal 1.6 percent increase in net profit at Rs.45.63 crore for the quarter ended June 30 from Rs.44.91 crore fore ... Read more...

Posted in Business |

Reliance Infrastructure reports decline in Q1 profits


August 14th, 2012 - 7:07 pm ICT by IANS
Mumbai, August 14 (IANS) Reliance Infrastructure Tuesday declared that its standalone net profit declined 24 percent year-on-year to Rs.327 crore in the quarter ended June 2012.The company has posted a ... Read more...

Posted in Business |

South Korea’s trade terms worsen


August 13th, 2012 - 3:29 pm ICT by IANS
Seoul, Aug 13 (IANS) South Korea's terms of trade worsened in the second quarter due to a drop in export prices stemming from weaker global demand, the central bank said ... Read more...

Posted in Business |

Olympic basketball: Australia thrashes Russia for women’s bronze


August 12th, 2012 - 2:53 am ICT by IANS
London, Aug 12 (IANS/RIA Novosti) Australia's women dominated Russia throughout to win basketball bronze Saturday, beating the Russians 83-74.The Australians held the lead 17-16 at the end of a largely ... Read more...

Posted in Sports |

Carborundum Universal net down by 31 percent


August 7th, 2012 - 8:01 pm ICT by IANS
Chennai, Aug 7 (IANS) City-based abrasives major Carborundum Universal Ltd closed the first quarter with 6 percent sales growth and 31 percent net profit fall as compared to previous year's ... Read more...

Posted in Business |

Tube Investments of India net down Rs.11.59 crore


August 6th, 2012 - 8:17 pm ICT by IANS
Chennai, Aug 6 (IANS) City-based multi-product company Tube Investments Monday announced a Rs.11.59 crore fall in net profit in the first quarter of the current fiscal as against corresponding period ... Read more...

Posted in Business |

UCO Bank Q1 net profit jumps 24 percent


August 4th, 2012 - 10:41 pm ICT by IANS
Kolkata, Aug 4 (IANS) Public sector lender UCO Bank Saturday reported a jump of almost 24 percent in net profit for the quarter ended June 30, 2012 at Rs.3.62 billion ... Read more...

Posted in Business |

BGR Energy confident of bagging new orders


August 4th, 2012 - 1:58 pm ICT by IANS
Chennai, Aug 4 (IANS) City based engineering-procurement-construction (EPC) company, BGR Energy Systems Ltd., targeting a revenue of Rs.3,750 crore this fiscal, is confident of beefing up its order book position ... Read more...

Posted in Business |

BGR Energy’s Q1 sales and net profit down


August 3rd, 2012 - 8:08 pm ICT by IANS
Chennai, Aug 3 (IANS) City-based engineering, procurement and construction (EPC) company BGR Energy Systems closed the first quarter of the current fiscal with lower sales and profit as compared to ... Read more...

Posted in Business |

India’s exports drop by 5.45 percent in June


August 1st, 2012 - 7:13 pm ICT by IANS
New Delhi, Aug 1 (IANS) India's exports declined by 5.45 percent to $25.07 billion in June, registering a sharp drop for the second month in row due to weak demands ... Read more...

Posted in Business |

Subbarao sees scope to cut rates in 2012


July 31st, 2012 - 6:17 pm ICT by IANS
Mumbai, July 31 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Tuesday said persistent high inflation did not allow the central bank to cut interest rates immediately but there ... Read more...

Posted in Business |

Indian economy to grow 6 to 6.5 percent in 2012-13: Montek


July 31st, 2012 - 3:39 pm ICT by IANS
New Delhi, July 31 (IANS) Indian economy is expected to grow by 6 to 6.5 percent in the current financial year and would take at least two years to reverse ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation persists


July 31st, 2012 - 1:56 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering of rates would aggravate inflationary pressure.In ... Read more...

Posted in Business |

Allahabad Bank Q1 net profit jumps 23 percent


July 30th, 2012 - 6:01 pm ICT by IANS
Kolkata, July 30 (IANS) State-run Allahabad Bank Monday reported a 23 percent jump in net profit at Rs.5.14 billion in the quarter ended June 2012 from Rs 4.18 billion in ... Read more...

Posted in Business |

South Korea’s auto exports grow


July 30th, 2012 - 3:48 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's automobile exports grew 3.1 percent in the second quarter from a year earlier due to strong demand for large-sized cars from the US, Australia ... Read more...

Posted in Business |

Inflation, fiscal deficit leave little room for rate cut


July 29th, 2012 - 5:34 pm ICT by IANS
New Delhi, July 29 (IANS) The Reserve Bank of India (RBI) is unlikely to cut interest rates when it reviews the monetary policy Tuesday as a ballooning fiscal deficit, high ... Read more...

Posted in Business |

Basketball: China beat Czechs, US survives


July 29th, 2012 - 2:44 pm ICT by IANS
London, July 29 (IANS) China beat Czech Republic 66-57 to win the Olympic women's basketball opener here while the US were stretched by Croatia.China's Guard Ma Zengyu scored 14 of ... Read more...

Posted in Sports |

Birla Corp Q1 net down 24 percent


July 28th, 2012 - 10:32 pm ICT by IANS
Kolkata, July 28 (IANS) Birla Corporation, the flagship company of the M.P. Birla group, Saturday announced a 24.26 percent slide in its net profit to Rs.84.74 crore for the quarter ... Read more...

Posted in Business |

BHEL quarterly net profit rises 13 percent


July 26th, 2012 - 7:15 pm ICT by IANS
Mumbai, July 26 (IANS) State-run Bharat Heavy Electricals Ltd. (BHEL) Thursday posted a 13 percent increase in net profit at Rs.921 crore for the quarter ended June 30 against Rs.815.5 ... Read more...

Posted in Business |

China’s economy expected to pick up


July 26th, 2012 - 4:05 pm ICT by IANS
Beijing, July 26 (IANS) China's economic growth has bottomed out and will pick up in the second half of this year on government monetary and fiscal support as well as ... Read more...

Posted in Uncategorized |

South Korea’s GDP grows


July 26th, 2012 - 1:38 pm ICT by IANS
Seoul, July 26 (IANS) South Korea's gross domestic product (GDP) grew 0.4 percent in the second quarter from three months earlier, the central bank said Thursday.Real GDP, the broadest measure ... Read more...

Posted in Business |

Etisalat posts $517 mn profit


July 26th, 2012 - 1:13 am ICT by IANS
Abu Dhabi, July 25 (IANS/WAM) UAE's Etisalat telecommunications company has posted a net profit of 1.9 billion dirhams for the second quarter of 2012 ending June 30.The figure represented an ... Read more...

Posted in Business |

China’s urban unemployment rate reaches 4.1 percent


July 25th, 2012 - 1:29 pm ICT by IANS
Beijing, July 25 (IANS) China's urban registered unemployment rate stood at 4.1 percent at the end of June, authorities said Wednesday.The rate remained unchanged from the first quarter of 2012, ... Read more...

Posted in Business |

Premji hopes PM will step up policy execution


July 24th, 2012 - 6:24 pm ICT by IANS
Bangalore, July 24 (IANS) Azim Premji, IT czar and chairman of Wipro Ltd., Tuesday hoped that Prime Minister Manmohan Singh would initiate steps to execute infrastructure and ... Read more...

Posted in Business |

LIC Housing Finance profit falls by 11 percent


July 24th, 2012 - 6:13 pm ICT by IANS
Mumbai, July 24 (IANS) LIC Housing Finance Tuesday said its profit fell by 11.32 percent to Rs.227.74 crore in the April-June 2012 quarter as compared to Rs.256.50 crore in the ... Read more...

Posted in Business |

Wipro projects flat IT growth in second quarter


July 24th, 2012 - 11:18 am ICT by IANS
Bangalore, July 24 (IANS) Wipro Ltd Tuesday projected $1.54 billion revenue from its global IT services for the second quarter (July-September) of this fiscal (2012-13), indicating a flat sequential growth ... Read more...

Posted in Sci-Tech |

Wipro net up 18 percent in first quarter


July 24th, 2012 - 11:05 am ICT by IANS
Bangalore, July 24 (IANS) Wipro Ltd posted a net profit of Rs.1,580 crore (Rs.15.80 billion) for the first quarter (April-June) of this fiscal (2012-13), registering 18 percent year-on-year (YoY) growth ... Read more...

Posted in Sci-Tech |

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