profit growth

Coal India reports marginal net profit growth in Q1 (Lead)


August 13th, 2012 - 11:54 pm ICT by IANS
New Delhi/Kolkata, Aug 13 (IANS) State miner Coal India Limited (CIL) Monday declared a marginal net profit growth with a stand-alone net profit of Rs.45,765.70 million for the quarter ended ... Read more...

Posted in Business |

Coal India’s marginal net profit growth in Q1


August 13th, 2012 - 8:49 pm ICT by IANS
New Delhi, Aug 13 (IANS) State miner Coal India Limited (CIL) Monday declared a marginal net profit growth with a stand-alone net profit of Rs.45,765.70 million for the quarter ended ... Read more...

Posted in Business |

ONGC reports Q1 net profit of Rs.6,078 crore


August 11th, 2012 - 10:29 pm ICT by IANS
New Delhi, August 11 (IANS) Public sector oil and gas producer ONGC Saturday reported a net profit growth of 48.4 percent at Rs.6,078 crore for the quarter ending June 30, ... Read more...

Posted in Business |

Tube Investments logs 37 percent net profit growth


April 30th, 2012 - 9:31 pm ICT by IANS
Chennai, April 30 (IANS) City-based multi-product company Tube Investments of India Ltd. (TII) closed last fiscal with 37 percent growth in its consolidated net profit, and the company's Board of ... Read more...

Posted in Business |

HDFC Bank Q4 profit up 30 percent


April 18th, 2012 - 3:40 pm ICT by IANS
Mumbai, April 18 (IANS) HDFC Bank, India's second-largest private lender, Wednesday reported a 30.4 percent increase in its net profit at Rs.1,453.1 crore for the quarter ended March 31, 2012, ... Read more...

Posted in Business |

Chinese banking model unsustainable: Daily


February 22nd, 2012 - 4:31 pm ICT by IANS
Beijing, Feb 22 (IANS) The profit model of Chinese banks that encourages growth by stipulating a cap on deposit and lending rates is unsustainable, a daily said Wednesday.The commercial banks ... Read more...

Posted in Business |

China’s industrial profit goes up in 2011 (Lead)


February 3rd, 2012 - 2:17 pm ICT by IANS
Beijing, Feb 3 (IANS) China's industrial enterprises saw their profits increase 25.4 percent year-on-year to reach 5.45 trillion yuan ($863.68 billion) in 2011, the National Bureau of Statistics (NBS) said ... Read more...

Posted in Business |

Infosys profits from weak rupee, lowers dollar guidance (Lead)


January 12th, 2012 - 2:47 pm ICT by IANS
Bangalore, Jan 12 (IANS) India's second largest IT bellwether Infosys Ltd. posted robust revenue and profit growth in the October-December third quarter (Q3), propelled by a weakening rupee that forced ... Read more...

Posted in Business |

Britannia to foray into diabetic-friendly products


August 6th, 2011 - 11:16 pm ICT by IANS
Kolkata, Aug 6 (IANS) Fast Moving Consumer Goods (FCMG) major Britannia Saturday said it would venture into diabetic-friendly products and set up several greenfield bakery factories including in Bihar, Orissa ... Read more...

Posted in Business |

BlackBerry announces job cuts as profits, stock plunge


June 17th, 2011 - 12:38 pm ICT by IANS
Toronto, June 17 (IANS) BlackBerry maker Research In Motion (RIM)sank more than 15 percent during after-hours trading after Canada's top technology company released first-quarter results Thursday.As Waterloo-based RIM posted a ... Read more...

Posted in Uncategorized |

Infinite Computer Solutions yearly net up 35 percent


May 10th, 2011 - 7:56 pm ICT by IANS
Bangalore, May 10 (IANS) Leading IT services firm Infinite Computer Solutions (India) Ltd reported net profit of Rs.107 crore ($24 million) for fiscal 2010-11, registering 35 percent year-on-year (YOY) growth.In ... Read more...

Posted in Business |

Carborundum grows net by 68 percent in 2010-11


May 2nd, 2011 - 8:36 pm ICT by IANS
Chennai, May 2 (IANS) Abrasives major Carborundum Universal (CUMI) closed fiscal 2010-11 with sales and net profit growth of 25 percent and 68 percent, respectively, over the previous year, the ... Read more...

Posted in Business |

Canara Bank net up five percent in third quarter


January 31st, 2011 - 7:04 pm ICT by IANS
Bangalore, Jan 31 (IANS) Leading state-run Canara Bank Monday reported net profit of Rs.1,106 crore for the third quarter of the current fiscal (2010-11), registering a marginal five percent increase year-on-year (YoY) ... Read more...

Posted in Business |

Carborundum Universal Q2 net profit grows 55 percent


October 27th, 2010 - 8:20 pm ICT by IANS
Chennai, Oct 27 (IANS) Abrasives major Carborundum Universal Ltd (CUMI) closed the second quarter of the current fiscal with a consolidated revenue and profit growth of 26 percent and 55 percent respectively.The ... Read more...

Posted in Business |

Bank of India targets 22 percent profit growth in 2010-11


September 7th, 2010 - 8:09 pm ICT by IANS
New Delhi, Sep 7 (IANS) Bank of India, the country's fifth-largest public sector lender, is targeting a 22 percent growth in profit in the current financial year, Chairman and Managing Director Alok ... Read more...

Posted in Business |

Karur Vysya Bank to 35 branches, eyes 26 percent profit growth


August 6th, 2010 - 4:52 pm ICT by IANS
Kolkata, Aug 6 (IANS) Chennai-based Karur Vysya Bank will open 35 branches, mostly in northern India, to have a national footprint, and hopes to earn a 26 percent growth in profit this ... Read more...

Posted in Business |

Wipro achieves a quarterly profit of 31 percent


July 24th, 2010 - 1:36 pm ICT by ANI
Bangalore, July 24 (ANI): Wipro, third-largest software provider has beaten expectations by posting a 31 percent rise in its quarterly profit."We had a strong quarter particularly in our after tax profit ... Read more...

Posted in Business |

India needs $60-100 billion PE/VC funding by 2013: Study


May 7th, 2010 - 9:57 pm ICT by IANS
New Delhi, May 7 (IANS) India will need around $60-100 billion private equity (PE) and venture capital (VC) funds by 2013 for its infrastructure projects, according to a study released Friday. The ... Read more...

Posted in Business |

56 Indian firms in ‘The Forbes Global 2000′


April 22nd, 2010 - 10:18 am ICT by IANS
By Arun Kumar Washington, April 22 (IANS) China with 113 members and India with 56 members gained the most ground in breaking into the exclusive club of "The Forbes Global 2000" - ... Read more...

Posted in Business |

Bharti Airtel records two percent profit in third quarter


January 22nd, 2010 - 6:05 pm ICT by ANI
New Delhi, Jan 22 (ANI): Bharti Airtel on Friday announced that its net income after taxes grew by over two percent in the third quarter.Telecom service provider Airtel reported a small rise ... Read more...

Posted in Business |

Exide net profit surges 132 percent


January 11th, 2010 - 6:47 pm ICT by IANS
Kolkata, Jan 11 (IANS) Exide Industries, the country's largest lead acid storage battery manufacturer, saw its net profit rise 132 percent to Rs.130 crore in the third quarter this fiscal, the company ... Read more...

Posted in Business |

Bharati Airtel underperformance was due to increased competition: Study


December 9th, 2009 - 7:29 pm ICT by ANI
Mumbai, Dec 9 (ANI) : A recent study has claimed that Bharti Airtel has underperformed the Sensex by 50 percent YTD due to increased competition, leading to severe tariff cuts and ... Read more...

Posted in National |

Allahabad Bank net profit up 700 percent in Q2


October 22nd, 2009 - 7:04 pm ICT by IANS
Kolkata, Oct 22 (IANS) City-based public sector bank Allahabad Bank posted a net profit of Rs.333.59 crore for the quarter ended Sep 30, 2009, a growth of 700 percent from Rs.41.68 crore ... Read more...

Posted in Business |

Maruti Suzuki net profit up 25 percent


July 23rd, 2009 - 8:44 pm ICT by IANS
New Delhi, July 23 (IANS) Automobile major Maruti Suzuki Thursday reported a 25.3 percent increase in net profits to Rs.583.5 crore for the quarter ended June 30 compared to Rs.465.9 crore it ... Read more...

Posted in Business |

Wipro successfully adapting to global meltdown


July 22nd, 2009 - 10:47 pm ICT by ANI
Bangalore, July 22(ANI): Wipro chairman Azim Premji said on Wednesday that they are adapting successfully to the global meltdown.Wipro, India's third-largest software services exporter, registered 13 percent rise in quarterly profit.Wipro, which ... Read more...

Posted in National |

Hyderabad’s SoftPro acquires South African firm for $19 mn


July 2nd, 2009 - 12:36 am ICT by IANS
By Fakir Hassen Johannesburg, July 1 (IANS) Hyderabad-based software solutions provider SoftPro Systems has acquired South Africa's Cura Software Solutions for $19 million.SoftPro chairman Bala Reddy and Cura chief executive Avi Eyal ... Read more...

Posted in Business |

Airtel posts 25 percent cash profit growth in last quarter


April 29th, 2009 - 11:59 am ICT by IANS
New Delhi, April 29 (IANS) Telecom company Bharti Airtel Wednesday reported an increase of 25 percent to Rs.3,788 crore (Rs.38 billion/$754 million) in cash profit from operations for the quarter ended March ... Read more...

Posted in Business |

Exide posts 25 percent net profit growth


October 23rd, 2008 - 9:05 pm ICT by IANS
Kolkata, Oct 23 (IANS) Leading battery manufacturer Exide Industries Ltd has posted 25 percent growth in net profit for the second quarter of this fiscal, a company release said here Thursday.The company ... Read more...

Posted in Business |

BOC India posts Rs.218.7 mn net profit


October 23rd, 2008 - 7:57 pm ICT by IANS
Kolkata, Oct 23 (IANS) Industrial gases supplier BOC India Ltd has posted net profit of Rs.218.7 million for the quarter ended September 30, up from Rs.70.8 million of the corresponding period of ... Read more...

Posted in Business |

UTV records 176 percent net profit growth in first quarter


July 29th, 2008 - 5:36 pm ICT by IANS
Mumbai, July 29 (IANS) UTV Software Communications Ltd announced here Tuesday that it had recorded a 176 percent net profit growth in the first quarter of the current fiscal. The company's total ... Read more...

Posted in Entertainment |

Biocon’’s Q1 FY ”09 impacted by exceptional factors


July 17th, 2008 - 4:49 pm ICT by ANI
Bangalore, July 17 (ANI/Business Wire India): Biocon Limited today announced its financial performance for the three months ended June 30, 2008. Performance Highlights: -- Sales on a like for like basis (i.e. excluding ... Read more...

Posted in Entertainment |

Woolworths may expand into India


July 15th, 2008 - 2:29 pm ICT by IANS
Sydney, July 15 (IANS) Retailing giant Woolworths Ltd may soon be planning to expand into India, according to a report in the Fairfax newspaper published Tuesday. To maintain its profit growth, Woolworths ... Read more...

Posted in World |

India’s growth story intact: New CII president (Lead)


May 1st, 2008 - 6:21 pm ICT by admin
New Delhi, May 1 (IANS) India's growth story is intact and the economy will expand by 8.5-9 percent in the current fiscal, driven by a strong corporate performance, says an optimistic K.V. ... Read more...

Posted in Business |

Rising rupee, wage hike hit Wipro profit


April 18th, 2008 - 3:59 pm ICT by admin
(Lead)Bangalore, April 18 (IANS) The net profit of global software major Wipro Ltd came under severe pressure in fiscal 2007-08 due to a mere three percent year-on-year (YoY) growth in the fourth ... Read more...

Posted in Sci-Tech |

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