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Popular Articles

Disinvestment not a forgotten word in 2009
Disinvestment of public sector companies gathered steam in the first year of UPA-II that saw two PSUs-- Oil India and NHPC-- raising around Rs 8,600 crore from IPOs and the way was cleared for divestment in three more state-run power companies in the new year.

Nordic region offers $10 billion opportunity for IT firms
The Nordic region (Norway, Denmark, Iceland, Finland and Sweden), which is now opening up to offshoring as a viable option to sustain its long-established competitiveness, offers an untapped $10 billion outsourced services opportunity for Indian IT companies, said a Nasscom-PricewaterhouseCoopers report.

News of the day

Industrial commodity price surge spooks India Inc
Prices of key inputs up 44% to 74%; analysts expect earnings squeeze after a quarter or two.
Small Business

Century Textiles net doubles

Century Textiles and Industries, part of the B K Birla group, has posted a rise of 110.52 per cent in its net profit for the quarter ended December 2009 at Rs 59.64 crore compared with Rs 28.33 crore in the corresponding previous quarter. Its net sales during the period grew to Rs 1,068.10 crore against Rs 879.79 crore, up 21.4 per cent. - Torrent Pharma"s net up 64% - SAIL net profit doubles to Rs 1,676 crore - IDFC consolidated net profit up 46 per cent - PNB net flat due to treasury hit - BoB net jumps 17.5% - BoB Q3 profit up 18% on strong growth in fee-income The company has three businesses — cement, textiles and pulp & paper. The cement division helped the company to post high profits as demand remained robust along with higher prices. The cement segment contributed revenues of Rs 651.21 crore against Rs 504.48 crore last year. Meanwhile, revenues from the company’s textiles business, too, went up from Rs 166.67 crore to Rs 208.96 crore, mainly on the back of its new plant at Bharuch in Gujarat going on stream.


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