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India Inc to post double digit growth in profit in Q3
India Inc is likely to post 15-20 per cent growth in net profit in the third quarter, thanks to a low base year and a promising show from automobiles, capital goods, construction, metals, pharmaceuticals and sugar companies. The telecom sector, for the first time after several quarters of strong performance, is expected to show decline in net profit on the back of decline in revenue per phone.

2009 a mixed year for primary markets
With seven of the 16 initial public offers (IPOs) launched this year trading below their issue prices, 2009 has been a mixed year for primary market investors.

News of the day

Top law officers ask NTPC to move SC on RIL gas row
India"s top two law officers have advised NTPC to move Supreme Court at once to secure gas at a contracted price from Reliance Industries (RIL), a position in variance with Oil Ministry"s plea on the Ambani borthers" gas dispute.
Home Business

FDI jumps 60% to $1.74 bn in Nov

Foreign direct investment in the country surged by 60 per cent to $1.74 billion (around Rs 8,000 crore) in November, an official said today. - FII inflows hit record Rs 80,000 cr-mark in 2009 - Global crisis pinches FDI purse in 2009 - BEL"s radar joint venture push hits air-pocket - 2009: Organised retail feels recession pangs - India, other emerging economies to be on growth path: Report - Insurance, pension bills face delay The inflows were $1.08 billion foreign direct investment in the same month last year. However, during the April-November period, the inflows declined marginally to $19.38 billion (around Rs 90,000 crore) from $19.79 billion (around Rs 92,000 crore) a year ago due to impact of global credit squeeze felt in the earlier months of the fiscal, the official told PTI.


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