COMPANIES & SECTORS


During the June quarter, Canara bank's total revenues, including interest income, rose 19% to Rs9,165.47 crore while NPA increased to 1.98% from 1.7%   Mumbai: Public sector lender Canara Bank on Tuesday posted 6.8% increase in net profit at Rs775.28 crore for the first quarter ended...

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RBI in its 'prudential norms for off-balance Sheet Exposures of Banks' notification said, banks may partially or fully terminate the contract before maturity, at their discretion, thereby reducing the notional exposure of the contract   Mumbai: The Reserve Bank of India (RBI) said...

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Wipro's IT services revenue, which accounted for 78% of the total revenues, grew 30% year-on-year in rupee terms to Rs8,314 crore during the first quarter Mumbai: Wipro Ltd, India's third-largest software company on Tuesday reported 18.4% increase in consolidated net profit at Rs1,580.2...

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Moneylife Digital Team 24 July 2012
Despite a challenging economic climate and high inflationary pressures, consumers seems to be spending more which has led to a strong performance from Hindustan Unilever Fast moving consumer goods (FMCG) major, Hindustan Unilever (HUL) reported 14% increase in net sales to Rs6,378.77...

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Idea said its revenue performance of last two quarters has slowed down on sequential quarterly basis to 2.5% growth due to grim market battle for supremacy New Delhi: Mobile operator Idea Cellular on Monday said its consolidated net profit has increased by 32% to Rs234.1 crore for the...

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Moneylife Digital Team 23 July 2012
Larsen & Toubro reported subdued results during the first quarter despite 21% increase in its order book and revenues citing moderate domestic economy Larsen & Toubro (L&T) has announced a 26% increase in its year-on-year (y-o-y) net revenues in its first quarter results ending June...

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Yamaha's entry is interesting as Bajaj, the yesteryear leader, had long ago quit the scooters space, citing changes in consumer demand, even when another Japanese player Honda Motorcycles has been rocking with scooter sales Mumbai: Following the huge success that its native rival Honda...

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Dabur attributed the good performance in the first quarter to strong growth in key categories like health supplements, shampoos and foods New Delhi: FMCG major Dabur India on Monday reported 16.96% increase in its consolidated net profit for the quarter ended 30th June at Rs149.40...

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  According to HUL chairman Harish Manwani, rural India is a powerhouse bigger than urban markets with a potential opportunity of $1.8 trillion  Mumbai: Indicating that Hindustan Unilever Ltd (HUL) which sells almost 40% of its brands in the hinterlands will increase its focus on...

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The agreements came nearly a year after such an agreement was first signed between MDL and Pipavav, only to be put on hold in the wake of opposition from some companies Mumbai: State-run warship building yard Mazgaon Docks Ltd (MDL) has entered into separate joint ventures with Larsen...

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Last week, Essar Oil told the Supreme Court that it would pay Gujarat the sales tax liability of Rs6,300 crore in instalments, the first of which will be deposited by 30th July   Mumbai: Essar Oil on Monday said it tied up a new credit facility from a consortium of 12 domestic banks to...

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  The Mahapanchayat that represented around 100 villages, said they do not have faith in the SIT and there want the CBI to probe the incident at Maruti Suzuki plant in Manesar Manesar: Representatives of around 100 villages, who gathered at Dhana village for a Mahapanchayat, on...

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With the power situation continuing to remain grim, the ministries ought to come together to remove the hindrances that prevent the exploitation of resources for gainful purposes Instead of getting enhanced power supply, what appears is the ‘power’ struggles that goes on in ministries...

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Moneylife Digital Team 21 July 2012
RIL has reported disappointing results, with its net profit tanking 21%, to Rs4,473 crore on account of increased  expenses higher exchange rates Reliance Industries (RIL), an enterprise run by Mukesh Ambani, has reported poor results as its net profit sank by about 21% year-on-year...

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Sun Pharma had proposed to fully acquire Taro with an offer to purchase all the outstanding shares of the Israeli firm at $24.50 per share   Israel-based Taro Pharmaceutical Industries said a special committee of its board has rejected an offer from Sun Pharmaceutical Industries to...

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The arson on Wednesday resulted in the office facilities, the main gate, security office and the fire safety section burnt beyond repair. The company will soon announce its decision regarding resuming operations at these facilities   Manesar: Amid heavy police deployment, dispatch of...

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RIL paid a signing amount of about $15.5 to Rs17.5 million for the two blocks in Kurdistan and may have received about $200 million from Chevron from the stake sale New Delhi: US oil behemoth Chevron Corp on Thursday said it has bought Reliance Industries Ltd (RIL) 80% stake in two oil...

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Moneylife Digital Team 19 July 2012
India’s largest two-wheeler maker reported its June 2012 results which saw its margins remain flat, at 9.84%, which is same as last year, despite selling record 16.42 lakh vehicles for the reporting period Hero MotoCorp has announced its first quarter results for the 2012-13 fiscal by...

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Dish TV's sales rose to Rs519.9 crore from Rs462.8 crore, however due to forex losses of Rs13.8 crore its net loss widened to Rs32.3 crore Mumbai: direct to home (DTH) services provider Dish TV on Thursday said its net loss steeply shot up by over 76% to Rs32.32 crore for the first...

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Moneylife Digital Team 19 July 2012
Ratings agency CRISIL has reported poor sequential growth while posting a slight increase in overall sales. Its net sales and net profits increased by 7.4% and 7.5%, respectively Ratings agency CRISIL’s standalone total income for the second quarter fiscal ended 2012-13 marginally...

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