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Business

Maruti Q3 net up to Rs 687.5 crore

by Agencies January 25, 2010 Business

Maruti Suzuki India has announced its third quarter results.
The company’s Q3 net sales were up 62% at Rs 7,372.6 crore versus Rs 4,537.1 crore, year-on-year (YoY).
Its net profit was up 222% at Rs 687.5 crore versus Rs 213.5 crore, YoY.
Currently the stock is traded at Rs. 1452.20 ( BSE: 532500 | [...]

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Andhra Bank net profit jump to Rs 275 cr

by Agencies January 25, 2010 Business

Andhra Bank has announced its third quarter results of FY10. It has reported 29.29% jump in its net profit of Rs 275 crore as against Rs 212.7 crore in the same period of previous year.
Net interest income shot up 29% to Rs 583 crore from Rs 451.9 crore. Net interest margin stood at 3.35%.
Cost of [...]

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India Cement Q3 net profit is Rs 35 c

by Agencies January 25, 2010 Business

India Cement has declared its third quarter results of FY10. It has reported 43.55% decline in its net profit of Rs 35 crore as against Rs 62 crore.
Net sales increased 14.44% to Rs 864 crore from Rs 755 crore.
Bottomline was way below the markets expectations while topline was better-than-estimates; CNBC-TV18 was expecting the net [...]

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HCL Tech net fall to Rs 296.7 cr

by Agencies January 25, 2010 Business

Revenues were flat at 3,032.5 crore versus Rs 3,031.4 crore. EBIDTA (earning before interest, depreciation, tax and amortisation) margin slipped to at 21.1% versus 22.7% and EBIDTA fell to Rs 638.6 crore from Rs 688.8 crore.
Net profit before forex gain/loss was at Rs 422.4 crore as against Rs 470.5 crore QoQ. Forex loss came in [...]

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Sensex starts week in the red

by Indo-Asian News Service January 24, 2010 Business

A benchmark index of Indian equities Monday recovered from its morning low, but was still ruling 97 points lower about an hour before noon.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,847.7 points, was at 16,762.18 points, down 97.5 points or 0.55 percent from its previous close at 17,051.14 [...]

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Vijaya Bank net dips 26 percent in Q3

by Indo-Asian News Service January 23, 2010 Business

State-run Vijaya Bank reported a net profit of Rs.125 crore for the October-December third quarter of fiscal 2009-10, down 26 percent from the Rs.159 crore in same period a year ago.
“Our numbers need to be seen in the light of subdued earnings from treasury during the third quarter in the face of hardened benchmark yields,” [...]

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Maruti Suzuki’s Q3 net profit triples

by Indo-Asian News Service January 23, 2010 Business

India’s largest car maker Maruti Suzuki Saturday reported that net profits during the third quarter ended Dec 31 had tripled to Rs.687.53 crore, largely due to improved sales.
The company, in which Japan’s Suzuki Motor Corp has a 54.2 percent stake, saw net profit during the third quarter of 2008-09 drop to Rs.213.57 crore, due to [...]

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Reliance-ADAG among 10 suitors for MGM: Wall Street Journal

by Indo-Asian News Service January 23, 2010 Business

Hollywood’s famous film studio Metro-Goldwyn-Mayer (MGM) has received buyout bids from several potential suitors, including India’s Reliance ADA Group (ADAG), according to the Wall Street Journal.
Bids ranged between $1.5 billion and $2.5 billion, but the offers aren’t close to covering the $3.7 billion that is owed to lenders, the leading US financial daily said Friday [...]

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First weekly loss of Sensex this year, sheds 694 points

by Indo-Asian News Service January 23, 2010 Business

A benchmark index of Indian equities lost 694 points this week, ending the week in red for the first time this year with domestic and foreign traders choosing to step on the selling pedal.
The selling was rampant across broader markets as well, which in recent weeks had managed substantial gains.
The 30-share sensitive index (Sensex) of [...]

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