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Tuesday, February 01, 2011
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CORPORATE RESULTS

PUBLIC SECTOR BANKS: Net interest income pushes Canara Bank net to record
Third quarter profit touches Rs 1,106 crore. Aided by over 43 per cent growth in net interest income, Canara Bank posted its highest-ever net profit of Rs 1,106 crore during the third quarter of ...

PUBLIC SECTOR BANKS: Central Bank net rises 32%
Boosted by robust interest income, reduction in high-cost bulk deposits. Central Bank of India's net profit increased by 32 per cent to Rs 403 crore for the quarter ended December 31, 2010, from Rs 306 crore in the corresponding quarter last ...

HOTELS: Indian Hotels Q3 net dips 23%
Absence of insurance towards business interruption and one-time expenditure on brand and promotional activities dragged down Indian Hotels Company's third quarter net profit by 23 per cent to Rs 50 crore in the third quarter ended December ...

PHARMACEUTICALS: Sun Pharma clocks Rs 350-cr profit
Mumbai-based Sun Pharma clocked a net profit of Rs 350 crore, for the three months ended December 31, 2010 – the first quarter reflecting the consolidated performance, including Israeli ...

PUBLIC SECTOR BANKS: Andhra Bank third quarter net goes up 20% at Rs 331 cr
Andhra Bank's net profit has increased 20.36 per cent at Rs 331 crore during the third quarter ended December 31, against Rs 275 crore in the ...

SOFTWARE: Rolta Q3 net profit zooms 145% to Rs 154 cr
Engineering and geospatial company Rolta has reported a 145.5 per cent jump in net profit for the third quarter ended December 31, 2010 thanks to a one-time gain on the sale of the company's stake in ...

INFRASTRUCTURE: GVK Power Q3 profit slows
GVK Power & Infrastructure Ltd (GVKPIL) has recorded a lower net profit of Rs 41.91 crore for the third quarter ended December 31, 2010 as against Rs 45.79 crore for the corresponding quarter last year. The revenues for the third quarter ...

FINANCIAL SERVICES: JM Fin consolidated net up 64% in Q3
JM Financial's consolidated net profit soared 64 per cent during the third quarter of the current fiscal as its income from investment banking and securities-based businesses surged. The company's net profit rose to Rs 59.5 crore during ...

POWER: NTPC's Q3 net profit up marginally at Rs 2,372 crore
NTPC Ltd has reported a marginal improvement in the net profit for the third quarter of the current fiscal at Rs 2,372 crore, up from the Rs 2,365 crore declared during the corresponding quarter in the preceding fiscal. This was despite a ...

TEA: McLeod Russel India profit down 1.9%
During the quarter ended December 31, 2010, McLeod Russel India Ltd, the largest producer of tea, posted lower operating profit of Rs 140.72 crore (Rs 142 crore) and lower net profit of Rs 135.31 crore (Rs 137.94 crore) despite a higher ...

HCV/LCV/TRACTORS: Escorts profit rises 9% on strong sales
Tractors and agricultural equipment maker, Escorts, announced on Monday a 9 per cent rise in its net profit to Rs 25.4 crore for the quarter ending December 31, 2010. The profits were boosted by a robust demand ...

PAPER, BOARD & NEWSPRINT: BILT Q2 net edges up to Rs 58.91 cr
Paper manufacturer Ballarpur Industries has reported a net profit of Rs 58.91 crore for the quarter ended December ...

HOTELS: Hotel Leelaventure Q3 net down 24%
The board of directors of Hotel Leelaventure has approved the de-merger of the leasing business of freehold land of Leela Lace Holdings Pvt Ltd into Hotel Leelaventure with effect from April 1, 2011, according to a notice sent to the Bombay ...

ELECTRICAL GOODS: KEC net up 25% at Rs 58 cr
KEC International, an RPG Group company, has posted 25 per cent rise in net profit at Rs 58 crore for the quarter-ended December 31, 2010, against Rs 46 crore logged in the same period last year. Net revenue was up 13 per cent at Rs 1,071 ...

FINANCIAL INSTITUTIONS: IDFC net up 26% at Rs 304 cr
Infrastructure Development Finance Company has posted a 26 per cent rise in net profit at Rs 304 crore for the quarter ended December 31, 2010, compared with Rs 240 crore logged in the same period last year. Total income rose 32 per cent to ...

PHARMACEUTICALS: Suven Life Sciences' Q3 net rises to Rs 1.2 cr
Hyderabad: Suven Life Sciences Ltd's net profit increased to Rs 1.2 crore in the third quarter ended December 31, 2010, compared with Rs 71 lakh in the year-ago period. The revenue of the Hyderabad-based company was up at Rs 32 crore (Rs ...

HCV/LCV/TRACTORS: Force Motors Q3 PAT zooms
Pune-based auto maker Force Motors Ltd has posted a net profit of Rs 13.57 crore for the third quarter of the current fiscal, a rise of 91.6 per cent year-on-year. Operating income rose 65 per cent was at Rs 362 crore (Rs 232 crore). – ...

TELECOMMUNICATIONS: Tata Comm prunes Q3 loss
Tata Communications has narrowed its losses for the third quarter ended December 31, 2010 to Rs 197.41 crore from Rs 213.5 crore reported in the previous ...






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Markets (Jan 28)
Nifty (at 3.30 p.m.)5,526.80(-77.5)
US Dollar(Buy/Sell)45.70/71
Brent crude (a bbl) Rs4,438
Gold (a gram) Rs1,833
Silver (a kg) Rs41,440


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