OUTSOURCING
Persistent net higher at Rs 55 cr
Pune, Aug. 2 Persistent Systems Pvt Ltd, player in outsourced product development, has announced a revenue growth of 43 per cent for the financial year ended March 31, 2007. Revenues during the year stood at Rs 314 crore ($70 million) as ... More

ELECTRONICS
Better margins boost Salora net
New Delhi, Aug. 2 Salora International has reported an increase of 246.57 per cent in its net profit for the first quarter ended June 30, 2007, to Rs 5.06 crore compared with Rs 1.46 crore in the same quarter of the previous year. The company ... More

ENGINEERING
Suprajit Engg net falls
Bangalore, Aug. 2 Suprajit Engineering’s net profit for the June quarter fell to Rs 3.89 crore from Rs 3.97 crore in the corresponding period last year. Revision in wages costing marginally higher at Rs 5.75 crore (Rs 5.02 crore) and a ... More

FOOD & DAIRY PRODUCTS
Nestle clocks 18% rise in net; ‘innovations yielding results’
New Delhi, Aug 2 Nestle India has reported an increase of 18.09 per cent in its net profits for the second quarter ending June 30, 2007, at Rs 95.69 crore from Rs 81.03 crore posted during the corresponding period of the previous ... More

TEXTILES
Spentex Ind Q1 net at Rs 3.23 cr
Falling short of its projections, textile company Spentex Industries Ltd has recorded a net profit of Rs 3.23 crore for the first quarter ended June 30 compared with Rs 1.21 crore in the same quarter last fiscal. The net sales stood at Rs 267.96 ... More

GEMS & JEWELLERY
Suraj Diamonds net up 28%
Suraj Diamonds & Jewellery Ltd has posted a net profit of Rs 11.8 crore, up 28 per cent for the first quarter of FY 2007-08 from Rs 9.2 crore during the same period last year. The net sales rose 27.22 per cent to Rs 394.4 crore from Rs 310 ... More

MEDICAL INSTITUTIONS & HOSPITALS
Focus on pruning costs starting to pay: Fortis
New Delhi, Aug. 2 Fortis Healthcare has reported a net loss of Rs 34.91 crore for the first quarter ended June 30, 2007 against Rs 24.88 crore in the same quarter the previous year. The company’s net sales saw a growth of a ... More

SOFTWARE
Financial Tech Q1 net up 87%
Financial Technologies Ltd has reported a 87.4 per cent rise in consolidated net profit for the quarter ended June 2007. The net profit stood at Rs 71.4 crore as against Rs 38.1 crore recorded in the corresponding quarter last fiscal. Revenues ... More

OFFICE EQUIPMENTS & SUPPLIES
Archies Q1 net slips 4.46%
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HOUSING FINANCE
PNB Housing net up 57%
PNB Housing Finance Ltd, a wholly owned subsidiary of Punjab National Bank (PNB), has registered a 56.92 per cent increase in net profit for the first quarter ended June 30, 2007 at Rs 8.16 crore against Rs 5.2 crore recorded in the same period ... More

MINERALS
NMDC Q1 profit rises 30%
NMDC Ltd has achieved a 33 per cent increase in turnover at Rs 1,081.66 crore for the first quarter ended June 30, 2007 against Rs 811.53 crore in the same period of the last year. The profit before tax (PBT) rose from Rs 724.47 crore to Rs ... More

SUPPLY CHAIN MANAGEMENT
Gati revenues rise 22% at Rs 461 cr
Hyderabad, Aug 2 Gati, a leading express distribution and supply chain solutions company, has registered revenues of Rs 461.03 crore for the year ended June, against Rs 376.24 crore in the previous year, showing a growth of 22.54 per ... More