Business Daily from THE HINDU group of publications
Saturday, May 03, 2008
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Markets (May 2)
BSE Sensex17600.12 (+312.81)
S&P CNX Nifty5228.20 (+62.30)
US Dollar40.68 (+0.13)


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CORPORATE RESULTS

FINANCIAL SERVICES
SHCIL net rises 54% for full year
Mumbai, May 2 Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant, reported a 68 per cent jump in profit before tax at Rs 101 crore for the financial year ended March 31 compared with Rs ... More

OUTSOURCING
Genpact Q1 net income jumps on improved volume, pricing
NYSE-listed Genpact Ltd, which manages business processes for companies, has posted a jump in net income for the first quarter ended March 2008 at $19.7 million against $1.8 million a year-ago, primarily on the back of improved volume and ... More

PETROLEUM
Great Offshore Q4 net grows 41%
Higher earnings from drilling units and offshore support vessels along with robust earnings from fresh commencement of charters led Great Offshore to post a net profit growth of 41 per cent at Rs 42.3 crore for the fourth quarter ended March ... More

SHIPPING
Bharati Shipyard Q4 net up 6%
Bharati Shipyard, on account of increased capacities in Goa and Ratnagiri and timely delivery of orders, has garnered a net profit growth of six per cent at Rs 32.6 crore for the fourth quarter ended March 31, 2008 against Rs 30.7 crore in the ... More

STEEL
Vesuvius hopeful of maintaining topline growth
Kolkata, May 2 With several steel-making capacities, that are being set up in the country, expected to go on stream during the next 2-3 years, and the domestic steel industry projected to grow in double-digit from 2010-11 onwards, refractory ... More

AUTOMOBILE COMPONENTS
Jamna Auto posts Rs 9.4-cr net
Jamna Auto Industries has registered a net profit of Rs 9.4 crore for the fourth quarter ended 2008 compared with a Rs 7.6-crore loss in the same quarter of the previous year. The company’s net sales increased to Rs 161.5 crore (Rs 86.5 ... More

GEMS & JEWELLERY
Suashish Diamonds net up
More

HOUSING FINANCE
PNB Housing net rises 45%
New Delhi, May 2 PNB Housing Finance Ltd, a wholly owned subsidiary of Punjab National Bank, on Friday reported a 45.17 per cent increase in net profit for the year ended March 31 at Rs 40.59 crore, when compared with a net profit of Rs 27.96 ... More

PUBLIC SECTOR BANKS
SBI 4th quarter net rises 26%
No derivative loss in Indian market; deposits rise 23% More

RETAILING
Koutons Q4 PAT at Rs 35.5 crore
Koutons Retail India Ltd reported Rs 35.5 crore net profit for the fourth quarter ended March 31, 2008. Its net sales stood at Rs 371.2 crore. Since the company got listed only in October, the previous result is available only for the December ... More






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
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Bamboo is grass and not tree, says CII joint study

Essar Steel consolidates presence in N. America

Skoda to drive New Superb into India next year

Indian ad industry attracting overseas attention

Forex reserves fall by $663 m

Govt aims to move economy forward thru inclusive growth

FDI inflows in 2007-08 up 56% at $24.57 b

Looking back
Apr. 20-Apr. 26
Axis Bank net rises 63% on strong biz growth

Oriental Bank writes off entire losses of GTB

Ambuja Cement net falls 42% on high input cost

Robust sales drive Cipla Q4 net up 43%


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