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BEML net up 45%; order book at Rs 5,036 cr
BEML, the mining and construction, defence, rail and metro coach manufacturer under the ministry of defence, today reported a healthy 45.1 per cent rise in its net profit at Rs 172 crore for the fourth quarter ended March 31, 2009 compared to the corresponding quarter last year. The rise was mainly on account of a 75 per cent rise in orders for rail and metro coaches.

Abhishek Ind plans JV with Portuguese co
The Trident Group company Abhishek Industries today said it is planning to enter into a joint venture with the Portugal-based Mundotextil Industrias to produce luxury linen and other home textile products.

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Ackruti City raises Rs 302 cr through QIP issue
Realty player Ackruti City has raised over Rs 302 crore through the issue of over 60 lakh equity shares by way of institutional placement basis.
International Business

Equally expensive

Though the Congress party had allocated Saifuddin Soz a seven-seater helicopter for campaigning in far-flung areas of Jammu & Kashmir, he chose to use road transport. It was only when someone pointed out that the idle chopper was also costing his party a lot that Soz decided to use it to go to Ladakh.


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