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News of the day

MEL to invest Rs 200 cr in capacity expansion
Maharashtra Electrosmelt (MEL), a SAIL subsidiary, will invest Rs 200 crore to set up a furnace with capacity of 42,000 tonnes per annum at its Chandrapur plant.
Small Business

HCL Infosystems net up 1.5%

Hardware and systems integrator company HCL Infosystems posted a 1.5 per cent increase in net profit for the second quarter ended December 31, 2009. Net profit stood at Rs 56.09 crore compared with Rs 55.25 crore in the year-ago period. - HCL Tech net down 20% - M&M net vaults 849% to Rs 413 cr - Jet Airways posts first profit in three quarters - Maruti Suzuki: Margin surprise - LIC Housing Finance net up 14% - "Efforts on to limit bad assets" Income at Rs 3,054.2 crore was down 2.3 per cent from Rs 3,128.9 crore in the corresponding quarter a year ago.


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