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Popular Articles

DoT favours auction of 2 blocks of 3G
The Department of Telecommunications (DoT) seems to be in a state of confusion on deciding the number of slots of 3G spectrum to be auctioned. It is now in favour of auctioning only two blocks and immediately assigning the spectrum to the successful winners.

Tempered
ArcelorMittal: ArcelorMittal is firmly out of crisis mode. The world’s largest steelmaker, led by billionaire industrialist Lakshmi Mittal, delivered an unexpected return to profitability in the third quarter – after nine months of consecutive losses. Arcelor is nevertheless right to be rein in shareholders’ expectations.

News of the day

Infotrek Syscom to spend Rs 100cr on expansion
Infotrek Syscom, an electronics recycling company, is planning to enhance the current recycling capacity and to set up nationwide collection mechanism, warehousing and setting up the precious metal recovery facility at an investment of Rs 100 crore.
Small Business

Tata Coffee Q3 PAT up 13.5% to Rs 14 cr

Tata Coffee has posted a rise of 13.5 per cent in its profit after tax (PAT) for the December quarter at Rs 13.87 crore compared with Rs 12.22 crore in the previous corresponding quarter. Its income from operations during the period grew to Rs 76.46 crore from Rs 65.10 crore last year, up 17.45 per cent. - Voltas Q3 net up 86% to Rs 76 cr - M&M Q3 net at Rs 413 cr on healthy sales - LIC Housing Fin Q3 net up 14% to Rs 154 cr - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr - HCL Tech Dec qtr net dips 36% to Rs 255 cr The company’s revenues from coffee products rose to Rs 55.33 crore from Rs 48.55 crore during the quarter while that of tea grew to Rs 18.09 crore from Rs 13.59 crore last year. The earning per share (EPS) for December stood at Rs 7.48 against Rs 6.55 per share last year. On the Bombay Stock Exchange, the company’s stocks closed on Monday at Rs 384.95, down 3.62 per cent.


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