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Popular Articles

Advance tax deposits in Q1 at last year's level
Advance tax collections in the first quarter of fiscal 2009-10 have remained at the same level as last year, at around Rs 23,000 crore. These collections had showed a 20 per cent growth in June 2008.

Fortis to start two affordable hospitals
Fortis Healthcare is likely to come up with two low-cost hospitals in two years in an effort to test its affordable health care model. Although the firm is reluctant to divulge the exact locations of these greenfield ventures or the total investment into the project, the health care major is likely to open these hospitals in north and western India while attempting to cut down its capital expenditure there by about 50 per cent.

News of the day

India's cotton exports decline by 55% in 2008-09 season
India"s cotton exports in 2008-09 season, which ends today, are estimated to have plummeted by a whopping 55 per cent to about 38 lakh bales due to higher prices in the domestic market.
Management

L&T Q2 profit rises 26% at Rs 580 cr

Engineering company Larsen & Toubro (L&T) today reported a profit after tax (PAT) of Rs 580.40 crore for the second quarter ended September, whereas the same was at Rs 460.26 crore during the corresponding period a year earlier. - Kolte Patil forms JV with US firm to develop Rs 275 cr project - Patel Engineering raises Rs 344 cr - Nepal keen on using Vizag port - Loans available, but not easily - Centre asked to include HIV positive people in BPL list - GI status sought for Bhagalpur silk fabrics and sarees "The company disposed of its ready mix concrete (RMC) business in October 2008. Accordingly, gross sales during the current quarter ended September 30, 2009 are not comparable with that of the corresponding quarter of the previous year, since the same included sales from RMC business of Rs 275.25 crore," L&T said in a filing to the Bombay Stock Exchange. The company"s total income stood at Rs 7,918.84 crore for the three month period ended September 30, 2009, while it was at Rs 7,725.07 crore during the same quarter last fiscal. For the half-year period ended September 30, L&T posted a PAT of Rs 2,178.60 crore, while the same was at Rs 962.70 crore during the corresponding period last financial year. Shares of L&T were trading at Rs 1,632.65, down 2.41 per cent in the afternoon trade on the BSE.


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