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Popular Articles

HCL Tech may close 5 deals in M&E space by year-end
Delhi-based HCL Technologies expects to sign around five deals in the media and entertainment (M&E) space. Talks are on with four global companies and one Indian firm, and HCL plans to close these deals by the end of this year. Most deals will be in the range between $50 million and $200 million (Rs 240-950 crore).

M&M automotive sales grow 18.72% in June
Auto major Mahindra & Mahindra today reported 18.72 per cent growth in its total automotive sales in June at 22,999 units compared with 19,371 units in the corresponding month last year.

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Kingfisher returns 19 leased aircraft in 10 months
Owing to mounting losses, Vijay Mallya-owned Kingfisher Airlines has returned 19 leased aircraft to lessors in the past 10 months.
Small Business

Sona Koyo back in black with PAT at Rs 6.89 cr

Auto component maker Sona Koyo Steering Systems today reported a profit after tax (PAT) of Rs 6.89 crore for the quarter ended December 31, 2009, on account of improved efficiencies and stable foreign exchange rates. - JK Cement Q3 net up 62% pc to Rs 46 cr - Oil India posts 23.5% jump in Q3 net at Rs 717 cr - GNFC Q3 profit almost halves to Rs 59 cr - KSK Energy Q3 net loss at Rs 4.91 cr - Tulip Telecom Q3 net up 38% to Rs 69 cr - NHPC turns around, posts Rs 581 cr profit The company had posted a loss of Rs 17.24 crore in the corresponding period last fiscal, Sona Koyo Steering Systems said in a statement. The net sales of the company during the third quarter surged by 47.17 per cent to Rs 221.21 crore from Rs 150.31 crore in the year-ago period, it added. The company attributed its return to profitability to internal initiatives to improve efficiencies and a relatively stable foreign exchange, the statement said.


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