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With an aim to enhance its overseas presence, state-run major general insurer Oriental Insurance Company (OIC) is planning to roll out an an office in Doha, the capital city of Qatar, by next couple of months. The company has already obtained approval from the regulatory body, Insurance Regulatory Development Act (IRDA), while it is wating … Read more Oriental Insurance to roll out an office in Doha soon
The Board of Directors of Reliance Communication Ltd on January 31, 2009, approved a Scheme for consolidation of Optic Fiber Division of the Company to Reliance Infratel Ltd, a subsidiary of the Company. Reliance Infratel owns, operators, and develops telecom infrastructure, primarily consisting of wireless communication sites and towers. Reliance Infratel currently owns all of … Read more RCom consolidation of its tower & infrastructure business
Key Highlights Net sales for the quarter ended December’08 33% to Rs 961.84 crore and other income from operation declined by 84% to Rs 21.84 crore restricting total income from operation to grew by 15% to Rs 983.68 crore. International market stood at Rs 650.50 crore (or 67% of total sales) and domestic market clocked … Read more Lupin -Incurred forex loss of Rs 40 crore for Q3 FY’09
Highlights of the concall: Carry Forward Order Book as on quarter ended December 08 increased to Rs 1626 crore as compared to Rs 1072 crore during the corresponding period last year, indicating a growth of 52%. The break up of carry forward order book for EMP segment to be around Rs 1486 crore (as against … Read more Blue Star Order book at Rs 1626 crore
Highlights of the concall The net revenue of Bajaj Hindusthan for Q1 FY09 grew by 3% Y-o-Y to Rs 362.24 crore. The revenue in distillery segment has significantly declined by 83% Y-o-Y to Rs 12.44 crore while that in sugar division increased by 24% to Rs 355.91 crore. The OPM for the quarter stood at … Read more Bajaj Hindusthan Sugar production to drop by more than 40%
Key takeaways of the conference call Order inflow for the quarter is 15200 crore up 5% YOY with the share of power sector orders stand at Rs 13670 crore. The order intake for the 9-month ended Dec 2008 is Rs 44088 crore (equivalent to 13670 MW in volume terms) with the share of power sector … Read more BHEL – Expects to close FY09 with a turnover of Rs 27000 crore