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Editor's Desk CMC held a conference call to discuss third quarter financials for FY09 and future prospects. R. Ramanan, Managing Director, CMC and CEO and J. K. Gupta, CFO, CMC addressed the call. Highlights of the call For the quarter ended December 2008, on consolidated basis, on y-o-y basis, CMC reported 26% dip in income from operations … Read more CMC looks for Margin Expansion
South Indian Bank held its conference call on 13th January 2009 to discuss on the company’s performance for nine months ended December 2008. Highlights In the third quarter ended Dec’08, South Indian Bank recorded growth of 58% to Rs 146.23 crore in its NII. Its operating profit grew by 47% to Rs 68.33 crore largely … Read more South Indian Bank aims for High Credit Growth
Bharat Gears Ltd has informed FreePress that a meeting of the Board of Directors of the Company will be held on January 30, 2009, inter alia, to consider and take on record Un-audited Financial Results for the quarter ended December 31, 2008 subject to limited review by the Statutory Auditors. Further the Company has informed … Read more Bharat Gears Board to consider Buy Back
In a move that will bring sea changes in India’s energy regime, the Prime Minister’s Office (PMO) has suggested the petroleum ministry to decontrol retail fuel prices and link the same to international market prices of crude. The PMO has advised that the step should be discussed while finalizing next fuel price cut which is … Read more Can India decontrol retail fuel prices ?
The government is understood to have cleared the long standing controversy on the tax holiday status of IT special economic zones (SEZs). The finance ministry has now agreed to a proposal of commerce ministry, which aims at providing 100% tax exemption to IT SEZs which are being set up under the parent companies. The controversy … Read more Government confirms tax holiday for IT SEZs
Foreign institutional investors (FIIs) were net sellers of Rs 345.78 crore (provisional) in the cash segment on Tuesday, as per information available on the BSE website. While FIIs made gross purchases of Rs 1,598.79 crore, their gross sales amounted to Rs 1,944.57 crore. Domestic institutional investors (DIIs) were net buyers of Rs 152.58 crore (provisional) … Read more FII net sellers of Rs 346 cr in cash segment on Tuesday