business

Reliance Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2008: The results for the Quarter ended December 31, 2008 The Company has posted a net profit after tax (excluding effect of exceptional item) of Rs 35010 million for the quarter ended December 31, 2008 as compared to Rs 38820 … Read more Reliance Industries Q3 PAT Declines

Overseas investor Lazard Asset Management LLC has liquidated 35.74 million shares of fraud-hit Satyam Computer Services. The global investor offloaded the stake through open market deals on January 15, according to the IT major’s filing with the FreePress. The stake sale works out to 5.3% of the equity of Satyam. Lazard stated that the shares … Read more Lazard sells 35.74 mn Satyam shares in open market deals

Idea Cellular Ltd has announced the following Unaudited results for the quarter ended December 31, 2008: The consolidated results for the Quarter ended December 31, 2008 The Group has posted a net profit after tax of Rs 2194.50 million for the quarter ended December 31, 2008 as compared to Rs 2367.70 million for the quarter … Read more Idea Cellular Q3 results – PAT down

Private carrier major, Jet Airways, has slashed its international business class fare by 25 to 40% for destinations including London, New York and Toronto to Singapore, Bangkok, Hong Kong and Gulf countries. The airline has come up with a special Mumbai-London and Delhi-London first class base fare at Rs 2 lakh per person, down from … Read more Jet Airways slashes international biz class fare by 25-40%

Bharat Heavy Electricals (BHEL) mentioned that it become the only supplier in the world of disc insulators for high voltage transmission projects. The company would supply 420 kN and 320 kN Porcelain disc insulators for 800 kV High Voltage Direct Current (HVDC) transmission lines. The company has taken comprehensive R&D efforts for successfully designing, developing … Read more BHEL only supplier in the world of disc insulators