Hindustan Zinc, a part of the dynamic Vedanta Resources group, has declared the results for the three-month period ended March 31, 2009.

For the period under review, India's leading zinc producer said that it has posted a decline of 53.35% in its net profit, which stood at Rs 551.47 crore as against Rs 1,182.20 crore during the corresponding period of the last year (March 2008).

The company’s total income during the fourth quarter witnessed a fall of 39.39% to Rs 1,483.15 crore from Rs 2,446.97 crore in the fourth quarter of FY 2008.

If you are presently finding traveling to railway station with family or friends a difficult task, then there is good news for you.

In a latest development, Indian railway has decided to offer taxis at the door steps of passengers by dialing call-centre number '139'.

Presently, the round-the-clock enquiry service 139, run by IRCTC offers services like information about PNR status, arrival/departure of trains, seat availability and fare and accommodation.

It was yet another volatile day, when the benchmark indices closed negative for the third consecutive day, due to profit booking by investors.

However, mix of short covering and buying in spot led by upswing in European markets helped indices to recover some losses.

The BSE Sensex closed lower by 80.57 points at 10,817.54, while NSE Nifty ended the day, down by 35 points at 3,330.30. The BSE Sensex touched intraday high of 11,036.24 and intraday low of 10,715.66.

Global Vectra Helicopters, part of the $800-million Vectra Group, is presently looking at the option to make an investment of $130 million over the next two years to enhance its fleet size as well as consolidate its operations.

Moreover, the company is also looking at the possible option to raise funds, which it will use to increase its fleet strength by 14 helicopters to 45 in two years.

The company intends to focus more on off-shore activities which are basically non-oil and gas.

The National Stock Exchange, through a circular, has decided to exclude 50 stocks from the Futures & Options segment. Most of the stocks were seen under pressure in today's trading session.

These firms, including Alok Textiles, Arvind, Ballarpur Industries, Bata India, Gateway, GNFC, Jet Airways, MindTree, NDTV, Network 18, Reliance Industrial Infrastructure, S. Kumars, Strides Arcolab, TVS Motor, UTV Software and Wockhardt. Traders will not be able to trade in F&O segment in these stocks after the expiry of contracts for existing months.

Some Private Airlines have decided to make air travel cheaper, cutting air fare to woo more passengers and to increase demand in the aviation sector, facing the heat of global slowdown under the impact of low demand across the segment.

Domestic carriers including SpiceJet Ltd, Jet Airways (India) Ltd, JetLite (India) Ltd, GoAirlines (India) Pvt Ltd and Air India announced various discount schemes and fare cuts to boost sale across the segment.

Rencently, some private airlines increased the price of tickets by Rs 300.