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Leading pharmaceutical company Aventis Pharma has announced its second quarter financial results for the fiscal year 2010-11. The company has posted a net profit of Rs 42.4 crore for this quarter.  

As per the company officials there has been a decline of 9.97% in the net profit figure in this quarter under review as compared to the same quarter last year.

So far as the net sales of the firm are concerned, it has gone up to Rs 271.5 crore during the April-June period of fiscal year 2010. It has reported to be Rs 249.9 crore for the same quarter in the previous year.

On Tuesday the rupee, stroked a six-week low of 47.385 viz a viz the dollar, which is being considered as its limpest level since June 7 ,2010, and is anticipated to stay under stress until there are sturdy recovery signs at the Western shores.

Due to the famine and a deficit in the production last year has made sure that the price tag of pulses may touch noticing heights this year as well and the epic isn't very different from that of previous year.

The government on Tuesday expressed that the prices of pulses shall stay record high provided their enormous demand and partial supply, but caption inflation might ease at 5-6 per cent by the month of December.

According to the Cabinet Secretary KM Chandrasekhar since the prices of pulses are concerned, they shall remain problematic for longer.

Insurance Regulatory and Development Authority now wishes an absolute repair of the regulation overriding the insurance agents. As of now the insurance watchdogs seems to urge for a modification in rules in order that the insurance is vended as long-term products.

Insurance agents shall now be bordered by fresh rules which are placed by the insurance regulator IRDA. However the thought behind the set of laws is to motivate the investors to remain invested for the long-term.

The rules are targeted at curtailing the yield rate and the number of policies that may slip.

Leading Fertilizer Company of the country, Chambal Fertilisers has declared its first quarter financial results for the fiscal year 2010-11. As per the report it has managed to register a remarkable net profit rise for this quarter under review.

The company has posted a net profit of Rs 639.7 crore for the quarter that ended in 30th June, 2010. This net profit figure has grown up by 16% in this quarter as compared to the same quarter in the last fiscal. Chambal Fertilisers has registered a net profit of Rs. 553.1 crore for the first quarter in the financial year 2009-10.

Maytas Infra has declared its joint venture with the Saudi Arabia-based Saudi Bin Laden Group (SBG) Projects Investments. The Saudi based company will be the co-promoter of this venture along with the Indian Inc.

According to the Maytas officials this will help the Indian company to establish its stand at the Gulf region. It is hopeful to utilize the Saudi company's experience in this country. Both the companies have accepted that the joint venture enterprise will be in action.