A 25.39 per cent rise in profit after tax (PAT) to Rs 604.11 crore in the third quarter has been posted by Larsen & Toubro (L&T), the country's largest engineering and Construction Company; the credit of which goes to the strong growth in engineering and construction business.
However, the one-time gain of Rs 916 crore has been excluded by PAT, which the company made from the sale of its ready-mix concrete business to Lafarge SA. The quarter's profit, including the one-time gain, tripled to Rs 1,520.44 crore.
A net loss of Rs 156 crore in the third quarter ended December 31 was recently reported by Aditya Birla Nuvo, which has interest in telecom, BPO, garments and insurance, against a net profit of Rs 30 crore in the same period last year. There was 17% growth in the net sales to Rs 3,429 crore.
A lower net profit of Rs 219 crore was reported by telecom business, due to a hit by the start up costs in Mumbai and Bihar.
Tokyo - Japanese electronics companies Toshiba Corp and NEC Corp began negotiations on a business alliance in semiconductor manufacturing as both are suffering from slowing market demands and severe price competition, Japanese media reported Friday.
Japan's Kyodo News Agency quoted sources familiar with the talks saying that Fujitsu, another Japanese electronics giant, may join the deal.
The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.
The government owned NTPC was the one to come with the next bid for the Rs 16,000-18,000-crore project that assured to provide power from the pithead coal project at Rs 2.39 per unit.
Jindal Steel and Power and Sterlite Industries were other two bidders. The former offered to supply power at Rs 2.69 per unit whereas latter bid the highest at Rs 2.97 per unit.
Oil Marketing Companies (OMCs) have threatened to stop supply of aviation turbine fuel (ATF) to Kingfisher Airlines by midnight, in case, the carrier remains fail to clear its dues worth Rs 158 crore.
It should be recalled that oil marketing companies have already decided to supply ATF to private carriers Kingfisher and Jet Airways on 'cash and carry basis' from January 27. These carriers have been found defaulter of non-payment of oil dues for October 22 to October 31, even after crossing of 90-day credit period.
A 25.39 per cent rise in profit after tax (PAT) to Rs 604.11 crore in the third quarter has been posted by Larsen & Toubro (L&T), the country's largest engineering and Construction Company; the credit of which goes to the strong growth in engineering and construction business.
A net loss of Rs 156 crore in the third quarter ended December 31 was recently reported by Aditya Birla Nuvo, which has interest in telecom, BPO, garments and insurance, against a net profit of Rs 30 crore in the same period last year. There was 17% growth in the net sales to Rs 3,429 crore. 
Tokyo - Japanese electronics companies Toshiba Corp and NEC Corp began negotiations on a business alliance in semiconductor manufacturing as both are suffering from slowing market demands and severe price competition, Japanese media reported Friday.
It was confirmed by Kalpataru Power Transmission on Thursday that it has acquired an order
The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.
Oil Marketing Companies (OMCs) have threatened to stop supply of aviation turbine fuel (ATF) to Kingfisher Airlines by midnight, in case, the carrier remains fail to clear its dues worth Rs 158 crore.
