Zee Entertainment April-June net profit up by 64%

Zee-EntertainmentIndia's top-listed television broadcaster Zee Entertainment Enterprises Ltd. has announced its first quarter financial results for the fiscal year 2010-11. According to the report, it has registered an impressive net profit rise in the quarter under review. Zee Entertainment Enterprises Ltd. has posted a net profit of 1.5 billion rupees for the quarter that ended in 30th June, 2010.

Hyundai Motors India awarded for its CSR activities

Hyundai Motors India awarded for its CSR activitiesIn an award function that happened recently, Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer and the largest passenger car exporter has been awarded the Best Corporate Social Responsibility award for 2009-10.

TRAI to recommend linking 2G and 3G services, soon

J S SarmaOn Friday, the telecom regulator, TRAI said that it is going recommend of linking the one-time extra charge for holding extra 2G with the prices of 3G within the next two-three weeks time.

As of now, the operators are expected to pay an extra fee if they are holding 2G spectrum more than they require.

TRAI said that it is recommending the linking since it wants to make the telecom service sector a more level playing ground for the players.

DRL posts steady profit increase in Q1

DRL posts steady profit increase in Q1India's second largest drug company, Dr. Reddy's Laboratories (DRL) has said that it has seen a steady growth in profit which grew by 7.5 per cent during the first quarter ending June 30. In money terms it meant that profit has gone up from Rs227 crore to Rs. 244 crore as compared to the last year. This was said in filing submitted to the National Stock Exchange.

Bharti lists 3 MNCSs for outsourcing contract

Bharti lists 3 MNCSs for outsourcing contractBharti Airtel said on Friday that it has shortlisted three multinational firms and two African IT companies for its billion dollar outsourcing contract in Africa.

This information was given by two sources close to the development while talking to ET.

Amongst the MNCs the big names are that if IBM, HP and Accenture. IBM currently handles the operations of Bharti in India and Sri Lanka.

Idea Cellular’s Q1 profit down by 31%

Idea Cellular’s Q1 profit down by 31%Net profit of one of the major cellular company of India, Idea Cellular was down by 31 per cent, said the company on Friday.

The reason for this fall is that it has been facing operational losses happening due to launch of new services and also because of the payments for buying spectrum.

Falling circle rates and rising competition not only on the large infrastructure front but also on the tariff side has also done its bit to increase the expenses.

Pages

News in Focus

Power Grid Corporation Share Price Target at Rs 350: ICICI Securities

ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs

State Bank of India (SBI) Share Price Target at Rs 1,300: ICICI Securities

ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.

Trent Share Price Target at Rs 3,600: ICICI Securities

ICICI Securities has a BUY rating on Trent with a 12-month target price of Rs 3,600, about 18-19% above the current market price of Rs 3,040.

Waaree Energies Share Price Target at Rs 2,908: Joindre Capital Stock Research Report

Joindre Capital Services has kept its BUY rating on Waaree Energies with a target price of Rs 2,908, about 26.2% above the current market price of Rs 2,304.

Asian Paints Share Price Target at Rs 2,740: ICICI Securities

ICICI Securities has a BUY rating on Asian Paints with a revised 12-month target of Rs 2,740, about 18% above the current market price of Rs 2,320.

Firstsource Solutions Share Price Target at Rs 360: ICICI Securities

ICICI Securities, through its ICICI Direct retail research desk, has maintained its BUY rating on Firstsource Solutions Ltd with a target price of Rs 360, implying about 18% upside from the current