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Leading media firm Balaji Telefilms has declared its Q1 financial results for the fiscal year 2010-11. The company has posted a net profit of Rs 2.93 crore for this quarter. 

The net profit of the firm was reported to be Rs 8.97 crore for the same quarter last year. Hence there has been a decline of 67% in the net profit figure this time against last year's record.

So far as the net sales of the firm are concerned, it has declined to Rs 30.70 crore during the April-June period of fiscal year 2010. It has Rs 39.72 crore for the same quarter last year.

Rallis India has declared its first quarter financial results for the fiscal year 2010.As per the report it has managed to register an impressive net profit rise of 58%.

The company has posted a net profit of Rs 14.8 crore for the quarter that ended in 30th June, 2010.

The company has reported a net profit of Rs 9.4 crore in the same quarter last fiscal. This net profit figure has grown up by a significant 58% in this quarter as compared to the same quarter in the last fiscal.

Under a major development in the strategies of the French auto major, Renault, Law & Kenneth has recently bagged its account for creative duties in the Indian market.

Following a two-tier pitch, which had Saatchi & Saatchi, Publicis Ambience and Law & Kenneth as finalists, the auto major has recently zeroed in on Law & Kenneth as its partner for the creative duties in the domestic circuit.

After proving its mettle in the Indian market with products like Linea and Grande Punto which have been able to make a lot of noise in the sedan and hatchback segments respectively, FIAT India has now decided to export its models to the SAARC Countries as well to garner high numbers for the company.

Company's Marketing Head Tarun Khanna recently said that the company is weighing options of exporting its cars, namely, Palio, Linea and Punto in SAARC countries including Nepal, Bhutan, Sri Lanka and Bangladesh.

Bajaj Auto, the second-largest producer of two-wheelers in the Indian market has recently moved to completely knocked-down (CKD) at its Indonesia unit hat produces and markets the Pulsar.

While the company had been operating under the semi knocked down mode for quite some time now, the recent move will attract lower Customs duties for the two-wheeler major. It is to be mentioned here that the subsidiary in the Indonesia region was incorporated in 2006-07 with an issued and subscribed capital of $ 12.5 million (Rs 56 crore).

GOLD - SILVER

BULLION AS PER EXPECTATION DIPPED YESTERDAY TODAY ALSO MORNING MKT WILL BE FLAT BUT PRESSURE WILL MOUNT GOLD BELOW 1188$ LOOK TO TEST 1172$
AND SILVER EYEING BASEMETAL BELOW 17.70$ CAN TEST 17.32$

CRUDE

CRUDE A JUMP TILL 3660-3670 CAN BE SEEN BUT 78$ WILL BE CRUCIAL

COPPER

COPPER MORNING A JUMP TILL 312 CAN BE SEEN EVE LOOK WEAK ON DIP IN

NICKEL