Mumbai: Troubled carrier Kingfisher Airlines' loss widened to Rs 1,151.53 crore in the fourth quarter of 2011-12 due to steep hike in fuel prices and sharp depreciation of the rupee. It had net loss of Rs 355.55 crore in the January-March quarter of 2010-11, Kingfisher said in a filing to the BSE. It has been facing financial troubles for almost a year now. The airline, which never made a profit...
11:59 AM, May 31, 2012
Mumbai: After being down in the dumps for the better part of day, Indian equities staged a smart late trade recovery on hopes of a RBI rate cut to revive the sagging economy. Also, gains in European shares aided the recovery. The country's economic growth slumped in the January-March quarter to a nine-year low of 5.3 per cent as the manufacturing sector contracted and a fall in the rupee to...
09:41 AM, May 31, 2012
Bangalore: India's annual economic growth probably held steady in the January-March quarter at 6.1 per cent and the global economic slowdown, government policy paralysis and a record low currency suggest little chance of a pick up in the current quarter. A poll of 31 economists produced a median forecast of 6.1 per cent, unchanged from the growth of the October-December quarter. Forecasts ranged from 5.5 per cent to 7.3 per...
08:31 AM, May 31, 2012
Steel Authority of India (SAIL) has declared its fourth quarter results. Its Q4 net profit at Rs 1,577 crore versus Rs 1,530.6 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 96.70 and an intraday low of Rs 92.50. At 14:40 hrs the share was quoting at Rs 95.95, up Rs 2.55, or 2.73 per cent. It was trading with volumes of 1,223,250 shares, compared to its 5-day...
05:01 PM, May 29, 2012
New Delhi: State-owned Coal India (CIL) on Monday reported a 4.9 per cent dip in consolidated net profit at Rs 4,013 crore for the fourth quarter ended March 31, due to higher staff expenses. The company clocked a net profit of Rs 4,220 crore during January-March quarter of FY 2010-11, the company said in a filing to BSE. The income from operations of the public sector firm for the quarter,...
07:02 PM, May 28, 2012
Mumbai: India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago, aided by higher interest income and lower provisioning for non-performing loans. Analysts on an average had expected profit at Rs 3,580 crore. However, the exponential year-on-year jump in its net profit is not comparable....
01:36 PM, May 18, 2012
Mumbai: Tata Consultancy Services Ltd shares surged on Tuesday as much as 9.6 per cent after posting a 23 per cent rise in its fiscal fourth quarter profit and giving a relatively upbeat outlook. TCS's results, which came after the market closed on Monday, were seen as a sign it may be better positioned than rival Infosys. TCS shares were last up 8.9 per cent, versus a 0.05 per cent...
10:21 AM, Apr 24, 2012
New Delhi: Infosys, the country's second largest software services exporter has reported mildly better than expected net profit of Rs 2,316 crore for the fourth quarter of FY12, a fall of 2.36 per cent Quarter-on-Quarter (QoQ). CNBC-TV18 poll of analysts expected it at Rs 2,290 crore. The company has disappointed the street by its revenues and EBIT, though profits came in slightly higher than expectations. Even the company missed its...
09:16 AM, Apr 13, 2012
Mumbai: Shares of telecom operator Bharti airtel on Thursday fell by over 4 per cent on the bourses in morning trade after the company reported a dip of 31.48 per cent in net profit for the quarter ended March 31, 2011. The shares of the country's largest telecom player fell by 4.65 per cent to touch an early low of Rs 352.40 on the Bombay Stock Exchange (BSE). In a...
11:22 AM, May 05, 2011
Mumbai: Country's largest software company Tata Consultancy Services (TCS) on Thursday said its net profit for the fourth quarter ended March 31, 2011 rose by 31.1 per cent to Rs 2,623 crore. It posted an increase of 31.3 per cent in quarterly revenues at Rs 10,157 crore, TCS said in a statement. "Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in...
03:07 PM, Apr 21, 2011
New York: BPO major Genpact on Monday said its net income rose 33 per cent to $46 million (Rs 209.13 crore) for the fourth quarter ended December 31, 2010. The company had a net income attributable to shareholders at $34.6 million during the same quarter ended December 2009, Genpact said in a statement. "In 2010, we grew revenues, adjusted income from operations, net income, earnings per share and cash flows....
08:01 PM, Feb 07, 2011
New York: Nasdaq-listed software company iGate on Wednesday posted 70.56 per cent increase in net income at $14.72 million for the quarter ended December 31, 2010, but cautioned against a slower demand environment in 2011. "Q4 was an extremely strong quarter for us, thanks to iTOPS Consulting (one of its products) and growth in existing accounts. "However, 2011 doesn't look very strong from a demand perspective and it could be...
07:05 PM, Jan 19, 2011
Analysts had on average expected net profit of 13.30 bn on revenue of 60.88 bn. ...
08:11 PM, Apr 30, 2009
Wipro's ED and Joint CEO says economy will be at a steady level now. ...
12:57 PM, Apr 22, 2009
The economic slowdown have hit the IT industry really hard. ...
12:21 PM, Apr 22, 2009
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