JSW Steel posted net profit of Rs 485 crore for the quarter ended June 2011 as compared to Rs 295 crore in the same quarter a year ago. Total income increased to Rs 7432 crore from Rs 4818 crore.
Tuesday 26 July 2011
United Phosphorous has acquired 51 per cent stake in DVA Agro Do Brasil from DVA Group
United Phosphorous has acquired 51 per cent stake in DVA Agro Do Brasil from DVA Group, Germany and other shareholders
Glenmark Pharmaceuticals has received $15 million from Salix Pharmaceuticals
Glenmark Pharmaceuticals has received $15 million from Salix Pharmaceuticals, Inc, USA. This is as per an agreement for advance against commitment fee which is to cover Glenmark's risks associated with upgrading its manufacturing facilities to meet Salix's anticipated increased requirements in demand for Crofelemer.
Reliance Industries Results
Reliance Industries, posted a 16.7 per cent rise in quarterly net profit to its highest ever, but lagged analysts' estimates as slowing gas production weighed on results. The company’s April-June net profit rose to Rs 5,661 crore from Rs 4,851 crore a year ago. Turnover achieved for the quarter ended 30th June 2011 was Rs 83,689 crore ($18.7 billion), an increase of 37.2% on a year-on-year basis
Shoppers Stop has opened store at Rohini
Shoppers Stop has opened one "Shoppers Stop" store at Rohini, New Delhi. With the opening of this store, the company has now 43 "Shoppers Stop" stores under its operation.
Maruti Q1 Results
Maruti Q1 net profit was at Rs 549 crore against Rs 465 crore (YoY). Net sales stood at Rs 8320 crore against Rs 8050 crore
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