Gujarat Gas results

Gujarat Gas has reported net profit of Rs 96.5 crore for quarter ended June 2011 as compared to Rs 57.8 crore in the same quarter a year ago. Gross sales were at Rs 585.8 crore as compared to Rs 416.3 crore.

Gold Near 28000

Gold is trading near 28000 as Europe opened in red,

European debt concerns continued to augment the safe have appeal for the yellow metal. On US front, Philadelphia Fed Manufacturing index, a regional gauge for manufacturing activity declined to -30 in August,as compared with 3.2 in July. Moreover, Morgan Stanley cuts its global economic growth forecasts, citing "recent policy errors" and saying that US and Europe are now "dangerously close to recession"

Gold crosses 1850 Dollars

Gold is continue to remain high with global crisis and today it crosses 1850 dollars and may touch 1900 dollars next week, In INR it goes above 27500/- and touched 27638/-

INOX Leisure Update

INOX Leisure has commenced the operations of a multiplex cinema theatre at Patamata, Vijayawada

Scooters India Update

The Finance Minister has said the government is planning to revive Scooters India via JV route

Drug regulator has sent show-cause notices to Cipla and Dr Reddy's Laboratories

The country's drug regulator has sent show-cause notices to Cipla and Dr Reddy's Laboratories for selling drugs banned by the government and is planning similar action against a few other top drug makers.

GTL results

GTL reported standalone net profit of Rs 2.42 crore for the quarter ended June 2011 against Rs 34.85 crore in the same period a year ago. Net sales climbed to Rs 695.40 crore from Rs 599.34 crore.