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Jaiprakash Associates Q3 net up 53%(Business Standard 14th Jan 2008) Jaiprakash Associates today reported a 53% increase in net profit at Rs 156 crore for the third quarter ended December 31, 2007 when compared with Rs 102 crore in Q3FY07.According to a release issued to the BSE today, total income increased 7.62% to Rs 1,002 crore from Rs 931 crore in Q3FY07. More
Jaiprakash Hydro Q3 net profit up 178% (The Economic Times 14th Jan 2008)Jaiprakash Hydro Power’s October-December net profit rose 178 per cent to Rs 6.94 crore compared with Rs 2.50 crore in the same quarter of the previous year. Net sales fell 12.66 per cent to Rs 43.24 crore against Rs 49.51 crore same period year ago. More

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Jyoti Structures bags Rs 253 cr worth orders

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ITI Ltd seeks Rs2,000 crore aid from government (Live mint.com 26th Dec 2007) The funds are being sought to wipe out accumulated losses of Rs2,225 crore and to obtain working capital for telecom equipment manufacturing. According to a company official who did not wish to be named, a committee has been set up by the Centre to finalize the package. More

Inflation hits 42-week high of 7.57%

Inflation rose to a 42-week high of 7.57 per cent in the 12 months to April 19, higher than the previous week’s annual rise of 7.33 per cent, largely on account of an increase in food, metal products and industrial fuel prices, official data showed. Analysts said that the inflation of 7.57 per cent was “slightly higher” than their expectations and this could be due to price increase in tea and certain items in the steel group. India’s wholesale price index (WPI) based inflation now stood highest since November 13, 2004, when it was 7.68 per cent. Economists expressed confidence that the recent fiscal and monetary measures would yield results in the coming weeks. They, however, noted that inflation was unlikely to return to the comfort zone of the Reserve Bank of India any time this fiscal. “There could be some easing of food inflation given the good wheat production and likelihood of good monsoon. I see some temporary relief on food side. But commodities are tough to predict. The infla...