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Popular Articles

Tech Mahindra: Forex gains
The September 2009 quarter results of leading IT players suggest that the global telecom industry is not out of the woods. Indicatively, Infosys and TCS‘ telecom segments’ share in overall revenues posted a decline of 60-70 bps sequentially — even on an absolute basis, their telecom-vertical revenues were lower sequentially. Given the muted outlook for the telecom sector, the topline and operating performance of Tech Mahindra, which derives 60 per cent from Europe and about 50 per cent from its major client, British Telecom (BT), is reasonably good. http://smallpersonalloans.org.uk

Polaris mulls expansion in Europe; possible hub Sweden
India"s financial technology firm Polaris Software Lab is planning to expand its footprint in the European markets beyond continental Europe and Sweden could be the base to cater to the large untapped region.

News of the day

FPO of NTPC, REC likely in 2 months: FinMin
The Follow-on Public Offers (FPOs) of either NTPC or Rural Electrification Corporation (REC), are likely to be launched in the next couple of months, a senior government official said.
Small Business

Jay Bharat Maruti Q3 net jumps over fivefold

Auto components maker Jay Bharat Maruti today reported an over five-fold jump in net profit at Rs 5.41 crore for the third quarter. - REC"s Q3 net rises 49% to Rs 474 cr - Jaiprakash Power earns Rs 16.8 cr net in Q3 - Bajaj Auto Q3 net jumps threefold to Rs 475 cr - Infosys Q3 net declines 3.6% YoY to Rs 1,582cr - Bajaj Auto Finance Q3 net jumps over two-fold to Rs 27 cr - Kinetic net profit at Rs 97.61 cr net in 2009 It had a net profit of Rs 1.08 crore during the same quarter last fiscal, Jay Bharat Maruti (JBML) said in a statement. The company also reported an increase of 31.62 per cent in its third quarter revenues at Rs 203.76 crore against Rs 154.81 crore during the same period of 2008-09. JBML is a joint venture between car maker Maruti Suzuki India and the JBM Group. It manufactures and supplies auto components like sheet metal components, welded assemblies, fuel neck fillers, axles and exhaust systems.


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