R-Infra posts net profit of Rs 317 cr
Anil Ambani-promoted Reliance Infrastructure (R-Infra) has posted a net profit of Rs 317 crore for the first quarter ended June 30, an increase of 25 per cent over the Rs 253-crore net profit in the corresponding quarter of previous year. The better profits are mainly on account of interest from cash reserves and forex gains, which together contributed Rs 244 crore during the quarter. Total operating income of the company increased by 7 per cent during the quarter to Rs 2,446 crore, against Rs 2,290 crore in the corresponding previous year period.

Parsvnath’s net crashes by 81%
Delhi-based Parsvnath Developers has reported a decline of 81 per cent in its consolidated results for the quarter ended June 30, 2009, at Rs 13.81 crore, compared with Rs 73.96 crore for the corresponding period last year. The company’s revenue for the quarter declined by 69 per cent at Rs 115.29 crore, compared with Rs 376.42 crore for the corresponding period last year.

Click here for Cloud Computing

Also Read   Related Stories News Now - Parsvnath to raise up to Rs 750 cr via QIP - Parsvnath Developers Q1 net dips 81% at Rs 14 cr - Realty players cheer incentives on home loans - ADA Group bullish on cement, airport biz - Tata Power to snap supply to R-Infra - Parsvnath slips on 84% drop in Q4 net

Also Read   Related Stories News Now - Wall Street opens flat as data offsets Moody's warning - Thomas Cook India Q4 net jumps three times - Govt plans to make 30% sourcing from MSEs mandatory - Explain ways to cover govt loss on 3G roaming: TDSAT to telcos - Magma Fincorp plans to start gold finance biz in H1 of FY13 More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street opens flat as data offsets Moody's warning - Thomas Cook India Q4 net jumps three times - Govt plans to make 30% sourcing from MSEs mandatory - Explain ways to cover govt loss on 3G roaming: TDSAT to telcos - Magma Fincorp plans to start gold finance biz in H1 of FY13

Tags : R-Infra | Parsvnath   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...