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| HZL, DRL, NDTV, GTL & Piramal Q1 results | 23-JUL-09 |
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| Despite significantly increasing its metal production, the country’s largest zinc producer and Vedanta Group company Hindustan Zinc Ltd (HZL) posted a 15 per cent decline in net profit, which the company attributed to an over 30 per cent slump in the benchmark metal prices on the London Metal Exchange (LME). |
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| Mindtree, IDFC, Indo Rama Syn & GTL Infra Q1 results | 21-JUL-09 |
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| The bottomline of IT services vendor Mindtree Ltd has been bolstered by the acquisition of Aztecsoft. In the first quarter of 2009-10 ended June 30, the Bangalore-based company saw its net profit touching Rs 57 crore, from a net loss of Rs 12 crore posted in the comparable quarter of the previous year. Sequentially, PAT increased 200 per cent from Rs 19 crore posted in the quarter ended March 31. The bottomline saw an increase of 217.3 per cent in dollar terms. |
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| GTL earmarks Rs 400 crore capex for 2 years | 23-APR-09 |
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| Network services provider GTL has increased its planned capital expenditure for the next two financial years (FY10 and FY11), expecting increased contracts from Indian companies, especially state-owned Bharat Sanchar Nigam Ltd (BSNL). The quadruple increase in capex, from Rs 100 crore last year, comes at a time when Indian companies are pruning headcount and investments. |
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| Analysts' corner | 23-MAR-09 |
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| STERLITE INDUSTRIES
Reco price: Rs 293.05
Current market price: Rs 315.65
Target price: Rs 518
Upside: 64.1%
Brokerage: Macquarie Research
The research outfit’s commodity team has increased zinc price forecasts for FY09 and FY10 by 4 per cent and 3 per cent to $1,572 and $1,251, respectively, but has reduced it by 4 per cent for FY11 to $1,488. Aluminium price forecast, too, has been cut by 9 per cent to $1,461 for FY10 and 18 per cent to $1,626 for FY11.
With cash costs of $670 |
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| SC admits Sebi pleas against Tatas' former brass, others | 16-MAR-09 |
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| The Supreme Court today admitted petitions challenging a sectoral tribunal's judgment that set aside Sebi's order that banned former Tata Finance Managing Director Dilip S Pendse from the securities market for two years for allegedly violating insider trading norms. |
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| DRDO products not just for armed forces anymore | 24-FEB-09 |
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| An explosive detection kit that can determine threat levels by sniffing out the smallest quantity of explosives, acoustic life detectors to locate people trapped under rubble in the aftermath of disasters and providing potable water by using mobile water purification systems. |
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| GTL offers cheap power to cell sites | 30-JAN-09 |
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| GTL, a network services provider, has forayed into energy outsourcing contracts and has bagged deals from Bharti Airtel, Idea Cellular and GTL Infrastructure (GIL) to manage their power requirements of over 8,000 cell sites. |
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| GTL's consolidated net dips 11 per cent in Q3 | 16-JAN-09 |
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| Network services major GTL has posted a consolidated net profit of Rs 32.14 crore in the third quarter ended December 2008, down 18.11 per cent from Rs 39.24 crore in the year-ago period. The company posted a total income of Rs 467.81 crore in the quarter, up 4 per cent from Rs 450.31 crore compared with the year-ago period, according to a company statement. On a standalone basis, net profit declined 31 per cent to Rs 22.28 crore during the quarter under review. |
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| GTL Infra reduces net losses to Rs 1.40 crore | 15-JAN-09 |
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| GTL Infrastructure (GIL) has posted reduced net losses of Rs 1.40 crore in third quarter ended December 31, 2008, compared with a net loss of Rs 16 crore recorded during the same period of previous financial year. |
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| GTL Infra Q3 net loss at Rs 1.4 cr | 14-JAN-09 |
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| GTL Infrastructure, part of the Global group, has posted a net loss of Rs 1.4 crore in the quarter ended December 2009, as compared to a loss of Rs 16 crore posted by the telecom infrastructure company in the corresponding quarter last year. |
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| Quipo closer to deal with TTSL tower unit | 30-NOV-08 |
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| Quipo Telecom Infrastructure, a Srei Group-promoted company, is likely to clinch a partnership deal with the tower business of Tata Teleservices in the next two weeks. |
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| GTL, Rallis India & Finolex Q2 Result | 17-OCT-08 |
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| GTL rings in 40% rise in Q2 net profit
Telecom network services provider GTL has posted a net profit of Rs 42.35 crore on a consolidated basis in its second quarter ended September 2008, a 40.23 per |
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