You are here: Home » Markets » News
Business Standard

India Briefs


    India Briefs

    India Briefs

    India Briefs

    India Briefs

    India Briefs

Reliance Industries announced a six per cent growth in its net profit to Rs 702 crore for the second quarter ended September. Sales declined seven per cent to Rs 6,234 crore during the same period.

Automaker Telco has reduced its loss by 61 per cent to Rs 61.8 crore in the second quarter ended September, against a loss of Rs 158 crore in the same period last year. Revenues during the same period increased by eight per cent to Rs 2,054 crore.

Almost all refining companies with the exception of Reliance Petroleum have recorded a fall in revenues in the second quarter .

The fall in net profits and revenue are being attributed to the sustained fall in demand coupled with a sharp fall in international prices for petroleum products.

US power major CMS Energy is planning to exit from all its power assets in India. These include two IPPs already commissioned : one is under construction while another is still in the development stage.

The United Breweries Group has shortlisted four global beer companies -- Carlsberg, Heineken, South African Breweries and Interbrew -- for offloading 26 per cent stake in its demerged brewery business.

lOctober has proved to be a good month for motorcycle sales for both Hero Honda Motors and Bajaj Auto. Hero Honda sold 1.3 lakh units of motorcycles in October, a jump of 44 per cent over the same month last year.

Meanwhile, Bajaj Auto achieved a 103 per cent rise in motorcycles sales last month as compared to previous year's figure. The two-wheeler industry has grown by 25 per cent during the month.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 05 2001. 00:00 IST