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Feb 8: Bharti Airtel Q3 net at Rs 1,011 cr

  • Feb 8: Bharti Airtel Q3 net at Rs 1,011 cr

    Feb 8: Bharti Airtel Q3 net at Rs 1,011 cr

  • ONGC Q3 net falls 4.8% to Rs 6,741 cr

    An engineer of Oil and Natural Gas Corp (ONGC) works inside the Kalol oil field in the western Indian state of Gujarat.

    State-owned Oil and Natural Gas Corporation reported a 4.8% decline in net profit at Rs 6,741 crore for the quarter ended December 2011 as against Rs 7,083 crore in December 2010.

    Net sales too fell 2.5% to Rs 18,123 crore from Rs 18,586 crore in the same period a year ago.

    ONGC also reported a royalty reversal of Rs 3,142 crore as against an expectation of Rs 2,500 crore.

  • Telenor Q4 misses forecast, writes off Rs 3,450 cr for Uninor

    A girl walks past in front of a closed shop displaying the Uninor logo on its shutter in Mumbai.

    Norwegian telecom company Telenor reported operating earnings well behind forecasts on Wednesday but predicted improving profitability and rising revenues in 2012.

    State-controlled Telenor, one of the world's biggest mobile operators with around 140 million subscribers across Europe and Asia, said earnings before interest, taxes, depreciation and amortisation (EBITDA) was Rs 5,958 crore (7.08 billion crowns) in the quarter, well short of forecasts for Rs 6,404 crore (7.61 billon crowns) in a poll of analysts.

  • January car sales rise 7.2%

    Hyundai cars ready for shipment are seen at a port in Chennai.

    Car sales in India rose an annual 7.2% in January, an industry body said, marking the third consecutive monthly rise as automakers bounce back from record falls in sales in late 2011.

    Demand for cars in India fell for the first time in three years last July as high interest rates and rising fuel costs deterred buyers.

    Automakers sold 196,013 cars last month, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.

    Sales of trucks and buses, a key indicator of economic activity, rose 13.5% in January from a year previous to 69,859 vehicles, SIAM said.