State-owned Gujarat Alkalies and Chemicals Limited (GACL) has registered a drop of over 34 per cent in the net profits for the quarter ended March 31, 2011 at Rs 55.99 crore against Rs 85.63 crore recorded in the corresponding quarter of the previous year. The company witnessed excessive cost pressure and erosion in price realisation for caustic soda group and caustic potash group products, which is believed to have weighed on the company's performance and growth.

GACL profit dips by 34%

Business Standard

Industry was the most obvious casualty of the Left&rsquo;s excesses.

Flight of business from Bengal

Ahmedabad-based Timbor Home Limited is planning to expand its presence in the country by setting up 20 company-owed large format furniture retailing stores across India with its focus on tier-II and tier-III cities.

Timbor Home to open 20 large format stores

Chinese TBEA Shenyang Transformers group today expressed its willingness to set up a high-voltage power transformers and solar energy equipment manufacturing facility near Vadodara.

Chinese group plans unit near Vadodara

Notwithstanding a rise in acreage, cotton yield in India has been declining for the past three years mainly on account of erratic weather conditions and increased usage of spurious Bacillus Thuringiensis (BT) seeds for the cotton cultivation in some parts of the country.

Spurious BT seeds, weather take toll on cotton yield in India

The commerce and industry minister Partha Chatterjee has invited Purnendu Chatterjee for a talk tomorrow. Purnendu Chatterjee&rsquo;s TCG is the share holder of the joint venture Haldia Petrochemicals. For the last few years the Chatterjee Group is fighting a legal battle with the state government over the issue of distribution and control of shares in the Haldia Petrochemicals. After the state government, who is the majority shareholder of the Haldia Petrochemicals, wanted to invite Indian Oil against the will of the TCG, the latter went to Company Law Board and won a favorable verdict.

Purnendu-Partha meeting tomorrow over Haldia Petrochem

A day after Chief Minister Mamata Banerjee said the agreement signed between Tata Motors and the Left Front government for the Nano project in Singur could be put in the public domain as early as today, commerce and industry minister Partha Chatterjee today hinted the process might get delayed because of legal complications.

Legal complications stop Mamata govt from making Singur agreement public

The Karnataka Cabinet today approved a proposal to set up a semiconductor lab by the Indian Institute of Information Technology Bangalore (IIIT-B) in Bangalore.

IIIT-Bangalore to set up semiconductor lab

With thermal power projects facing shortage of coal, power crisis may grip Andhra Pradesh during the current financial year if the ensuing monsoon does not provide the much-needed hydel power backup.

Coal shortage to aggravate AP power situation if rains fail

Manpower shortage has hit the least expected area &mdash; the power transmission sector, as the pace of investments is picking up to meet the power demand and generation for the next four years in Andhra Pradesh.

APTransco to train youth to tackle manpower shortage

Aided by higher price realisation, revenues grew 90 per cent to Rs 3,769.75 crore from Rs 1,983.33 crore.

NMDC Q4 net nearly doubles

GSM mobile network operator Aircel, a 74:26 JV between Maxis Berhad of Malaysia and the Apollo Hospitals Group, launched the much-awaited iPhone 4 from the Apple&rsquo;s stable in Hyderabad today.

Aircel launches iPhone-4 in Hyd

Suryalata Spinning Mills&rsquo; net profit remained flat at Rs 3.27 crore for the quarter ended March 2011 as compared with the same period last year.

Suryalata Spinning net flat at Rs 3.27 cr

Plant will manufacture miniature circuit breakers.

ABB plans Rs 115 cr unit in Karnataka

Anti-graft crusader Anna Hazare warned the government that if it did &ldquo;something hanky panky&rdquo; with the Lokpal bill he would again undertake a fast-unto-death.

Hazare warns Centre not to play tricks

Press Trust of India

BGR Energy Systems Ltd expects to achieve financial closure for its Rs 4,400-crore boiler and turbine manufacturing facilities, coming up in Kanchipuram district in Tamil Nadu, in the next three to four months. It has appointed SBI and IDBI for the purpose.

Fin closure of BGR Energy's Rs 4,400-cr plant in 3 months

Pro-Posco villagers hail suspension of Dhinkia sarpanch

An expert technical committee constituted by the Orissa government to look into the irregularities in implementation of the controversial Polavaram project, has submitted a written memorandum to the Supreme Court appointed Gopalkrishnan committee.

Expert teams of Orissa, Chhattisgarh submit joint memorandum to SC committee

Parivartan (change) mantra by Trinamool Congress (TMC) is now catching the fancy of industrialists too, as most of them are lining up with their best wishes and to get an appointment with its supremo Mamata Banerjee and her associates.

Corporate bigwigs make beeline for a date with ministers

Texmaco Ltd has reported a 96.92 per cent drop in net profit for the fourth quarter of the financial year 2010-11 to Rs 84.94 lakh, against Rs 2760.38 crore during the same period during the last financial year.

Texmaco sees a dip in Q4 net profit

Jai Balaji Industries Limited has recorded a 14 per cent increase in total income for the financial year ending March 31, 2011, at Rs 2208.83 cr. The EBIDTA for the year was Rs 356.80 cr as against Rs 260.32 cr, an increase of 37 per cent.

Jai Balaji total income at Rs 2,208.83 cr

- Find Specials News, Features, Analysis and more at Business Standard. Business Standard brings in-depth coverage of major events, issues and developments in India

Page 3134 - Specials News