Loss would have been Rs 1,090 cr had the airline used accepted accounting standards, says auditor Kingfisher Airlines today reported a net loss of Rs 755.17 crore for the third quarter ended December 31, 2012, a period when it did not operate a single flight. The company had a net prof…

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Q3 net profit at Rs 20.64 crore against Rs 6.22 crore in Q2. OnMobile Global has surged over 6% to Rs 43.40 after reporting a 16% year-on-year (yoy) growth in consolidated net profit at Rs 20.64 crore in December 2012 quarter (Q3) against Rs 17.80 crore in a year ago quarter. The compan…

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New Delhi: Diesel prices will be hiked by 40-50 paise per litre every month till losses on the nation’s most used fuel are completly wiped out, Oil Minister M Veerappa Moily said on Friday. “Until further orders, oil marketing companies can increase it (diesel price) by 40-50…

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Demand hurt due to coal and gas shortages, delay in govt approvals and scarcity of funds Bharat Heavy Electricals Ltd, India’s top power equipment maker, missed analyst estimates with a 17.5% fall in third-quarter net profit, hit by a slowdown in new orders, sending its shares dow…

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Reliance Industries Ltd (RIL), sitting on a huge cash pile of Rs 80,000 crore and having just raised another Rs 4,264 crore as a perpetual bond (perp bond), plans to use the money to repay loans and expand capacity in its petrochemicals, oil and gas and refining businesses. The Mukesh Am…

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The rate cut, first in nine months, is likely to encourage banks to reduce their lending rates The Reserve Bank of India ( RBI) has slashed the repo rate by 25 bps to 7.75%. The reverse repo rate will also be adjusted to 6.75% from 7%. It has also announced a cut in CRR by 25 bps to 4%,…

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Washington: Air India has been rated world’s third least safe airline after China Airlines and TAM Airlines, according to a report from a website that monitors plane crashes around the world. India’s national carrier is ranked 58th among 60 listed airlines by Hamburg based Je…

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Citigroup Global Markets Mauritius and Sarang Wadhawan sold equity shares worth of Rs 92 crore in past two days. Housing Development & Infrastructure Ltd ( HDIL) has tanked 16% to Rs 80.60, extending its over 20% fall in past two trading sessions after the company’s promoter alon…

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The government on Monday increased the Customs duty on gold and platinum by two percentage points to six per cent. With this, the duty on gold has gone up five-fold since January last year, when it stood at one per cent. The move is aimed at curtailing imports of the metals. Gold has be…

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As long as the Sensex sustains at levels above 19,950, the bias is likely to remain fairly bullish. The weekly Fibonacci charts suggest support for the index at 19,870-19,770 Last week, the markets recorded fresh two-year highs, owing to aggressive buying in energy shares like Reliance …

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