On some occasions markets can themselves cause a vindication of their predictions. Keynes would call it the engagement of animal spirits where the ebb and flow of human emotion has a sustained and self-perpetuating impact on activity. Sanskrit scholars, who reserve such references for d…

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Reliance Communications (Rcomm) on Friday reported an increase of 8.22% in its net profit for the quarter ended June 30, 2009 to Rs 1636.61 crore, as against Rs 1512.16 crore in the same quarter last year. Its net sales grew 11.72% in fiscal Q1 to Rs 5842.96 crore as compared to Rs 5229.6…

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MUMBAI: IT financial services solutions vendor Oracle Financial Services Software on Thursday said its consolidated net profit rose by 75.99 per cent to Rs 185.78 crore for the first quarter ended June 30, 2009, over the same period last year. Consolidated total income decreased to Rs 6…

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MUMBAI: Automobile major Mahindra & Mahindra on Thursday reported a net profit of Rs 400.85 crore in the first quarter ended June 30 against Rs 159.30 crore in the same quarter last year. However, June quarter figures are not comparable with the results of the corresponding period …

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MUMBAI: Mundra Port and Special Economic Zone on Thursday reported a growth of over 76 per cent in its net profit to Rs 170.75 crore for the first quarter ended June 30 over the corresponding period a year ago. Total income rose to Rs 321.35 crore during the April-June period of the cur…

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MUMBAI: Patni Computer Systems, a mid-size IT company, reported better than expected results for the quarter ended June 2009. Growth in volume coupled with significant cost rationalization measures resulted in a quarter-on-quarter growth of 92% in net profit to Rs137 crore. The stock ma…

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NEW DELHI: Textile player Alok Industries on Thursday reported a jump of 12.91 per cent in its net profit for the first quarter of the fiscal at Rs 32.01 crore as compared to Rs 28.35 crore during the corresponding period last year. The company also reported a rise of 44.47 per cent in …

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MUMBAI: Power trading firm PTC India on Thursday reported a 77.01 per cent jump in net profit to Rs 33.33 crore for the first quarter ended June 30, 2009. Total income increased to Rs 2,399.63 crore in the June quarter of 2009 from Rs 1,220.67 crore in the corresponding year-ago period,…

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New York: Online auction firm eBay Inc has reported a 29 per cent drop in net profit at USD 327 million in the second quarter ended June 30, mainly due to drop in sales of its marketplaces business. The company had a net profit of USD 460 million in the corresponding year ago period, eBa…

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Idea Cellular Ltd has announced the following unaudited results for the quarter ended June 30, 2009: The company has posted a net profit after tax of Rs 309.21 crore for the quarter ended June 30, 2009 as compared to Rs 269.53 crore for the quarter ended June 30, 2008. Total Income has in…

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