UMBAI: Country’s top 10 companies, including Reliance Industries and ONGC, witnessed an erosion of over Rs 3.17 trillion from their combined market capitalisations in October, as the bourses bore the brunt of the global financial crisis. The combined market cap of the elite club saw…

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UMBAI: The real estate bubble has finally burst! The sector that was in the limelight a year ago is simply coming apart. Severe cash crunch with bank loans drying up, sales plunging, demand falling and stock market crashing have compounded the worries for real estate companies. The real e…

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NEW YORK: Never mind the financial crisis: with just days before the American presidential election, investors on Wall Street are betting big on a win for Democrat Barack Obama. But they wouldn’t be unfavorable to an upset by Republican John McCain. “Given Obama’s advanc…

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For the half year ended September, 2008, the total operating income was up by 34% to Rs28563mn from Rs21277mn in the earlier period. Reliance Capital Ltd has posted results for the quarter ended 30 September, 2008. Its consolidated total income up by 38% at Rs. 13131mn mn from Rs9527mn. …

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Total Income has increased from Rs67431.90mn for the quarter ended September 30, 2007 to Rs75081.30mn for the quarter ended September 30, 2008. Tata Motors Ltd has posted a Net profit for the period of Rs3469.90mn for the quarter ended September 30, 2008 as compared to Rs5268.40mn for the…

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Total income has increased from Rs45.79bn for the quarter ended September 30, 2007 to Rs56.45bn for the quarter ended September 30, 2008. Reliance Communications Ltd has announced the following Unaudited Consolidated results for the quarter ended September 30, 2008 …

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The turnover of E.I.D. – Parry (India) Limited for the half year ended 30th September, 2008 was Rs.4552.5 mn(Rs.234.79 crore). The turnover of E.I.D. – Parry (India) Limited for the quarter ended 30th September, 2008 was Rs.2514.5mn (Rs.161.53 crore). Gross operating profit f…

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This relationship will enable MIC to have access to European Markets and others like Russia, Morocco & Eastern European Countries. MIC Electronics has entered into an MOU with CERACCHI ILLUMINAZIONE Spa, a lighting company in Italy for design, development and marketing of LED lightin…

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The net sales of V Guard for the second quarter ended 30th September 2008 was Rs831.2mn, i.e. registering a growth of 29.31% compared to Rs642.8mn for the corresponding quarter of the previous year. The Board of Directors of V-Guard Industries Ltd, the largest manufacturer of voltage stab…

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India’s annual inflation rate eased to a 4-½ month low in mid-October and could be in single digits before the end of 2008, giving the Reserve Bank of India (RBI) room to cut rates further to shore up growth, analysts said on Thursday. …

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