Tuesday, February 8, 2011

Corporate News Updates 08-Feb

Net profit of Assam Company India rose 474.35% to Rs 10.97 crore in the quarter ended December 2010 as against Rs 1.91 crore during the previous quarter ended December 2009. Sales rose 2.59% to Rs 94.94 crore in the quarter ended December 2010 as against Rs 92.54 crore during the previous quarter ended December 2009.

Net profit of Sah Petroleums rose 521.74% to Rs 4.29 crore in the quarter ended December 2010 as against Rs 0.69 crore during the previous quarter ended December 2009. Sales rose 28.31% to Rs 97.08 crore in the quarter ended December 2010 as against Rs 75.66 crore during the previous quarter ended December 2009.

Net profit of Arora Fibres rose 157.69% to Rs 0.67 crore in the quarter ended December 2010 as against Rs 0.26 crore during the previous quarter ended December 2009. Sales declined 5.66% to Rs 5.17 crore in the quarter ended December 2010 as against Rs 5.48 crore during the previous quarter ended December 2009.

Net profit of Camlin Fine Chemical rose 168.89% to Rs 1.21 crore in the quarter ended December 2010 as against Rs 0.45 crore during the previous quarter ended December 2009. Sales rose 27.91% to Rs 42.35 crore in the quarter ended December 2010 as against Rs 33.11 crore during the previous quarter ended December 2009.

Amid concerns of alleged 'surrogate practices' of 'Big Four' accounting firms,regulator ICAI has asked PriceWaterhouseCoopers, KPMG , Ernst & Young and Deloitte to desist from acquiring Indian audit outfits.

State-run power equipment-maker BHEL today said it has signed an agreement with Spain's Abengoa to set up solar power projects in India.

JSW Steel on Monday reported 9% increase in its crude steel production in January to 5.8 lakh tonnes from 5.33 lakh tonnes a year earlier.

Entertainment firm Shree Ashtavinayaka is joining hands with a little-known business group LFS Global for a multi-billion dollar project to build India's largest film city near Mumbai modeled on the lines of Hollywood's Universal Studios.

Founders of Kavveri Telecom Products will launch an open offer to buy back a further 20% in the firm at 116.47 rupees each.

Tags: Corporate News, Corporate Updates, BSE/NSE Movers

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