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ICICI Bank, HDFC hike interest rates
RBI likely to further tighten its monetary policy, feel experts

JSW Steel net dips to Rs. 219 crore
MUMBAI: The agreement between steel makers and the government for holding the price of the commodity has hit JSW Steel’s bottomline hard as its profits for the first quarter of the fiscal dipped 52 per cent to Rs. 219.35 crore over the ...

Rs. 51,577-cr. scheme to reform power sector


Finance panel to suggest fiscal accounting for oil, other bonds
The Commission is scheduled to submit its report on October 31

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Barometer


Briefly
Consumer index up one point
SHIMLA: All-India consumer price index for industrial workers (CPI-IW) (base 2001=100) moved up by one point to 140 in June due to increase in prices of cooking gas, rice, wheat flour, vegetable and fruit items. Point-to-point rate of ...

Sundaram Finance net up 59 p.c.
CHENNAI: Sundaram Finance has achieved a net profit of Rs. 37.28 crore for the first quarter ended June 30, 2008 against Rs. 23.42 crore in the corresponding quarter in 2007-08. The total income has registered a growth of 33 per cent at Rs. ...

Syndicate Bank Q1 net dips
BANGALORE: Syndicate Bank’s net profit in the first quarter of 2008-09 fell by over 60 per cent to Rs. 87.89 crore as compared to Rs. 221 crore in the same quarter in the previous year, mainly on account of higher provisioning of Rs. 261 ...

Lanco Infra revenue at Rs. 927 crore
HYDERABAD: Lanco Infratech posted a revenue growth of 58 per cent at Rs. 926.80 crore in the first quarter of the current financial year against Rs. 585.90 crore in the corresponding period last fiscal. The profit after tax moved up to Rs. ...

Apollo Hospitals profit up in Q1
CHENNAI: Apollo Hospitals Enterprise (AHEL) has reported a turnover of Rs. 332.90 crore for the first quarter ended June 30, 2008, a growth of 28.3 per cent over the corresponding period last year. The net profit after tax before other income ...

Parsvnath Developers posts lower profits
NEW DELHI: Parsvnath Developers has reported a 16 per cent decline in net profit at Rs. 71 crore for the quarter ended June 30, 2008 against Rs. 84 crore in the first quarter of 2007-08. However, net sales rose by five per cent to Rs. 372 ...

Purvankara consolidated net at Rs. 62 crore
BANGALORE: Real estate developer Purvankara Projects reported a 41 per cent growth in consolidatednet profit for the quarter ended June 30, 2008, at Rs. 61.89 crore, as compared to the fourth quarter of last year. Purvankara is now developing ...

Elder Pharma Q3 net up 16 % at Rs. 18 cr.
MUMBAI: Elder Pharmaceuticals has reported a total income of Rs. 147.65 crore in the third quarter ended June 30, 2008 agaisnt Rs. 121.51 crore in the year-ago period, a growth of 21.51 per cent. The net profit has risen by 16.31 per cent at ...

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