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Tulip Telecom is set to report a net profit of Rs 84.37 crore for the quarter ended December 2010 as against Rs 78 crore in previous quarter, according to CNBC-TV18 estimates.
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RK Jain, ED, Wave City, Ghaziabad says, “Income tax deduction u/s 80-IB was available to developers for affordable housing. This facility was discontinued with effect from 1st April, 2008. Tax benefits should also be given to developers who are engaged in undertaking large scale urban development projects.
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Elder Pharma has posted a 40% rise in its consolidated revenues at Rs 251 crore for the December quarter versus Rs 180 crore in the same quarter a year ago. Despite this jump in sales, the company’s consolidated net profit was flat at Rs 15.8 crore for the December quarter versus Rs 15.4 crore.
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Dishman Pharma has reported a consolidated net profit of Rs 1.7 crore for the quarter ended December 2010 as against Rs 33 crore in same quarter the previous year.
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Berger Paints has reported a net profit of Rs 36.9 crore for the quarter ended December 2010 as against Rs 27.7 crore in same quarter the previous year. (YoY)
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Varun Shipping has reported a net profit of Rs 12 crore for the quarter ended December 2010 as against net loss of Rs 1 crore in same quarter the previous year.
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The big concern for construction major HCC that has come out is that, apart form the Lavasa issue, it might now be facing problems in getting environmental clearances in the parent company itself, for the parent project itself.
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FMCG major Dabur India has recently launched a dedicated online shopping portal for its beauty range – Dabur Uveda, reports indiaretailing.com.
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Insurance Regulatory and Development Authority (IRDA) has allowed portability of health insurance products, reports Business Standard.
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Vijay Mallya's Kingfisher Airlines has reported a net loss of Rs 254 crore for the quarter ended December 2010 as against loss of Rs 420 crore in same quarter the previous year.
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Piramal Healthcare has reported a consolidated net profit of Rs 60.3 crore and net sales of Rs 398 crore.
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The third quarter of FY2011 saw margin reduction for most of the fast moving consumer goods (FMCG) companies on account of a higher raw material cost and sustained higher advertisement spends during the quarter, reports the Economic Times quoting brokerage firm Sharekhan.
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ITI has reported a net loss of Rs 104 crore for the quarter ended December 2010 as against loss of Rs 53.2 crore in same period the previous year.
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Ten State Governments announce Auction of State Development Loans 2021 for of `7,088.000 crore on February 15, 2011.
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FMCG majors Wipro Consumer Care and Lighting (WCCL), ITC Foods, Emami and Dabur are expanding manufacturing capacity and beefing up distribution network reports The Financial Express.
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State-run HPCL has reported a net profit of Rs 211 crore for the quarter ended December 2010 as against Rs 31.4 crore in same quarter the previous year.
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DB Realty has come under a cloud after the arrest of its MD Shahid Balwa in connection with the 2G scam investigations. But speaking exclusively to CNBC-TV18 DB Group chairman Vinod Goenka said that there is no connection between DB Realty and Etisalat DB.
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Feminine and Infant Hygiene Association of India (FIHA), has sought waiver of the 10 per cent excise duty on sanitary napkins in the Budget 2011-12, reports The Economic Times.
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The world's largest aluminium rolling company Hindalco Industries is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 543.95 crore as against Rs 433.81 crore in previous quarter and Rs 427.1 crore in same quarter the previous year.
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Aban Offshore has reported a consolidated net profit of Rs 62 crore for the quarter ended December 2010 as against Rs 89.4 crore in same quarter the previous year.
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Second Liquidity Adjustment Facility : Auction Results
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Standard Chartered Mid-Market Mid-Cap Fund has invested $10 million in Pune-based Innoventive Industries Ltd, which manufactures precision tubes and tube-based auto components, sources close to the development said.
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State-run MTNL has reported a net loss of Rs 670 crore for the quarter ended December 2010 as against Rs 920 crore in same period the previous year.
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FMCG major Hindustan Unilever is exploring ways to finance rural and small town FMCG retailers, reports The Hindu Business Line.
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The Consumer Complaints Council (CCC) of ASCI has found some advertisements of Bharti Telemedia, Gillette India, Piramal Healthcare misleading, reports The Hindu Business Line.
