Net profit of State Bank of India rose 10.19% to Rs 2490.04 crore in the quarter ended September 2009 as against Rs 2259.72 crore during the previous quarter ended September 2008. Total operating income rose 14.19% to Rs 17775.88 crore in the quarter ended September 2009 as against Rs 15566.50 crore during the previous quarter ended September 2008.
Reliance Communication reported net loss of Rs 117.88 crore in the quarter ended September 2009 as against net profit of Rs 468.74 crore during the previous quarter ended September 2008. Sales declined 4.65% to Rs 3032.37 crore in the quarter ended September 2009 as against Rs 3180.30 crore during the previous quarter ended September 2008.
Net profit of Hindustan Unilever declined 21.60% to Rs 428.53 crore in the quarter ended September 2009 as against Rs 546.61 crore during the previous quarter ended September 2008. Sales rose 4.97% to Rs 4228.11 crore in the quarter ended September 2009 as against Rs 4027.87 crore during the previous quarter ended September 2008.
Net profit of Reliance Infrastructure rose 6.20% to Rs 306.90 crore in the quarter ended September 2009 as against Rs 288.97 crore during the previous quarter ended September 2008. Sales rose 5.63% to Rs 2571.88 crore in the quarter ended September 2009 as against Rs 2434.81 crore during the previous quarter ended September 2008.
Net profit of Hindalco Industries declined 52.21% to Rs 344.05 crore in the quarter ended September 2009 as against Rs 719.95 crore during the previous quarter ended September 2008. Sales declined 13.20% to Rs 4892.56 crore in the quarter ended September 2009 as against Rs 5636.56 crore during the previous quarter ended September 2008.
Suzlon Energy reported net loss of Rs 184.91 crore in the quarter ended September 2009 as against net profit of Rs 16.98 crore during the previous quarter ended September 2008. Sales declined 72.33% to Rs 616.02 crore in the quarter ended September 2009 as against Rs 2226.25 crore during the previous quarter ended September 2008.
Larsen & Toubro won an order worth Rs 6897 crore from Maharashtra State Power Generation Company.
Aditya Birla Group's cement shipments in October rose 11.1% from a year earlier to 2.819 million tonnes. Production rose an annual 12.5% to 2.934 million tonnes. The group's cement business includes flagship Grasim Industries and unit UltraTech Cement, with a combined production capacity of 42 million tonnes a year.
ACC's shipments in October fell marginally to 1.69 million tonnes from 1.70 million a year ago. The company, in which Swiss cement maker Holcim holds more than 46%, said production fell to 1.71 million tonnes from 1.74 million tonnes a year ago.
Ambuja Cements' October shipments rose 3% to 1.464 million tonnes from a year earlier. The company, in which Swiss cement maker Holcim holds about 46%, said production rose to 1.498 million tonnes from 1.451 million tonnes.
Maruti Suzuki India's total vehicle sales rose 32.4% to 85,415 units in October 2009 over October 2008. Domestic sales increased 21% to 71,551 units, while exports surged 158.5% to 13,864 units in the same period.
Mahindra & Mahindra's total vehicle sales rose 26.3% to 25,670 units in October 2009 over October 2008. Domestic sales increased 23.3% to 24,538 units, while exports surged 161.4% to 1,132 units in the same period.
Bajaj Auto's total vehicle sales rose 46% to 2,80,455 units in October 2009 over October 2008. Total two-wheeler sales increased 51% to 2,49,974 units, while exports rose 12% to 84,012 units in the same period.
TVS Motor Company's total vehicle sales rose 11.9% to 1,31,029 units in October 2009 over October 2008. Domestic sales increased 18.45% to 1,18,563 units, while exports declined 26.7% to 12,466 units in the same period.
Arvind and Alok Industries are reportedly exploring options to hive off retail businesses to unlock value of their brands by inviting equity investments.
SREI Infrastructure Finance is reportedly looking to raise an overseas fund with corpus of $500 million-$1 billion for domestic infrastructure projects.
BOC India will reportedly invest Rs 600 crore in building and commissioning a 2,550 tonne per day air separation unit at Tata's Steel's Jamshedpur plant.
In a new strategy being drawn up by the department of industrial policy and promotion, foreign direct investment in single brand retail could reportedly be hiked to 74% from 51% now.
The board of City Union Bank has approved issuing one equity share for every four held in the bank on rights basis. The bank will raise Rs 48 crore via rights issue, it said in a statement to the stock exchange.
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