For the quarter ending September 2012, the Tata Steel posted a consolidated net loss of Rs 363.9 crore compared to a net profit of Rs 212 crore for the year-ago period. The company attributed losses to lower steel prices and higher raw material costs, coupled with the poor performance of its Europe division, Tata Steel Europe, whic
During Oct-Dec 2012, the consolidated profit of Puravankara Projects expanded 101.28 per cent to Rs 64.41 crore because of ready-to-move-in (ready units) inventory and new launches. The company generated 28 per cent of revenue from the ready-to-move-in inventory during the quarter and the balance from the ongoing
Leading property developers in the country have posted strong earnings results on the back of improvement in sales and the consequent rise in bottomlines. Developers like Godrej Properties said the improvement in sales numbers is mainly on the back of new projects which launched in recent months.
After announcing its March quarter results, real estate firm Sobha Developers informed that it plans to expand operations in Kochi and Kozhikode besides foraying into new towns like Hyderabad and Noida or Ghaziabad region. JC Sharma, Vice-Chairman and MD of Sobha Developers informed that the firm has an order book worth Rs 5.34 billion to be executed in the next two years. It ha
During 2012-13, the Indian Railways have carried 1.009 billion tonne of revenue earning freight traffic compared to 969.78 million tonne in the previous year. This represents an increase of 39.95 million tonne or 4.12 per cent over 2011-12. In March 2013, the revenue earning freight traffic carried by Indian Railways was 98.20 million tonne. There is an increase of 4.35 million tonne over the actual freight traffi
Net revenue of cement major ACC contracted about 3 percent from a year ago to Rs 2,911.1 crore, while that of Ambuja fell 3.5 percent to Rs 2,544.8 crore during Jan-Mar 2012-13. The decline in net revenue is attributed to weak cement prices amid tepid demand. Moreover, lower raw material costs did not offer any respite as expenses on oth