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  • General Motors earnings jump 89 per cent in fourth quarter

    General Motors earnings jump 89 per cent in fourth quarter

    General Motors (GM) fourth quarter earnings jumped 89 per cent but were held back by $700 million in losses on its European operations, the company said today. The top US automaker earned a net $892 million in the quarter to December 31, compared to $472 million a year earlier.
  • Sebi slaps over Rs 30 crore penalty on 118 entities in Bank of Rajasthan case

    Sebi slaps over Rs 30 crore penalty on 118 entities in Bank of Rajasthan case

    Securities and Exchange Board of India (Seb)i today imposed a total penalty of Rs 30.75 crore on 118 entities, including the promoters of erstwhile Bank of Rajasthan, for alleged manipulative practices in the stock market between 2007-2009.
  • Videocon Q3 net plunges 99 per cent to Rs 1 crore

    Videocon Q3 net plunges 99 per cent to Rs 1 crore

    Electronics company Videocon today reported a whopping 98.79 per cent fall in net profit at Rs 1.04 crore for the third quarter ended December, 2012 due to huge finance cost. The company had posted net profit of Rs 86.42 crore for the same period a year ago.
  • IVRCL Q3 net loss at Rs 68.13 crore

    IVRCL Q3 net loss at Rs 68.13 crore

    Infrastructure major IVRCL today posted a net loss of Rs 68.13 crore for the third quarter ended December, 2012. The company had posted a net profit of Rs 6.78 crore in the corresponding period of the previous fiscal year.
  • Dr Reddy's Labs Q3 net falls 29 per cent to Rs 363 crore

    Dr Reddy's Labs Q3 net falls 29 per cent to Rs 363 crore

    Dr Reddy's Laboratories (DRL) today said that the consolidated net profit declined by 29 per cent to Rs 363 crore for third quarter ended December 2012.
  • Rei Agro Q3 net profit doubles to Rs 249.62 crore

    Rei Agro Q3 net profit doubles to Rs 249.62 crore

    Basmati rice processor Rei Agro today reported an over two-fold jump in the consolidated net profit at Rs 249.62 crore for the third quarter ended December, 2012 on account of increased sales. The company's net profit was Rs 123.8 crore in the same quarter last fiscal year.
  • Srei Q3 net up 140 per cent on higher fee based income

    Srei Q3 net up 140 per cent on higher fee based income

    Srei Infrastructure Finance today reported over 140 per cent jump in the consolidated net profit at Rs 46.50 crore for the third quarter ended December 2012. The infrastructure finance major had clocked a net profit of Rs 19.40 crore last year.
  • Supreme Infra Q3 net profit up 44 per cent at Rs 36 crore

    Supreme Infra Q3 net profit up 44 per cent at Rs 36 crore

    Supreme Infrastructure India today posted 44 per cent rise in the net profit at Rs 35.92 crore for the third quarter ended December 2012 on the back of increase in revenues. The infrastructure company had recorded a net profit of Rs 25.01 crore in the year-ago period.
  • Suzlon Q3 net loss widens to Rs 1,154 crore

    Suzlon Q3 net loss widens to Rs 1,154 crore

    Wind turbine maker Suzlon Energy today reported a consolidated net loss of Rs 1,154.53 crore in the third quarter ended December 2012. The company had reported a net loss of Rs 286.46 crore in the corresponding period last fiscal year.
  • Mahindra to invest $73 million on Korean arm Ssangyong

    Mahindra to invest $73 million on Korean arm Ssangyong

    Auto major Mahindra & Mahindra (M&M) today said it will invest 80 billion Korean Won (about $73.73 million) on its Korean subsidiary Ssangyong Motor Co (SMC), through subscription of a preferential allotment.
  • Praful Patel to meet Chidambaram; to suggest sops for auto sector

    Praful Patel to meet Chidambaram; to suggest sops for auto sector

    Noting auto industry is riding through a rough patch, Heavy Industries and Public Enterprises Minister Praful Patel today said he will meet Finance Minister P Chidambaram in the next two days and suggest a stimulus for the sector to revive growth.
  • Wockhardt Q3 net zooms two-fold to Rs 428 crore

    Wockhardt Q3 net zooms two-fold to Rs 428 crore

    Drug firm Wockhardt today reported over two-fold increase in the consolidated net profit at Rs 428 crore for the third quarter ended December 31, 2012, on robust sales across international markets, including US.
  • Rolls-Royce 2012 net profit surges on International Aero Engines stake sale

    Rolls-Royce 2012 net profit surges on International Aero Engines stake sale

    Aircraft engine maker Rolls-Royce said today that net profits surged last year, boosted by the strong revenues and the sale of its stake in US-based International Aero Engines, and appointed its new chairman. Earnings after taxation soared 2.281 billion pounds in 2012, compared with 850 million pounds in 2011, the firm announced in a results statement.
  • CIL invites companies to take up drilling of mines in Mozambique

    CIL invites companies to take up drilling of mines in Mozambique

    Taking forward the process to assess reserves of its mines in Mozambique, Coal India (CIL) today invited bids for taking up drilling at the blocks. The development comes at a time when the coal producer is facing problems in enhancing the coal production and the country is facing shortage of the fossil fuel.
  • Oil nearly unchanged as Europe economy slumps

    Oil nearly unchanged as Europe economy slumps

    Oil prices changed slightly on Friday, a day after data from Europe showed both big and small economies in the region mired in an economic slowdown.

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