Indian Hotels posts Rs 137 crore loss

Indian Hotels posts Rs 137 crore lossIndian Hotels Company (IHC) has declared its annual financial results for the fiscal year 2009-10 and has informed to incur a loss in net profit. The company has posted a net loss of Rs 137 crore for the quarter that ended in 31st March, 2010. The net profit of the firm was reported to be Rs 12 crore for the fourth quarter last year.

Indian Hotels Company belongs to Tata Group firm which owns Taj Hotels as well. So far as the net sales of the firm are concerned, it has fallen down to Rs 2,457 crore during the fiscal year 2009-10.

Colgate-Palmolive Q4 net surge 48%

Colgate-Palmolive Q4 net surge 48%Leading oral care product maker of the country Colgate-Palmolive has declared its fourth quarter financial results for the fiscal year 2009-10. The company has posted a standalone net profit of Rs 114.39 crore for the quarter that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 77.07 crore for the same quarter in the financial year 2008-09. This net profit figure has grown up by 48% in this quarter as compared to the same quarter in the last fiscal. Strong volume growth has propelled the company to register such a striking net profit in this quarter.

SAIL Q4 profit surges 40%

SAIL Q4 profit surges 40%State-run steel major Steel Authority of India Ltd. has declared its fourth quarter financial results for the fiscal year 2009-10.

The company has posted a consolidated net profit of Rs 2,084.9 crore for the quarter that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 1,485.20 crore for the same quarter in the financial year 2008-09. This net profit figure has grown up by 40% in this quarter as compared to the same quarter in the last fiscal.

Ofcom unveils new copyright policy

Ofcom unveils new copyright policyOfcom, the biggest ISPs of UK has informed that they are making a list of the users who are continuously breaking the copyright law. The plan is under consideration and practice now but the officials have anticipated that it will come out soon to control the copyright infringement.

The name of users and the number of times they have infringed will be logged by such application.

HDIL posts net profit of Rs 177.84crore

HDIL posts net profit of Rs 177.84croreCountry’s leading real estate developer Housing Development and Infrastructure Limited (HDIL) has announced its fourth quarter financial results for the fiscal year 2009-10.

The company has posted a consolidated net profit of Rs 177.84 crore for the quarter that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 61.92 crore for the same quarter in the financial year 2008-09. This net profit figure has grown up by almost three fold in this quarter as compared to the same quarter in the last fiscal.

India is a major strategic partner-Says US

India is a major strategic partner-Says USIndia has been considered as a major strategic partner of US. It is playing a major role in the relationship of America with some other key countries like China and Russia. This has been informed by National Security Strategy of US.

The Obama Administration has stated that it has given top priority to India as major strategic partner while dealing with new international orders.

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