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The leading Engineering conglomerate Larsen & Toubro Ltd has declared its financial results for the June quarter of the fiscal year 2010-11. There has been a huge drop in the net profit of the company in the quarter under review.

The company has posted a net profit of 6.66 billion rupees during the April-June period of fiscal year 2010 which was reported to be 15.98 billion rupees for the similar quarter in the previous fiscal year 2009-10. Hence there has been a decline of almost 58% in the net profit figure this time against last year's profit record.

Leading commercial vehicle maker Ashok Leyland has announced its first quarter financial results for the fiscal year 2010-11. According to the report, it company has registered a mammoth sixteen fold rise in the net profit of the company in the June quarter of the year against its like period a year ago.

Ashok Leyland has posted a net profit of Rs 122.64 crore for the quarter that ended in 30th June, this year.

After the opposition disrupted the proceedings in the parliament demanding the fuel price hike across the country, the petroleum Minister has declined any roll back of the fuel hike saying that why should the government pay Rs. 5,000 crore per quarter for the petrol being used in anyone's car? Moreover, Deora also pointed out the fact that there hasn't been any hike for the past four years and the recent hike in just minimal.

In fact, the minister also said that if the opposition has to unite they must unite for something good.

With a view to get its strategy right in the first place, Parthenon Group has recently inducted renowned author, management guru and public intellectual, Gurcharan Das to its strategic advisory board for their India office.

It is to be mentioned here that the India office is the Asia's headquarters of the company and the step is taken to enhance its commitment to the Indian market.

Reports claim that Plastiki, a 60 foot vessel buoyed by over 12,000 2-liter plastic bottles, sailed into the Sydney Harbor marking the completion of its 130 day voyage.

It supposedly was an 8000 mile journey that started from San Francisco.

The journey involved a noble intention of environment enlightenment which was undertaken by British adventurer and environmentalist David de Rothschild who tried to evoke response drive for the awareness about the amount of plastic debris floating around in the world's oceans.

Honda Siel Cars India, leading manufacturer of premium cars in India recently said that the company will be investing close to rs. 250 crore with a view to, expand its power train facility in its Tapukara Plant in Rajasthan.