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Not inspecting books of RCom, says Khurshid
Corporate Affairs Minister Salman Khurshid today ruled out inspection of financial accounts of Reliance Communications (RCom), which is under attack for alleged understating revenues and evading licence fee payment, unless the DoT asks the Ministry to do so.

DLF-IL&FS consortium bag Rs 900-cr Haryana Metro project
The country"s largest real estate player DLF today announced a fully privately financed metro rail project for its townships in Gurgaon with a project cost of Rs 900 crore.

News of the day

Suspend cotton exports to help textiles ind: FIEO
Exporters today appealed to Prime Minister Manmohan Singh to suspend export of raw cotton saying rising prices of the commodity has become a double whammy for textiles industry, hit by the global demand slump.
Small Business

LIC Housing Fin Q3 net up 14% to Rs 154 cr

LIC Housing Finance has posted a rise of 14.32 per cent in its net profit after tax at Rs 153.57 crore for the quarter ended December, 2009 compared with Rs 134.33 crore in the corresponding previous quarter. Its net sales during the period stood at Rs 833.61 crore against Rs 734.33 crore last year, up 13.52 per cent. - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr - HCL Tech Dec qtr net dips 36% to Rs 255 cr">HCL Tech Dec qtr net dips 36% to Rs 255 cr - Camlin Fine Chem Q3 net up 23% at Rs 3.15 cr - Harley-Davidson rides into red; posts $218.7 mn Q4 loss - Hind Zinc Q3 net soars threefold to Rs 1,149 cr The company’s total expenditure during the December quarter was at Rs 663.97 crore against Rs 584.45 crore, up 13.61 per cent. The earning per share (EPS) for December quarter stood at Rs 16.18 compared with Rs 15.82 last year. On the Bombay Stock Exchange, the company’s shares were trading at Rs 795.90, down 0.24 %, at IST 1402 on Monday.


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