Mumbai, Oct 30 (IANS) Telecom major Bharti Airtel Friday posted a 43.1 percent increase in net profit to Rs.2,297 crore (Rs.22 billion) for the quarter ended Sep 30, 2009, as against Rs.1,605 crore in the same period last fiscal.
The total income increased 7.5 percent to Rs.8,927 crore in the period under review from Rs.8,303 a year ago, the company said in a regulatory statement.
The group’s consolidated results according to Indian Generally Accepted Accounting Principles (IGAAP) showed 35 percent increase in net profit.
Consolidated net profit was at Rs.2,254 crore for the quarter ended Sep 30, 2009, as compared to Rs.1,668 crore in the like quarter of last fiscal.
The total income increased 16 percent to Rs.10,393 crore from Rs.8,952 crore.
The Airtel scrip was down 1.84 percent at Rs.306.30 from its previous close at Rs.312.05. The scrip fell 26.82 percent over the past month at the Bombay Stock Exchange.
Showing posts with label Kumar Deep. Show all posts
Showing posts with label Kumar Deep. Show all posts
Friday, October 30, 2009
Wednesday, October 28, 2009
Tata Tea posts Rs.258-crore net profit
Kolkata, Oct 28 (IANS) Tata Tea posted a net profit of Rs.258 crore for the quarter ended Sep 30, as against Rs.43.79 crore registered during the corresponding period last fiscal, the company said Wednesday.
“During the quarter, consequent to a favourable exchange rate movement, there is a notional unrealized gain on translation of short term foreign currency financial assets held by an overseas subsidiary, reversing the trend of unfavourable exchange rate movements experienced during the first quarter of this year,” it said.
Wholly-owned subsidiary Tetley of Britain acquired a controlling 51 percent stake in a Russian beverage company with effect from Sep 1, Tata Tea said.
“During the quarter, consequent to a favourable exchange rate movement, there is a notional unrealized gain on translation of short term foreign currency financial assets held by an overseas subsidiary, reversing the trend of unfavourable exchange rate movements experienced during the first quarter of this year,” it said.
Wholly-owned subsidiary Tetley of Britain acquired a controlling 51 percent stake in a Russian beverage company with effect from Sep 1, Tata Tea said.
Tuesday, October 27, 2009
Dubai, Oct 27 (IANS) Getex Autumn 2009, a three-day international education show, opened Tuesday at the Dubai International Convention and Exhibition
Hyderabad, Oct 27 (IANS) City-based vaccines and biotherapeutics manufacturer Bharat Biotech expects to more than double sales of its anti-rabies vaccine, INDIRAB(r),in two years to touch 20 million doses.
INDIRAB sales crossed the 10-million-dose mark in a period of three years. With increase in demand for its vaccine from public health organisations, health ministries from India as well as over 30 countries, tthe company expects the sales to soar further.
The company in a statement aid it currently has an annual capacity to produce eight million doses.
“We believe that our third-generation rabies vero cell based vaccine, produced using chromatographically purified manufacturing process, offers not just lower costs but also a highly purified vaccine with minimal side effects,” said Krishna Ella, chairman and managing director of Bharat Biotech.
The company continues to make new investments to expand its production facilities at its Hyderabad plant to meet the
rising demand for rabies vaccine both in the domestic and international markets.
INDIRAB(r) is one of the first chromatographically purified vero cell rabies vaccine in the world.
It was developed from virus strains obtained from the Centre for Disease Control and Prevention, Atlanta. It is free from inapparent viruses and adventitious agents capable of causing tumors.
The global market for anti-rabies vaccine is estimated at over 50 million doses, annually.
According to data available with the World Health Organisation, worldwide nearly 55,000 people succumb to rabies, mostly caused by dog bites. India accounts for 35 percent of deaths due to rabies.
Sphere: Related Content
INDIRAB sales crossed the 10-million-dose mark in a period of three years. With increase in demand for its vaccine from public health organisations, health ministries from India as well as over 30 countries, tthe company expects the sales to soar further.
The company in a statement aid it currently has an annual capacity to produce eight million doses.
“We believe that our third-generation rabies vero cell based vaccine, produced using chromatographically purified manufacturing process, offers not just lower costs but also a highly purified vaccine with minimal side effects,” said Krishna Ella, chairman and managing director of Bharat Biotech.
The company continues to make new investments to expand its production facilities at its Hyderabad plant to meet the
rising demand for rabies vaccine both in the domestic and international markets.
INDIRAB(r) is one of the first chromatographically purified vero cell rabies vaccine in the world.
It was developed from virus strains obtained from the Centre for Disease Control and Prevention, Atlanta. It is free from inapparent viruses and adventitious agents capable of causing tumors.
The global market for anti-rabies vaccine is estimated at over 50 million doses, annually.
According to data available with the World Health Organisation, worldwide nearly 55,000 people succumb to rabies, mostly caused by dog bites. India accounts for 35 percent of deaths due to rabies.
Sphere: Related Content
Thursday, October 1, 2009
Inteview with Ratan Tata
Q: Are you nervous? Is this much bigger than the launch of Indica?
I think I was much more nervous during the launch of Indica because we had never been in car manufacturing before. We were venturing into a new segment. We are again venturing into a new segment but in a product line in which we have 10 years of experience now.
At the time of the Indica launch, you did not know whether the market would accept you becoming a car manufacturer from a truck manufacturer.
We took some widely publicised goals at that time that we would be as big as the Ambassador, or we would have the same size of the Maruti or we would have a diesel engine. We made those statements. We didn't know those would be the kind of things the market would go for. So, I think at that time we were much more apprehensive and nervous than we are today.
Q: If one would really start at the very beginning, what really was the trigger for the idea?
Basically, just as an Indian, you know, I would be as concerned of my-self as one of the rickshaw pullers in Calcutta running with a rickshaw behind with two people sitting back. It bothered me. My mind will start thinking: Can we put a bicycle there? The same thing bothers me when I visit a plant also. The workers are bending over when the work piece should be raised or maybe they should sit in a pit or what-ever. Because I think human fatigue is something that affects safety.
So in this particular case, you could not help but notice that there were three or four family members on a scooter, the kid standing in the front, the guy driving the scooter and the wife sitting side saddle holding a little kid. And when you're driving a car, you certainly say, Oh my god, be careful, they may slip. Add to that slippery roads and night time too. Any of these reasons can be dangerous for transport. That does not mean that the scooter should not exist because scooters are an evolution of bicycles and it is all the path of prosperity.
And this seemed like a dangerous form of transport. So, I, to be frank if I might go through the process, I asked myself, what if you put two wheels on the back that will give greater stability? If you build a bar over the top could you save the occupant? I will stop there and come back.
Last year, to my surprise I found that BMW had produced a scooter with the same bars that I had thought about with rubber bumpers on the side so that if they (the riders) fell they wouldn't hurt themselves and the seat there had a seatbelt. And I thought, that's exactly what I had thought about. The fact was that BMW had put this out though it was not successful and they had withdrawn it. But, someone else had also thought of the same thing. It had only two wheels not three.
I think I was much more nervous during the launch of Indica because we had never been in car manufacturing before. We were venturing into a new segment. We are again venturing into a new segment but in a product line in which we have 10 years of experience now.
At the time of the Indica launch, you did not know whether the market would accept you becoming a car manufacturer from a truck manufacturer.
We took some widely publicised goals at that time that we would be as big as the Ambassador, or we would have the same size of the Maruti or we would have a diesel engine. We made those statements. We didn't know those would be the kind of things the market would go for. So, I think at that time we were much more apprehensive and nervous than we are today.
Q: If one would really start at the very beginning, what really was the trigger for the idea?
Basically, just as an Indian, you know, I would be as concerned of my-self as one of the rickshaw pullers in Calcutta running with a rickshaw behind with two people sitting back. It bothered me. My mind will start thinking: Can we put a bicycle there? The same thing bothers me when I visit a plant also. The workers are bending over when the work piece should be raised or maybe they should sit in a pit or what-ever. Because I think human fatigue is something that affects safety.
So in this particular case, you could not help but notice that there were three or four family members on a scooter, the kid standing in the front, the guy driving the scooter and the wife sitting side saddle holding a little kid. And when you're driving a car, you certainly say, Oh my god, be careful, they may slip. Add to that slippery roads and night time too. Any of these reasons can be dangerous for transport. That does not mean that the scooter should not exist because scooters are an evolution of bicycles and it is all the path of prosperity.
And this seemed like a dangerous form of transport. So, I, to be frank if I might go through the process, I asked myself, what if you put two wheels on the back that will give greater stability? If you build a bar over the top could you save the occupant? I will stop there and come back.
Last year, to my surprise I found that BMW had produced a scooter with the same bars that I had thought about with rubber bumpers on the side so that if they (the riders) fell they wouldn't hurt themselves and the seat there had a seatbelt. And I thought, that's exactly what I had thought about. The fact was that BMW had put this out though it was not successful and they had withdrawn it. But, someone else had also thought of the same thing. It had only two wheels not three.
Monday, September 21, 2009
UB Group's new venture
Mallya’s UB Group will hold a 55% stake in UB City -the Collection, a Bangalore shopping mall exclusivelyretailing luxury brandsAfter starting a premium airline and buying one of the world’s oldestscotch-whisky makers, flamboyant Indian tycoon Vijay Mallya announcedon 6 November a new venture in high-end retail.
Mallya’s UB Group, the world’s third-largest maker of alcoholic spirits,will hold a 55% stake in UB City - the Collection, a Bangalore shopping mallexclusively retailing luxury brands, the company said on 6 November.
Mallya, 51, the self-styled "king of good times," managed to rope in France’sLouis Vuitton as one of the anchor tenants of the mall, to be located on No. 1,Vittal Mallya Road, named after his late father and due to open in early 2008.
"It has been purely driven by the vision of Mallya, who calls it a valueproposition," said Irfan Razack, chairman and managing director of theproperty group Prestige, which will hold the remaining 45% stake inthe venture.
"It will be an iconic landmark of Bangalore -- like what the PetronasTowers is to Kuala Lumpur," said Razack, estimating the cost of theproject at Rs300 crore ($76.26 million). "It will be an opportunity totap high networth individuals."
Other brands who have signed on for space in the 1.5 million squarefeet complex are Gucci, Fendi, Mont Blanc, Van Cleef & Arpels, Zegna,Rolex and Omega.
The Venetian-style project will include a 250-room JW Marriot hotel,serviced apartments and office space, already leased to Citigroup,Toyota, ABN Amro, Jones Lang LaSalle, 3M, Ernst and Young and Yahoo!.
Mallya this year splurged 595 million pounds (869 million euros, $1.181billion) to buy Whyte and Mackay, a 163-year-old scotch whisky maker,two years after starting an airline named after his flagship beer, Kingfisher
Mallya’s UB Group, the world’s third-largest maker of alcoholic spirits,will hold a 55% stake in UB City - the Collection, a Bangalore shopping mallexclusively retailing luxury brands, the company said on 6 November.
Mallya, 51, the self-styled "king of good times," managed to rope in France’sLouis Vuitton as one of the anchor tenants of the mall, to be located on No. 1,Vittal Mallya Road, named after his late father and due to open in early 2008.
"It has been purely driven by the vision of Mallya, who calls it a valueproposition," said Irfan Razack, chairman and managing director of theproperty group Prestige, which will hold the remaining 45% stake inthe venture.
"It will be an iconic landmark of Bangalore -- like what the PetronasTowers is to Kuala Lumpur," said Razack, estimating the cost of theproject at Rs300 crore ($76.26 million). "It will be an opportunity totap high networth individuals."
Other brands who have signed on for space in the 1.5 million squarefeet complex are Gucci, Fendi, Mont Blanc, Van Cleef & Arpels, Zegna,Rolex and Omega.
The Venetian-style project will include a 250-room JW Marriot hotel,serviced apartments and office space, already leased to Citigroup,Toyota, ABN Amro, Jones Lang LaSalle, 3M, Ernst and Young and Yahoo!.
Mallya this year splurged 595 million pounds (869 million euros, $1.181billion) to buy Whyte and Mackay, a 163-year-old scotch whisky maker,two years after starting an airline named after his flagship beer, Kingfisher
Subscribe to:
Posts (Atom)