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Air India pilots defer strike by six days
Air India pilots, protesting management"s moves to cut their salaries and allowances, today deferred their strike threat from November 24 by six days, even as the conciliation talks remained inconclusive.

Govt moves to end cane price politics
Raising the price at which sugar mills are mandated to purchase sugarcane from farmers, over that fixed by the Centre, could punch a hole in the pockets of states. The Union government has said that anything that the state mandates above the centre-assigned price will have to be paid by the state.

News of the day

India Cements to set up two power plant of 50 Mw each
India Cements today said it will set up two thermal power plants of about 50 Mw capacity each in Tamil Nadu and Andhra Pradesh for internal consumption.
Home Business

GVK Power Q3 net zooms two fold to Rs 46 cr

GVK Power & Infrastructure today said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal. - Ackruti City Q3 net jumps four fold to Rs 77 cr - J-K Bank Q3 net rises 19% to Rs 139 cr - Kalpataru Power Q3 net up 121% at Rs 44 cr - Man Ind"s Q3 net profit up ten-fold at Rs 30.92 cr - Alok Ind Q3 net profit up 16.5% at Rs 58 crore - PTC Q3 net dips 33% to Rs 15 cr Net sales of the company increased to Rs 473.50 crore for the latest quarter against Rs 104.34 crore for the same period last fiscal, GVK Power & Infrastructure said in a filing to the Bombay Stock Exchange (BSE). For the nine months ended December 31, 2009, the company posted a net profit of Rs 122.76 crore against Rs 93.31 crore for the same period last fiscal. On standalone basis the company reported net profit of Rs 6.58 crore against Rs 3.30 crore for the same period a year ago.


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