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Rallis India Sep qtr net up 9.9% to Rs 45.71 cr
Tata Group firm Rallis India today reported 9.90 per cent rise in its net profit at Rs 45.71 crore for the quarter ended September 30.

Lalgarh shows why Naxalism is growing
The road to Lalgarh, in the heart of West Bengal’s Naxal badlands, is now secure. But it is still a distance too far for many of the districts" administrators to travel.

News of the day

HDFC: Cashing in at the right time
The cost at which home loan major HDFC is borrowing Rs 4,000 crore — 7.15 per cent for two years and 7.85 per cent for three years — is very reasonable. The money will come in handy for the company to subscribe to warrants of HDFC Bank for an estimated amount of Rs 3,600 crore. The qualified institutional buyers (QIBs) who have bought the non-convertible debentures (NCDs) are also entitled to warrants, which can be converted into shares within three years at Rs 3,265 per share.
Management

Grasim Ind consolidated net up 56%

Grasim Industries, part of the Aditya Birla Group, has posted an increase of 56 per cent in its consolidated net profit for the quarter ended December, at Rs 715 crore compared with Rs 460 crore in the corresponding previous quarter. The company"s consolidated net revenue grew to Rs 4,844 crore, up 5 per cent during the period from Rs 4,610 crore last year. - Grasim consolidated Q3 net up 56%">Grasim consolidated Q3 net up 56% - FII-TO-FII TRADES: PNB traded at 7% premium - FII-TO-FII TRADES: PNB traded at 5% premium - Aditya Birla PE announces first closure, raises Rs 675 cr - Aditya Birla Capital Advisers raises Rs 675 cr - UltraTech Cement net dips 18% to Rs 196 cr Higher volumes and lower input prices were the key growth drivers for the company"s quarterly performance. On a standalone basis, the net profit for the December quarter stood at Rs 595.88 crore against Rs 329.56 crore last year, up 80 per cent. The net sales on the standalone front was Rs 3,051.89 crore compared with Rs 2,658.77 crore, up 14.79 per cent. The company"s cement segment, which contributes to three-fourths of the revenue, is undergoing restructuring.


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