Firstsource Solutions Sees A 33% To 38% Topline Growth In FY09 - July 31 , 2008

Firstsource Solutions has registered net total income of Rs 409.6 crore in Q1. Firstsource Solutions sees a 33% to 38% topline growth in FY09. Firstsource is looking at a lot of initiatives in terms of productivity improvements, which are already in place. The operating leverage is also kicking in its revenues growth. So, Firstsource expect about a 150-200 bps of improvement in our operating margins over the next few quarters.

Suzlon Energy Ltd Announces Quarter Results - July 31 , 2008

Suzlon Energy Ltd has announced the following Un-Audited results for the quarter ended June 30, 2008:

The Company has posted a net profit after tax for the period of Rs 880.40 million for the quarter ended June 30, 2008 as compared to Rs 894.00 million for the quarter ended June 30, 2007. Total Income has increased from Rs 8629.00 million for the quarter ended June 30, 2007 to Rs 14962.80 million for the quarter ended June 30, 2008.

The Unaudited Consolidated results are as follows:

The Group has posted a Net Profit after share in associates profit & minority interest of Rs 13.50 million for the quarter ended June 30, 2008 as compared to Rs 188.90 million for the quarter ended June 30, 2007. Total Income has increased from Rs 19872.70 million for the quarter ended June 30, 2007 to Rs 28346.20 million for the quarter ended June 30, 2008.

Tata Communications Announces Q1 Results - July 30, 2008

Tata Communications Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 983.40 million for the quarter ended June 30, 2008 as compared to Rs 1296.50 million for the quarter ended June 30, 2007. Total Income has increased from Rs 8877.20 million for the quarter ended June 30, 2007 to Rs 9212.90 million for the quarter ended June 30, 2008.

Bombay Dyeing Q1 Net Loss At Rs 48.34 Cr - July 30 , 2008

MUMBAI: Apparel maker Bombay Dyeing & Manufacturing Co on Wednesday announced a net loss of Rs 48.34 crore for the first quarter ended June 30, against a net profit of Rs 32.18 crore in the same period previous fiscal.

The total income rose to Rs 335.06 crore in the June quarter, from Rs 133.58 crore in Q1 of FY'08, the Nusli Wadia-led firm said in a filing to the Bombay Stock Exchange.

The figures of the quarter are not comparable with that of the corresponding period previous fiscal as the company commenced the commercial production of polyester staple fibre from October last year, it said.

Shares of the company were trading at Rs 628, up 2.26 per cent in the morning trade on the BSE.

India Infoline Announces Q1 Results - July 29 , 2008

India Infoline Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a profit after tax of Rs 411.838 million for the quarter ended June 30, 2008 as compared to loss after tax of Rs 139.475 million for the quarter ended June 30, 2007. Total Income has increased from Rs 791.759 million for the quarter ended June 30, 2007 to Rs 1689.910 million for the quarter ended June 30, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended June 30, 2008
The Group has posted a net profit after tax of Rs 495.391 million for the quarter ended June 30, 2008 as compared to net loss after tax of Rs 72.089 million for the quarter ended June 30, 2007. Total Income has increased from Rs 1334.111 million for the quarter ended June 30, 2007 to Rs 2690.453 million for the quarter ended June 30, 2008.

Akruti City Announces Q1 Results - July 29 , 2008

Akruti City Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 1714.10 million for the quarter ended June 30, 2008 as compared to Rs 459.70 million for the quarter ended June 30, 2007. Total Income has increased from Rs 715.60 million for the quarter ended June 30, 2007 to Rs 2410.10 million for the quarter ended June 30, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended June 30, 2008
The Group has posted a net profit of Rs 1709.00 million for the quarter ended June 30, 2008 as compared to Rs 444.80 million for the quarter ended June 30, 2007. Total Income has increased from Rs 706.20 million for the quarter ended June 30, 2007 to Rs 2388.60 million for the quarter ended June 30, 2008.

Divis Laboratories Announces Q1 Resultsa - July 28 , 2008

Divis Laboratories Ltd has announced the following Un-Audited results for the quarter ended June 30, 2008:

The Company has posted a net profit for the period of Rs 964.80 million for the quarter ended June 30, 2008 as compared to Rs 672.80 million for the quarter ended June 30, 2007. Total Income has increased from Rs 2311.30 million for the quarter ended June 30, 2007 to Rs 2712.60 million for the quarter ended June 30, 2008.

The Unaudited Consolidated results are as follows:

The Group has posted a Net Profit for the period of Rs 943.30 million for the quarter ended June 30, 2008 as compared to Rs 649.00 million for the quarter ended June 30, 2007. Total Income has increased from Rs 2301.10 million for the quarter ended June 30, 2007 to Rs 2686.30 million for the quarter ended June 30, 2008.

Union Bank Of India Q1 Net Up Marginally At Rs 228 Crore - July 28 , 2008

Union Bank of India on Friday announced a net profit of Rs 228.29 crore for the first quarter of this financial year, a marginal growth of 1.41 per cent over the corresponding period a year ago.The firm had posted a net profit of Rs 225.10 crore for the quarter ended June 30, 2007, Union Bank said in a filing to the Bombay Stock ExchangeTotal income of the company rose to Rs 2,754.88 crore for the quarter ended June 30, 2008, from Rs 2,289.48 crore in the previous fiscal.

I-Flex Q1 Net Up 3 Fold At Rs 105 Cr - July 28 , 2008

i-flex Solution reported consolidated net profit of Rs 105.56 crore for the quarter ended June 30, 2008, a nearly three fold jump from its corresponding period a year-ago. The group had posted a net profit of Rs 36.71 crore for the quarter ended June 30, 2007, i-flex Solutions said in a filing to the Bombay Stock Exchange.

i-flex Solutions posted a standalone net profit of Rs 92.18 crore for the quarter ended June 30, against Rs 58.20 crore for the same quarter last year, an increase of 58.38 per cent over a year-ago period. Total income of the group increased to Rs 631.83 crore for the quarter ended June 30, from Rs 513.34 crore for the previous fiscal. Standalone income of i-flex Solutions rose to Rs 462.80 crore for the first quarter of this financial year from Rs 384.64 crore for the quarter ended June 30, 2007.

RNRL Announces Q1 Results - July 26 , 2008

Reliance Natural Resources Ltd (RNRL) has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 160.726 million for the quarter ended June 30, 2008 as compared to Rs 150.478 million for the quarter ended June 30, 2007. Total Income has increased from Rs 652.917 million for the quarter ended June 30, 2007 to Rs 929.191 million for the quarter ended June 30, 2008.

Himadri Chemicals & Industries Net Profit Risesa - July 26 , 2008

Net profit of Himadri Chemicals & Industries rose 13.44% to Rs 21.01 crore in the quarter ended June 2008 as against Rs 18.52 crore during the previous quarter ended June 2007. Sales rose 20.74% to Rs 91.50 crore in the quarter ended June 2008 as against Rs 75.78 crore during the previous quarter ended June 2007.

Mangalore Chemicals & Fertilizers Net Profit Declines - July 26 , 2008

Net profit of Mangalore Chemicals & Fertilizers declined 26.35% to Rs 5.17 crore in the quarter ended June 2008 as against Rs 7.02 crore during the previous quarter ended June 2007. Sales rose 48.40% to Rs 494.47 crore in the quarter ended June 2008 as against Rs 333.21 crore during the previous quarter ended June 2007.

Serial Blasts Rock Bangalore

A woman was killed and at least six people were injured in a series of six low-intensity blasts carried out in eastern parts of the information technology capital this afternoon.

The woman, who was waiting at a bus shelter in Madivala on the Bangalore-Hosur road, was killed in the blast and her husband and another person were seriously injured, police said.

Bangalore was rocked by a major terrorist attack in December, 2005 when extremists opened fire in the famous Indian Institute of Science complex in which a Delhi IIT professor lost his life.

There were also blasts in other areas like Panthrapalya, Audugodi and Vittal Mallya Road within minutes of each other from the first blast at around 1330 hours.

Police Commissioner Shankar Bidari appealed to the people of the city to maintain calm and carry on with their normal life as police have been put on alert throughout the city.

He said timer device has been used in some of the blasts and explosives in quantity equivalent to one or two hand grenades have been used in some others.

Bidari termed it as an "act of miscreants" trying to disturb peace in Bangalore and appeared pre-planned. "We will get to the criminals and arrest them," he said.

Bomb disposal squads and forensic experts have rushed to the spot for investigations.

Chronology of some recent major bomb blasts in the country:

May 13, 2008: Eight serial blasts rock Jaipur in a span of 12 minutes leaving 65 dead and over 150 injured.

January 2008: Terrorist attack on CRPF camp in Rampur kills eight.

October 2007: 2 killed in a blast inside Ajmer Sharif shrine during Ramadan, in Rajasthan.

August 2007: 30 dead, 60 hurt in Hyderabad 'terror' strike.

May 2007: A bomb at Mecca mosque in Hyderabad kills 11 people.

February 19, 2007: Two bombs explode aboard a train bound from India to Pakistan, burning to death at least 66 passengers, most of them Pakistanis.

September 2006: 30 dead and 100 hurt in twin blasts at a mosque in Malegaon.

July 2006: Seven bombs on Mumbai's trains kill over 200 and injure 700 others.

March 2006: Twin bombings at a train station and a temple in Varanasi kill 20 people.

October 2005: Three bombs placed in busy New Delhi markets a day before Diwali kill 62 people and injure hundreds.

Hindustan Zinc Announces Q1 Results - July 25, 2008

Hindustan Zinc Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 8478.10 million for the quarter ended June 30, 2008 as compared to Rs 12113.60 million for the quarter ended June 30, 2007. Total Income has decreased from Rs 22660.60 million for the quarter ended June 30, 2007 to Rs 18530.40 million for the quarter ended June 30, 2008.

Exide Industries Announces Q1 Results - July 25 , 2008

Exide Industries Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit after tax of Rs 822.00 million for the quarter ended June 30, 2008 as compared to Rs 701.10 million for the quarter ended June 30, 2007. Total Income has increased from Rs 6645.80 million for the quarter ended June 30, 2007 to Rs 9088.80 million for the quarter ended June 30, 2008.

Indiabulls Financial Announces Q1 Results - July 25, 2008

Indiabulls Financial Services Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 1051.097 million for the quarter ended June 30, 2008 where as the same was at Rs 518.215 million for the quarter ended June 30, 2007. Total Income is Rs 4655.861 million for the quarter ended June 30, 2008 where as the same was at Rs 1136.489 million for the quarter ended June 30, 2007.

The Consolidated Results are as follows

The consolidated results for the Quarter ended June 30, 2008
The Group has posted a net profit after tax and minority interest of Rs 1468.202 million for the quarter ended June 30, 2008 where as the same was at Rs 1531.720 million for the quarter ended June 30, 2007. Total Income is Rs 5646.112 million for the quarter ended June 30, 2008 where as the same was at Rs 4428.312 million for the quarter ended June 30, 2007.

Figures for the prior year / periods have been regrouped and / or reclassified wherever considered necessary, except for the effect of discontinued operations pursuant to the demerger of the securities broking and advisory services business (a part of Fee Income) to Indiabulls Securities Ltd and the merger of Indiabulls Credit Services Ltd with the company. Figures for the current quarter and previous year are post demerger/merger and figures for previous quarter are pre demerger/merger and are not comparable.

Bharti Airtel Q1 Net Up 34%, Beats Forecast -July 24, 2008

NEW DELHI: Bharti Airtel Ltd, India's top mobile operator, beat forecasts on Thursday with a 34 percent rise in quarterly profit as it rode a boom in the world's fastest growing wireless market.

Bharti, about 30 percent owned by Southeast Asia's top phone firm, SingTel, said consolidated net profit rose to Rs 2,025 crores ($484 million) under US accounting rules in its fiscal first quarter ended June, from Rs 1,512 crore a year earlier.

A news agency poll of 12 brokerages had forecast a net profit of Rs 1,934 crore for Bharti, which had 69.4 million mobile subscribers at end-June, up 63 percent from a year earlier. Bharti provides mobile services on the popular GSM platform in all of India's 23 service areas and accounts for nearly a quarter of the country's total mobile users.

Aztecsoft Posts Q1 Net Loss At Rs 9.29 Cr On Rupee Volatility - July 24, 2008

MUMBAI: Software engineering services provider Aztecsoft on Thursday announced consolidated net loss of Rs 9.29 crore for the quarter ended June 30, on account of rupee depreciation and global uncertainties.

The company had posted net profit after tax at Rs 5.7 crore for the quarter ended June 30, 2007, Aztecsoft said in a filing to the Bombay Stock Exchange. "The sudden depreciation of the rupee resulted in a non-cash charge of Rs 22.24 crore being provisioned on outstanding derivative instruments.

Consequently, the company has reported a net loss of Rs 9.29 crore for the quarter and expects this provision to reverse during subsequent quarters," the company said. It registered a consolidated revenue of Rs 76.77 crore for the quarter ended June 30, a growth of 12 per cent over the corresponding period a year ago.

"We are pleased that even in the current uncertain global economic conditions, we have had another satisfying quarter with about 12 per cent sequential growth in rupee terms."

Aztecsoft Chairman K B Chandrashekhar said. During the quarter, Mindtree Ltd announced its intention to acquire Aztecsoft Ltd. MindTree expects to complete the open offer process by the end of July and the company would thereafter become a subsidiary of MindTree.

Aztecsoft added six new clients taking the total active client count to 75 and on the human capital front the company had a total headcount of 2050 as of June 30, 2008. Shares of the company were trading at Rs 66, down 4.21 per cent on the BSE.

Ambanis May Be At War, But Not Their Staff - July 23, 2008

MUMBAI: Three years after a rather bitter separation, the Ambani brothers are still at loggerheads over a host of issues. Among them is the supply of gas from the Krishna Godavari basin and most recently, over the deal between Reliance Communications and MTN. While these are large issues, there are still areas where things have been moving along smoothly. Sharing office space is one of them.

To go back in time, the demerger of businesses, which was announced in mid-2005, also resulted in which Ambani group would occupy which office property. This would be split between the Anil Dhirubhai Ambani Group (ADAG) and Mukesh’s group. The Ballard Estate office in South Mumbai — Reliance Centre — became the headquarters for Anil while brother Mukesh operated from the Maker IV office in Nariman Point.

While most issues relating to office space have been thrashed out, it now transpires that around 80 employees from Mukesh’s Reliance Industries Limited (RIL) are housed in brother Anil’s Reliance Centre office. Likewise, around 30 employees of ADAG continue to work out of the Maker IV establishment owned by brother Mukesh. Interestingly, the Dhirubhai Ambani Knowledge City (DAKC) premises in Navi Mumbai was at the centre of a dispute a while ago. While it was home to Anil’s Reliance Communications, it still had a large number of employees working for Mukesh. The separation was rather bitter, with RIL learning that many of its employees were asked to leave the DAKC premise at short notice.

Of course, in the midst of all this, there is still time for some friendship and respect for one’s privacy. “The past three years, have taught us to differentiate between work and friendship,” says an employee, who spoke on condition of anonymity. So, if you get a chance to step into the Ballard Estate office, it is not uncommon to see employees from both the groups sharing a meal or a cup of tea. In the midst of all this, there is still scope for a confidential conversation which is often in hushed tones.

Apart from just work, these employees are also neighbours at home. For instance, Chaitanya Towers in Prabhadevi and Naperol Towers in Wadala — both are upmarket properties located in Central Mumbai — are home to officials from both the groups. Their children go to the same school and share the same sporting and recreational facilities in the residential complexes.

Since, these employees worked for a long time in the unified Reliance Group for many years, they have made it a point to stick together as buddies. The probability of them getting to work together by the same car or watching a film too are things that cannot be ruled out. For these folks, it’s work as usual and more importantly, life as usual. Separation or no separation.

Bajaj Hindusthan To Announce Q3 Results - July 23 , 2008

The board meeting of Bajaj Hindusthan will be held on 31 July 2008 to take record on the unaudited financial results for the third quarter ended on 30 June 2008 (Q3) of the financial year 2007-08.

ING Vysya Bank Net Profit Up 40% At Rs 41 Cr - July 22 , 2008

ING Vysya Bank, private sector lender, on July 21 posted a net profit of Rs 40.63 crore for the first quarter ended June 30, 2008, a 60 per cent jump over the same quarter a year ago. The bank had a net profit of Rs 25.32 crore for the quarter ended 30 June 2007, ING Vysya Bank said in a release.

Bangalore-based bank''s total income rose by 51 per cent to Rs 285 crore for the latest quarter, from Rs 189 crore in the year-ago period.The board also approved the appointment of former SEBI Chairman M Damodaran as non-executive and non- independent Director of the bank.Net Interest Income (NII) for the quarter increased by 52 per cent to Rs 157.97 crore against Rs 103.84 crore in the corresponding quarter a year ago.

However, provision and contingencies increased to Rs 41.43 crore from Rs 15.89 crore, due to higher risk costs and depreciation in the banks investment portfolio.As on June 30, the Capital Adequacy Ratio stood at 10.38 per cent. Deposits grew by 24 per cent to Rs 20,381 crore as at the end of June 2008 from Rs 16,487 crore as at end of June 2007. Advances increased by 22 per cent to Rs 14,433 crore at the end of first quarter against Rs 11,810 crore same quarter last year.

Quarter Result Of United Spirits - July 22 , 2008

United Spirits Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 1171.30 million for the quarter ended June 30, 2008 as compared to Rs 875.80 million for the quarter ended June 30, 2007. Total Income has increased from Rs 7705.70 million for the quarter ended June 30, 2007 to Rs 10205.70 million for the quarter ended June 30, 2008.

Quarter Result Of Bharat Heavy - July 22 , 2008

Bharat Heavy Electricals Ltd (BHEL) has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 3844.10 million for the quarter ended June 30, 2008 as compared to Rs 2889.10 million for the quarter ended June 30, 2007. Total Income has increased from Rs 34402.40 million for the quarter ended June 30, 2007 to Rs 46209.80 million for the quarter ended June 30, 2008.

Quarter Result Of Essar Shipping - July 21, 2008

Essar Shipping Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 29, 2008, inter alia, to consider and approve the un-audited Financial Results of the Company for the first quarter ended June 30, 2008 (Q1).

Quarter Result Of Television Eighteen - July 21, 2008

Television Eighteen India Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 29, 2008, inter alia, to consider and take on record the following:

1. Audited Annual Accounts of the Company for the year ended March 31, 2008; and

2. Un-audited Financial Results of the Company for the quarter ended June 30, 2008,(Q1).

Rishi Laser To Announce Financial Results - July 19, 2008

The board meeting of Rishi Laser will be held on 29 July 2008 to consider the un-audited financial results for the quarter ended 30 June 2008.

Satyam Net Rises 45% To Rs 548 Cr - July 19, 2008

HYDERABAD: India’s fourth-largest software exporter, Satyam Computer Services on Friday delivered better-thanforecast results for the April-June quarter, but failed to impress the markets, which mauled the company’s stock on fears triggered by weak volume growth and tepid hiring.

Satyam Computer Services also maintained its dollar revenue guidance for the full fiscal and upped by nearly a tenth its revenue expectations in rupees as the Indian currency lost ground against the greenback.

Net profit for the first quarter was up year-on-year by 44.8% to Rs 547.7 crore on a 43.2% increase in revenue to Rs 2,620.8 crore. Satyam had forecast revenue between Rs 2,500 crore and Rs 2,512.5 crore.

Earnings per share, at Rs 8.16, topped the Rs 7.68, the upper end of its guidance, said Satyam. Volume growth was unusually slow at 3%, Satyam’s volume rose by 8.78% during January-March, and the company only added 651 associates in Q1, compared with 1,122 in the previous one.

The Satyam stock fell 7.5% to close at Rs 382.95 on BSE on Friday even as the benchmark Sensex rose by nearly 4%.
“We will be able to deliver our stated guidance notwithstanding the operational environment.

This quarter, we had a loss of animation business in BPOs, which led to a slower-than-expected growth rate. This loss is transient and is limited to Q1,” chairman B Ramalinga Raju said.

As against its previous revenue growth guidance of 23.9-25 .9% for fiscal 2009, the company said the topline would accelerate by 32-34 .1% to Rs 11,181-11 ,363 crore on better margins and favourable exchange rate movements . The guidance has been assuming an exchange rate of Rs 42.88 to a dollar.

Mr Raju said the Hyderabad-based company was looking at opportunities in retail and transportation sectors, where there was greater need for operational efficiency in the near term.

Wipro Q1 Net Up 25% To Rs 908 Cr - July 19 , 2008

BANGALORE: India’s third-largest software services exporter Wipro on Friday cited global economic uncertainty as a major concern and said it expected only a modest 2% sequential growth in revenue for its IT services business during the July-September quarter.

For the first quarter of FY09, Wipro’s mainstay IT services business recorded a revenue of Rs 4,404.5 crore, showing a quarter on quarter growth of 6.9%, similar to that of Infosys and higher than TCS.

Significantly, perhaps for the first time, Wipro saw a degrowth in headcount addition during the first three months of the fiscal even as it bettered larger rivals TCS and Infosys in sequential revenue growth rate in dollar terms.

“With oil prices spiralling out of control, we continue to see a lot of uncertainty. Our focus is to retain close proximity with customers and partner with them in their business priorities,” Wipro chairman Azim Premji said.

In dollar terms, Wipro’s IT services business grew by 3.5% compared with 1.1% for Infosys and 0.3% for TCS. Wipro had provided a revenue guidance of $1,060 million for the first quarter, achieving $1,067 million.

Following organisational restructuring during the last fiscal, Wipro has divided its IT business into services and products. However, for the second quarter of the current fiscal, Wipro said it expected revenue at its IT services segment to grow 2% sequentially. In comparison, city-based rival Infosys has projected a 6% rise in topline.

“We think it will be a short-term blip and the second half of the fiscal will be better than the first half. Any slowdown has historically been helpful towards offshoring and that is our belief,” Girish Paranjpe, a joint CEO of Wipro’s IT business, said.

Suresh Vaswani, also a joint CEO of the IT business, was of the view that “it (slowdown) is a great opportunity for players to engage in the transformational side of the business and we are investing in a global programme in helping our customers.”

On a consolidated basis, including its consumer care & lighting and IT products businesses, Wipro reported a 43% year-on-year increase in revenue to Rs 5,966.8 crore while net profit was up by a fourth to Rs 907.8 crore.

The Wipro scrip closed at Rs 365.55 on BSE on Friday, showing a decline of 3.75% even as the benchmark Sensex gained nearly 4%. Though the first quarter did not see any major improvement in operating margins or buoyancy in the pricing environment, CFO Suresh Senapaty said price realisation had gone up by 3% Q-o-Q due to better price negotiation, newer customers coming at higher price, improved realisation on fixed price projects and better value offerings.

Wipro officials said the pricing environment is expected to remain stable for rest of the fiscal. On forex hedging, Wipro recorded a loss of Rs 67 crore during the quarter, though it added that it had a net gain of 0.1% on its operating profit.

Wipro announces Q1 results - July 18, 2008

Wipro Ltd has announced the following Audited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 5460 million for the quarter ended June 30, 2008 where as the same was at Rs 6714 million for the quarter ended June 30, 2007. Total Income is Rs 48074 million for the quarter ended June 30, 2008 where as the same was at Rs 37768 million for the quarter ended June 30, 2007.

The Audited consolidated results for the Quarter ended June 30, 2008

The Group has posted a net profit of Rs 9078 million for the quarter ended June 30, 2008 where as the same was at Rs 7256 million for the quarter ended June 30, 2007. Total Income is Rs 60871 million for the quarter ended June 30, 2008 where as the same was at Rs 43032 million for the quarter ended June 30, 2007.

During the quarter ended March 31, 2008, pursuant to the scheme of amalgamation Wipro Infrastructure Engineering Ltd (''WIN''), Quantech Global Services Ltd (''Quantech''),
Wipro Healthcare IT Ltd (''WHCIT''), mPower Software Services India Pvt Ltd (''mPower''), mPact Technology Service Pvt Ltd (''mPact'') and cMango India Pvt Ltd (''cMango'') were merged with the Company with retrospective effect from April 01, 2007, the appointed date. However, since the relevant Court order was only received during the quarter ended March 31, 2008, the financial results for the quarter ended June 30, 2007 have been reported without considering the effect of these mergers. The comparative numbers for the quarter ended June 30, 2007 presented in these financial statements have also not been restated to reflect the merger from the appointed date. Accordingly, the current quarter numbers are not comparable with those of the quarter ended June 30, 2007.

Satyam Computer announces Q1 results - July 18, 2008

Satyam Computer Services Ltd has announced the following Audited results for the quarter ended June 30, 2008:

The Company has posted a profit after taxation of Rs 5759.10 million for the quarter ended June 30, 2008 as compared to Rs 3891.40 million for the quarter ended June 30, 2007. Total Income has increased from Rs 18209.30 million for the quarter ended June 30, 2007 to Rs 25565.20 million for the quarter ended June 30, 2008.

The Unaudited Consolidated results as per Indian GAAP are as follows:

The Group has posted a Profit after taxation & minority interest as per Indian GAAP of Rs 5477.00 million for the quarter ended June 30, 2008 as compared to Rs 3783.20 million for the quarter ended June 30, 2007. Total Income has increased from Rs 18933.90 million for the quarter ended June 30, 2007 to Rs 26539.50 million for the quarter ended June 30, 2008.

The Unaudited Consolidated results as per US GAAP are as follows: (US $ million)

The Group has posted a Net Income of $ 126.6 million for the quarter ended June 30, 2008 as compared to $ 93.1 million for the quarter ended June 30, 2007. Revenues have increased from $ 452.3 million for the quarter ended June 30, 2007 to $ 637.3 million for the quarter ended June 30, 2008.

HMT to announce Q1 results - July 17, 2008

The board meeting of HMT will be held on 30 July 2008 to consider and approve the unaudited financial results of the company for the quarter ended 30 June 2008 (Q1).

LIC Housing - Q1 results on Jul 21, 2008 - July16,2008

LIC Housing Finance Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 21, 2008, to consider Unaudited Financial results for the First Quarter ended June 30, 2008 (Q1).

Excise duty mop up growth slows down in Q1 - July 15, 2008

The Centre''s excise duty mop up went up by 2.8 per cent in the first quarter of the current fiscal, lower than the 6.9 per cent growth recorded in the first quarter of 2007. The excise collections in April-June 2008 was Rs 25,882 crore, a 2.8 per cent hike over excise collections of Rs 25,183 crore in the same period last year. Excise duty collections in April-June 2007 stood at Rs 25,183 crore, reflecting a 6.9 per cent increase over collection level of Rs 23,560 crore during April-June 2006. In June 2008, the Centre''s excise duty collections were Rs 9,889 crore compared with Rs 9,335 crore in the same month last year.

For 2008-09, the Centre has pegged the excise duty budget estimate at Rs 1,37,874 crore, which represented an increase of 5.9 per cent over the budget estimate of Rs 1,30,220 crore for 2007-08. On the other hand, the Centre''s customs duty collections continued to be buoyant on the back of higher international oil prices and weakening rupee against the US dollar. In April-June 2008, the Centre''s customs duty collections grew 20.9 per cent at Rs 28,459 crore compared with Rs 23,540 crore. The growth rate in customs duty collections in the first quarter of 2007-08 was 19.63 per cent. Customs duty collections in June 2008 stood at Rs 9,236 crore (Rs 8,171 crore). Meanwhile, service tax collections grew 33.6 per cent in April-May 2008 at Rs 9,774 crore (Rs 7,314 crore). Service tax collections in May 2008 stood at Rs 3,653 crore (Rs 2,963 crore)

Engineers India - Q1 Results On Jul 25, 2008 - July 14, 2008

Engineers India Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 25, 2008, inter alia, to consider and take on record the Unaudited Financial Results of the Company for the first quarter ended on June 30, 2008 (Q1).

AXIS Bank Announced The Unaudited Results - July 14, 2008

AXIS Bank Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The results for the Quarter ended June 30, 2008The Bank has posted a net profit of Rs 3301.40 million for the quarter ended June 30, 2008 as compared to Rs 1749.80 million for the quarter ended June 30, 2007. Total Income has increased from Rs 18792.90 million for the quarter ended June 30, 2007 to Rs 28912.40 million for the quarter ended June 30, 2008.

Lakshmi Machine - Q1 Results On Jul 23, 2008 - July 14, 2008

Lakshmi Machine Works Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 23, 2008, inter alia, to consider and take on record the unaudited financial results of the Company for the quarter ended June 30, 2008 (Q1).

Network To Announce Financial Results - July 12, 2008

The board meeting of Network will be held on 22 July 2008 to approve the un-audited financial results for the quarter ended 30 June 2008 and to consider the draft scheme of amalgamation, share exchange ratio, etc., relating to the aforesaid amalgamation

Sunteck Realty To Announce Financial Results - July 12, 2008

The board meeting of Sunteck Realty will be held on 17 July 2008 to consider the unaudited results for the quarter ended on 30 June 2008.

Zee Entertainment Enterprises To Announce Q1 Results - July 12, 2008

The board meeting of Zee Entertainment Enterprises will be held on 23 July 2008 to approve un-audited financial results of the company for 1st quarter ended 30 June 2008 (Q1).

Quarter Results Of Torrent Power Ltd - July 11, 2008

Torrent Power Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 30, 2008, inter alia, to consider the un-audited financial results for the quarter ended on June 30, 2008 (Q1).

Quarter Results Of BEML Ltd - July 11, 2008

BEML Ltd has informed that the a meeting of the Board of Directors of the Company will be held on July 18, 2008, to consider and approve the Quarterly Financial Results for the fourth quarter ended March 31, 2008 along with the Financial Statements for the year ended March 31, 2008 (Profit and Loss Account and Balance Sheet with Schedules).

Quarter Results Of Bank Of India - July 11, 2008

Bank of India has informed that a meeting of the Board of Directors of the Bank will be held on July 21, 2008, inter alia, to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2008 (Q1).

Quarter Results of GVK Power & Infrastructure - July 10, 2008

GVK Power & Infrastructure Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 29, 2008, inter alia, to consider and take on record the Un-audited Financial Results of the Company for the Quarter ended June 30, 2008 (Q1).

Quarter Results Of GlaxoSmithKline Pharmaceuticals - July 10, 2008

GlaxoSmithKline Pharmaceuticals Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 28, 2008, inter alia, to consider, the approval of unaudited financial results for the quarter April - June 2008 (Q2) half-year January - June 2008.

Quarter Results of Jaiprakash Associates - July 10, 2008

Jaiprakash Associates Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 18, 2008, inter-alia, to consider the following:

1. Un-audited Financial Results of the Company for the Quarter ended June 30, 2008 (Q1) and

2. Issue of Warrants to Promoters / Promoters Group on preferential basis.

Canara Bank Informes The Unaudited Financial Results - July 9, 2008

Canara Bank has informed that a meeting of the Board of Directors of the Bank will be held on July 21, 2008, inter alia, to approve the Unaudited Financial Results for the Quarter ended June 30, 2008 (Q1).

Asian Paints Informes Financial Results Of The Company - July 8 , 2008

Asian Paints Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 22, 2008, inter alia, to consider the following:

1. To consider and approve the audited financial results of the Company for the quarter June 30, 2008 (Q1).

2. To consider and approve the unaudited consolidated financial results of the Company for the quarter ended June 30, 2008.

Kennametal India Publish The Audited Financial Results - July 9, 2008

Kennametal India Ltd has informed that the Company will be publishing the audited financial results for the quarter and year ended June 30, 2008 within a period of 3 months of the end of the financial year (i.e. on or before September 30, 2008).

Tata Teleservices Maharashtra To Announce Q1 Results - July 8, 2008

The board meeting of Tata Teleservices Maharashtra will be held on 16 July 2008 to consider the audited financial results for the quarter ended 30 June 2008 (Q1).

Titan Industries - Q1 Results On Jul 31, 2008 - July 7, 2008

Titan Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 31, 2008, to consider and approve the Unaudited Financial Results (stand alone) for the first quarter ended June 30, 2008 (Q1).

BPCL - Q1 Results On Jul 28, 2008 - July 7, 2008

Bharat Petroleum Corporation Ltd (BPCL) has informed that a meeting of the Board of Directors of the Company will be held on July 28, 2008, inter-alia, to take on record theUnaudited Financial Results (Provisional) for the quarter ended June 30, 2008.

Jyothy Laboratories - FY 08 Results By Sep 30, 2008 - July 7, 2008

Jyothy Laboratories Ltd has informed that the management has decided to adopt and publish Audited Financial Results of the Company within 3 months of completing of the Financial Year.Therefore, the Company would be adopting and publishing the Audited Financial Results of the Company on or before September 30, 2008.

Kanani Industries To Announce Financial Results - July 2, 2008

The board meeting of Kanani Industries will be held on 07 July 2008 to take record on the unaudited financial results for the quarter ended 30 June 2008.

MMTC Ltd Announced The Audited Results - July 1, 2008

MMTC Ltd has announced the following Audited results year ended March 31, 2008:

The results for the Year ended March 31, 2008
The Company has posted a net profit of Rs 2004.80 million for the year ended March 31, 2008 as compared to Rs 1268.00 million for the year ended March 31, 2007. Total Income has increased from Rs 233478.80 million for the year ended March 31, 2007 to Rs 264753.90 million for the year ended March 31, 2008.

The Company Posted A Net Profit After Tax - July 1,2008

Ansal Properties & Infrastructure Ltd has announced the following Audited results for the year ended March 31, 2008:
The results for the Year ended March 31, 2008
The Company has posted a net profit after tax of Rs 1615.70 million for the year ended March 31, 2008 as compared to Rs 1319.10 million for the year ended March 31, 2007. Total Income has increased from Rs 7661.40 million for the year ended March 31, 2007 to Rs 8684.40 million for the year ended March 31, 2008.

The Consolidated results are as follows:
The consolidated results for the Year ended March 31, 2008
The Group has posted a net profit after tax of Rs 1735.10 million for the year ended March 31, 2008 as compared to Rs 1321.20 million for the year ended March 31, 2007. Total Income has increased from Rs 8815.60 million for the year ended March 31, 2007 to Rs 10113.60 million for the year ended March 31, 2008.

Consolidated FY 08 Results Announces Shree Precoated - July 1,2008

Shree Precoated Steels Ltd has announced the following Consolidated Audited results for the year ended March 31, 2008:

The consolidated results for the Year ended March 31, 2008
The Group has posted a net profit of Rs 2455.20 million for the year ended March 31, 2008 as compared to Rs 2102.90 million for the year ended March 31, 2007. Total Income has increased from Rs 16787.20 million for the year ended March 31, 2007 to Rs 19641.00 million for the year ended March 31, 2008.