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India Inc's staff cost grew slower in Q4 of last fiscal
India Inc"s staff cost went up by 11.2 per cent during January-March last fiscal growing at a lesser pace than the previous three quarters of 2008-09, reflecting the economic slowdown, according to a Reserve Bank of India (RBI) study.

Aviva to roll out four insurance plans by '09-10
Aviva Life Insurance Company Limited, one of India"s leading life insurance companies, plans to come out with 3-4 new insurance products including a new Children"s insurance plan before the end of the current financial year.

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All is Greenberg
Enough has been written about last year’s collapse of insurance giant AIG after it had to make good all the insurance it sold against corporate bond defaults and the fact that the US government bailout happened to help Goldman Sachs, the firm that US Treasury Secretary Hank Paulson once ran. Much less, however, is known about the company’s origins (it was the first reverse MNC, with its headquarters in China), of how it had such tremendous clout it could even threaten governments with US sanctions, or of how in the second World War it allowed US intelligence agency officials to masquerade as journalists of one of the newspapers it owned and collect information against the Japanese.
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SKNL Q3 net profit up 74% to Rs 81 cr

Textile and apparel group SKNL today reported 74.6 per cent jump in its net profit to Rs 80.7 crore for the third quarter ended December 31, 2009, compared to the same period last fiscal on the back of robust growth in its domestic business. - Bank of Maharashtra net down 7% - Pyramid Saimira Q3 loss at Rs 4 cr - Suzlon on a comeback trail - Pantaloon same-store sales in lifestyle segment up 11% - Leyland sees 450% surge in net profit - Gammon India Q3 PAT at Rs 21 cr The company had registered a net profit of Rs 46.28 crore in the third quarter last fiscal year, SKNL said in a statement. During the third quarter this fiscal, the company"s net sales doubled to Rs 1,210.4 crore over the corresponding period previous financial year. "The quantum jump in sales is on account of 54 per cent growth in the domestic business and consolidation of sales of international companies namely Hartmarx, USA and Leggiuno, Italy," the company said in a statement. Last year, SKNL had acquired US-based clothing group Hartmarx Corporation for a total transaction value of approximately $119 million. "While continued growth and strong earning results from our domestic business is apparent, what is more interesting is the continued ascent of our international businesses," SKNL Managing Director and Vice Chairman Nitin S Kasliwal said.


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