Popular Articles

Sebi well within rights to act against RIL: MCA
The government has said that the Securities and Exchange Board of India (Sebi) was empowered to take action against Reliance Industries (RIL) if a probe established irregularities in share allotment by the company in 2000, and wanted to know what exactly the market regulator expected from it.

Govt to set up two regional directorates of companies
The government will set up two regional directorates to assist companies in the north western and north eastern regions, Parliament was informed today.

News of the day

Asian markets end flat; Hang Seng up 1%
The Asian markets ended on a mixed note. The Hang Seng advanced 218 points or 1% to 21,678. The Nikkei declined 91 points or 1% to 10,764.
International Business

Unitech net climbs 29%

Unitech Ltd, the country’s second-largest developer, posted a 29 per cent increase in its net profit for the December quarter, on the back of improved home bookings. Unitech registered a consolidated net profit of Rs 176 crore in the quarter, compared to Rs 136 crore in the corresponding quarter the previous year. - Unitech reports 29% profit at Rs 176 cr - Revival in capital inflows gathers momentum - CanBank aims to up home loan portfolio - DLF Q3 net debt rises to Rs 12,830 cr on biz consolidation - Unitech project in deeper uncertainty - DLF exits venture with Prudential Financial The company’s net sales were up 57 per cent to Rs 774.46 crore in the quarter, against Rs 491.24 crore in the quarter last year. The company has booked properties of around 3 million square feet in the December quarter alone, compared to 3 million sq ft in the whole of 2008-09.


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