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Fuel retailers for freeing petrol, diesel prices
Reliance Industries (RIL) and Essar Oil were today joined by state-run Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) in criticising the government"s "hotchpotch" fuel pricing policy which they alleged had ruined public sector firms and state finances, and demanded freeing of petrol and diesel prices immediately.

Nalco, NPCIL ink pact for nuke power generation
The aluminium major National Aluminium Company Limited (Nalco) and the state owned Nuclear Power Corporation of India Limited (NPCIL) have signed a memorandum of understanding (MoU) for collaboration with each other for setting up nuclear power plants in the country.

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TCS third quarter net up 33.9%
India’s largest IT services provider, Tata Consultancy Services, beat market expectations to post a 33.9 per cent jump in its net profit at Rs 1,824 crore for the quarter ended December 31, 2009 as compared to the same period a year ago. Its revenue, too, jumped 5.1 per cent on strong volumes of 6.6 per cent to touch Rs 7,649 crore year-on-year.
Small Business

Apollo Hospitals Q3 net up 48% at Rs 44 cr

Apollo Hospitals today reported a 48.6 per cent increase in its net profit at Rs 43.91 crore for the quarter ended on December 31, 2009, as compared to the similar period last fiscal. - J&K Bank Q3 net up 16% to Rs 140 cr - Cairn India Q3 net up 23% to Rs 291 cr - BPCL Q3 profit declines 52% to Rs 379 cr - Central Bank Q3 dips 13% to Rs 306 cr - Bank of India Q3 net dips 53% to Rs 405 cr - Marico Q3 net up 22% at Rs 62 cr The company had reported a net profit of Rs 33.55 crore in the quarter ended on December 31, 2009, the company said in a filing to Bombay Stock Exchange (BSE). During the third quarter of the current fiscal, Apollo Hospitals" total income grew by 28 per cent to Rs 480.87 crore as compared to Rs 373 crore in the corresponding period last fiscal, the filing said. The company"s healthcare business in the quarter under consideration has contributed around Rs 348.15 crore, a growth of 21 per cent as compared to Rs 287.50 crore in the corresponding period last fiscal. Apollo"s Pharmacy business reported a sale of Rs 132.86 crore, while in the comparable period it has reported a sale of Rs 85.54 crore.


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