Corporate

Tata Steel net dips 50% to Rs 903 cr

Tata Steel"s net profit dipped 49.4 per cent to Rs 902.94 crore in the second quarter of 2009 compared to Rs 1787.81 crore in the quarter ended September 30, 2008. Its total income plunged 18.23 per cent from Rs 7054.33 crore for the quarter ended September 30, 2008 to Rs 5768.16 crore for the quarter ended September 30, 2009. - GMR Infra net dips 40%; to raise Rs 1,000 cr - United Spirits Q2 net down 25% at Rs 69 cr - Wipro Q2 consolidated net up 19% at Rs 1,161 cr - Idea Cellular Q2 net profit at Rs 220 crore - Sona Koyo Steering Q2 net at Rs 3.71 crore - Dabur net up 31%; declares 75% interim dividend Tata Steel recently issued GDRs ( Global Depository Rceipts) worth $500 mn at a price of $ 7.64 per GDR. It also entered into an agreement with MMTC ( Mineral and Metals Trading Corporation) to establish a 74:26 joint venture for acquiring, development and operation of mines and processing of minerals and metals.

Add your comment:

Name:
Site address:	http://
Your message:
Enter today\\\\'s date, 2 digits (spam protection):