BEML's Q4 FY 06 net profit slips

Monday, May 1, 2006, 22:47 [IST]

Mumbai, Apr 29 (UNI) Bharat Earth Movers Limited (BEML) has registered a fall in its net profit at Rs 86.12 crore in Q4 FY 06 as against Rs 126.33 crore in Q4 FY 05, the company informed the BSE today.

Its total income, net of excise, has, however, increased from Rs 754.14 crore in Q4 FY 04-05 to Rs 836.58 crore in Q4 FY 06.

For FY 06, BEML's net profit stands at Rs 183.39 crore as compared to Rs 175.28 crore in FY 05. Its total income, net of excise, has also increased from Rs 1,791.57 crore in FY 05 to Rs 2,123.72 crore in FY 06, stated the company.

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AP achieves 51 per cent growth rate in IT exports

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Andhra Pradesh has retained the highest growth rate among the states in the country, achieving more than 51 per cent growth over last year's exports, state IT secretary Ms K Ratna Prabha said today. Addressing the press here, Mr Ratna said the state has achieved 51 per cent growth rate against a national average growth rate of 36 per cent. The exports of the IT industry from the state was Rs 12,521.....

STPIs at Kakinada : Official

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Andhra Pradesh IT secretary Ms Ratna Prabha today said new Software Technology Parks of India (STPI) would be set up at Kakinada, apart from the existing five STPI locations in the state. Talking to newspersons here, Mr Ratna said the Centre has approved starting STPI operations at Kakinada from this year which had the market opportunity and availability of human resources. Suitable space has already been identified to actively launch IT.....

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Lanco Institutes awards to honour models

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) LANCO group, a Hyderabad-headquartered leading corporate business house, today instituted LANCO awards to honourable models, who make a difference and inspire others to replicate their successes. After formally instituting the awards at Hyderabad today, the Congress MP from Vijayawada , L Rajagopal, who is also the Chairman of LANCO Institute of General Humanitarian Trust (LIGHT), said that these National Awards would be presented every year ''to individuals or institutions working with.....

Virinchi Technologies record 40 per cent growth in 2005-06

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Virinchi Technologies, an IT products and Service provider, today said the total revenue, its Fourth Quarter of the financial year 2005, stood at Rs 6.76 crore as against Rs 54.8 crore in the fourth quarter of financial year 2004-05, showing a growth of 23.35 per cent. The net profit for the fourth quarter 2005-06 which stood at Rs 22.69 crore as against Rs 19.28 crore for the period last year, recording a.....

Suven Life Sciences to file IND on Alzheimer disease

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Suven Life Sciences, a Hyderabad-based Life Sciences company, today said that it is in final phases of filing its first Investigational New Drug (IND) application with USFDA during this year in the therapeutic area of CNS focusing on Alzheimer's disease. During the year, Suven spent 20 per cent of its revenue on R.....