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Grasim Industries Q2 net up 80 pc to Rs 338 crore

Mumbai, Oct 18 (UNI) Grasim Industries Ltd has posted a net profit of Rs 337.84 crore for the quarter ended September 30, 2006 as compared to Rs 187.65 crore for the quarter ended September 30, 2005, an increase of 80.03 per cent.

Announcing the results, the company said its total income has increased from Rs 1680.04 crore for the quarter ended September 30, 2005 to Rs 2061.04 crore for the quarter ended September 30, 2006.

As per the Consolidated results, the Group has posted a net profit (after minority's share) of Rs 418.33 crore for the quarter ended September 30, 2006 as compared to Rs 200.42 crore for the quarter ended September 30, 2005. Total Income has increased from Rs 2388.13 crore for the quarter ended September 30, 2005 to Rs 3237.24 crore for the quarter ended September 30, 2006.

UNI SN PM VKG1628

Call rates trade high at range of 6.50-6.70 pc level, bonds subdued

Mumbai,Oct 18 (UNI) Call rates ended at 6.75-6.85 per cent (pc), against their previous close of 6.65-6.75 pc, having touched 6.90-7.00% levels during the day, money lender said. Higher demand for funds prompted the overnight funding costs to stay higher throughout the session. Concerns sustained over the dwindling state of liquidity in the system. At the LAF window, RBI accepted 9 bids worth Rs. 1,165 crore at the 1-day reverse repo auction.....

MCX joins FIA as member

Mumbai Oct 18 (UNI) MCX (Multi Commodity Exchange of India Ltd) became the first commodity exchange in India to join the elite club of global exchanges by becoming a member of the Futures Industry Association (FIA). Headquartered in Washington D.C., FIA is the only international association with large representative of organisations that have an interest in the futures market. The elite group of FIA members includes benchmark exchanges and clearing organizations such as.....

Hindalco Q2 net jumps 90.43 pc to Rs 597 cr

Mumbai, Oct 18 (UNI) Hindalco Industries Ltd has posted a net profit of Rs 597.6 crore for the quarter ended September 30, 2006, as compared to Rs 313.8 crore for the quarter ended September 30, 2005, an increase of 90.43 per cent. Announcing the results, the company said its total income has increased from Rs 2,752.1 crore for the quarter ended September 30, 2005, to Rs 4,745.0 crore for the quarter ended September 30, 2006......
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