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Wednesday, January 29, 2014


TOP CORPORATE NEWS

·        Crompton Greaves gains post Q3 result

Crompton Greaves is higher by 4% after consolidated net profit at Rs 62 crore for the third quarter ended December 31, 2013 (Q3), on back of higher sales. The company had recorded loss of Rs 189 crore in the same quarter year ago.

·         Tata Global Beverages Q3 net profit at Rs1195.50 mn

Tata Global Beverages Ltd has posted a consolidated net profit of Rs. 1195.50 mn for the quarter ended December 31, 2013 as compared to Rs. 802.60 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 19286.60 mn for the quarter ended December 31, 2012 to Rs. 20956.90 mn for the quarter ended December 31, 2013

·        Titan tumbles after weak Q3 earnings

Titan Company lost 5.01% as net profit declined 18.8% to Rs 165.57 crore on 11.12% decline in total income to Rs 2701.84 crore in Q3 December 2013 over Q3 December 2012.

·        HDFC puts Hirco's Chennai township on block

HDFC has put Hirco Plc's township at Chennai on block to recover its dues of 539.86 crore. Reserve price for the property is spread over 158 acres in Kancheepuram on the outskirts of Chennai. The e-auction for the property will be conducted on March 3, 2014.

·        Havells Q3 net up 28% to Rs 121.47 cr


Havells India reported a 28.32 percent increase in its standalone net profit to Rs 121.47 crore for the third quarter ended December 31, 2013. The company had posted a standalone net profit of Rs 94.66crore for the same period of the previous fiscal.

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