Cement major ACC on Thursday reported a drop in net profits for the quarter ended March 31 and attributed the under performance to non-availability of railway wagons.
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India's merchandise exports grew for the fifth consecutive month in March at a healthy 54 percent to USD 19.9 billion, but for the fiscal year (2009-10) as a whole the value of shipments fell 4.7 percent due to the global economic crisis, Commerce Minister Anand Sharma said Thursday.
India's auto major Tata Motors sold 101,712 vehicles globally in March 2010, registering a growth of 39 percent over the corresponding month last year, a report stated in Mumbai on Thursday.
Six key sectors of the economy registered a growth of 7.2 percent in March compared to 3.3 percent growth during the corresponding period of the previous year, showed provisional data released Tuesday.
Industrial output rose by an impressive 13.5 percent in March, despite the withdrawal of fiscal stimuli packages and the tightening of monetary policy, taking the overall expansion for the previous fiscal to 10.4 percent.
Company's flagship smart watch will go on sale in the US in March, according to reports. New reports claim that the much-anticipated Apple Watch will go on sale in March. Apple has previously hinted at a release date in early 2015, but according to 9to5mac the device will be rolled out across the US in March.
KARACHI: Workers remittances have surged by 21.45% to about $ 9,736 billion in the first nine months (July 2011 -March 2012) of the current fiscal year 2011-12.
According to SBP here Tuesday, remittances jumped by $ 1,719.38 million when compared with $ 8,016.18 million received during the same period of the last fiscal year (July- March 2011).
For treasure gatherers and having black money in stock, the carpet under feet would surely be slipped as the Reserve Bank of India (RBI) has dispatched a notice urging people to return the banknotes those have been issued by the bank before 2005. The notice declaring the last date to deposit the currency would last till March 31. During this period, deposited currency could be replaced with the new ones. This healthy initiative of the supreme banking identity, i.e. RBI, would draw out black money and fake currency that is in circulation. As per directions of the central bank, this regime would begin from April 1 so that the public can be enabled to exchange the old currency.
Driven primarily by higher food prices, nation's annual rate of inflation, based on the wholesale prices index, went up marginally to 9.9 percent in March from 9.89 percent a month ago, official data showed Thursday.
The Oriental Bank of Commerce Thursday said its net profit rose 75.33 percent to Rs.317.04 crore in the fourth (January-March) quarter ended March 31, compared to Rs.180.82 crore in the same period a year ago.
Cigarettes-to-hotels major ITC Ltd posted a net profit after tax of Rs.1,028.22 crore for the quarter ended March 31, 2010 as compared to Rs.808.99 crore for the quarter ended March 31, 2009 -- up by 27.1 percent.
The US economy added 162,000 jobs in March, the most since the start of a recession more than two years ago, but the unemployment rate held steady at 9.7 percent, the Labour Department said on day.
Mahindra & Mahindra Ltd. posted a record 20 percent growth in March by selling 31,698 vehicles compared to 26,360 units same month a year ago, the automaker said on Thursday.
Major US carmakers posted strong sales figures in March, while demand for troubled Toyota also surged as all manufacturers offered massive incentives designed to lure new buyers back to dealerships in a topsy-turvy market.
Passenger car sales in India rose 20.08 percent in March to 155,600 units compared to 129,585 units a year ago, data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday showed.