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Voltas Q3 net up 73% at Rs 107 cr

2015-02-11 16:17:43| Steel - Topix.net

Tata Group firm Voltas Ltd today posted 73.4 per cent rise in consolidated net profit at Rs 107.37 crore for the third quarter ended December 31, 2014. The company had posted a net profit of Rs 61.92 crore for the same period of previous fiscal.

Tags: net rs cr

Oversubscribed 2 times SAIL disinvestment offer bags Rs 1725 cr

2014-12-05 16:26:45| Steel - Topix.net

The government's plan to raise capital by disinvesting its stake in various public sector undertakings got off to a flying start on Friday, with its offer for sale of 5% stake in public steel sector firm Steel Authority of India Ltd getting oversubscribed by over two times mopping up Revenues from selling shares in state-owned companies is critical to the government's plans to keep the fiscal deficit -- shorthand for the amount of money the government borrows to fund its expenses -- at 4.1% of GDP in 2014-15. A shortfall in revenues may prompt the government to raise indirect taxes -- it has already done it twice in petrol and diesel in the last two months -- hurting prices.

Tags: times offer cr bags

V Balakrishnan, Mohandas Pai top up PE fund by Rs 25 cr to Rs 125 cr

2014-08-09 13:06:16| IT Services - Topix.net

Former Infosys board members TV Mohandas Pai and V Balakrishnan have topped up their private equity fund by Rs 25 crore, taking the total corpus to Rs 125 crore.

Tags: to top rs fund