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Unitech net profit falls 22% in Q4
Unitech Ltd, the country’s second-largest property developer, reported a decline of 22 per cent in its consolidated net profit for the quarter ended March 31 to Rs 279.7 crore, compared with Rs 360.2 crore for the corresponding period last year. Net profit for the full year 2008-09 also fell 28 per cent at Rs 1,197.7 crore, compared with Rs 1,661.9 crore for the corresponding period last year. Revenue for the year came down 23 per cent, to Rs 3315.6 crore, as compared with Rs 4,280.1 crore for the corresponding period last year.

Poor economy not an excuse for layoffs: Murthy
Poor economy should not be an excuse for laying off people especially in recession when it becomes inevitable for the corporate world, Infosys mentor N R Narayana Murthy said here today.

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Kingfisher returns 19 leased aircraft in 10 months
Owing to mounting losses, Vijay Mallya-owned Kingfisher Airlines has returned 19 leased aircraft to lessors in the past 10 months.
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Cong MP escapes from hospital; police searching for him

Police are on the lookout for Congress MP L Rajagopal, who escaped from a city hospital where he was admitted after being brought from a hunger strike site over the Telangana issue. - Centre may make statement on Telangana next week: Purandeswari - Telangana turns New Year cold - Police arrest 161 people in Andhra - LS adjourned sine die, a day ahead of schedule - LS adjourned during Question Hour over Telangana - Telangana issue: BJP to launch mass contact prog The Vijayawada MP last night walked out of the hospital room and got into a waiting car as hundreds of Congress workers mobbed the 300-odd police personnel and facilitated his exit from the hospital. Rajagopal, who was in the Government General Hospital for three days, was insistent that he be admitted to the NIMS Hospital in Hyderabad, police said. The MP has been on an indefinite hunger strike for the last nine days in protest against the proposed bifurcation of Andhra Pradesh. He was forcibly evicted from the camp four days ago and shifted to the hospital. He had refused to take any medical help though doctors said his condition was deteriorating. State Human Rights Commission had directed that he be shifted to NIMS immediately. However, the state government did not comply with the SHRC order as it feared that his admission to NIMS might cause a law and order problem in the state capital in the wake of protests by Telangana supporters. Krishna district administration wanted to shift the MP to NRI Hospital at Mangalagiri, 15 kms away from here, sources said.


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