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DLF Pramerica Life shareholders committed to venture: Mehta
Private sector life insurer DLF Pramerica, promoted by realty firm DLF and US-based Prudential Financial, today said the two shareholders were committed to the venture, repudiating reports that the Indian partner was mulling over a possible exit.

Steel consumption up by 8.1% in Apr-Nov
India"s steel consumption rose by 8.1 per cent to 35.97 million tonnes in the April-November period of this fiscal over the same period a year ago on improved demand from automobile and consumer durables sector.

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Ricky Ponting quits T20
Australia captain Ricky Ponting quit Twenty20 Internationals today, hoping the decision would prolong his career in other formats of the game.
Home Business

GVK Power Q3 net zooms two fold to Rs 46 cr

GVK Power & Infrastructure today said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal. - Ackruti City Q3 net jumps four fold to Rs 77 cr - J-K Bank Q3 net rises 19% to Rs 139 cr - Kalpataru Power Q3 net up 121% at Rs 44 cr - Man Ind"s Q3 net profit up ten-fold at Rs 30.92 cr - Alok Ind Q3 net profit up 16.5% at Rs 58 crore - PTC Q3 net dips 33% to Rs 15 cr Net sales of the company increased to Rs 473.50 crore for the latest quarter against Rs 104.34 crore for the same period last fiscal, GVK Power & Infrastructure said in a filing to the Bombay Stock Exchange (BSE). For the nine months ended December 31, 2009, the company posted a net profit of Rs 122.76 crore against Rs 93.31 crore for the same period last fiscal. On standalone basis the company reported net profit of Rs 6.58 crore against Rs 3.30 crore for the same period a year ago.


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