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Indiabulls Financial reduces Suzlon stake to 0.06%
Wind power major Suzlon Energy today said financial services major Indiabulls Financial Services has reduced stake in the company to 0.6 per cent, by way of releasing pledged shares.

Bajaj Electricals Q1 net up 64% at Rs 16 cr
A better product mix, easing of cost pressures and better procurement helped consumer electronics and lightings manufacturer, Bajaj Electricals register a consolidated net profit increase of 64 per cent per cent for the quarter ended June 30, 2009, to Rs 16.4 crore, compared with Rs 10 crore in the corresponding quarter of the previous financial year.

News of the day

Plagued by fertiliser paucity, Uttar Pradesh potato farmers turn to oilseeds
Thousands of potato farmers in the potato belt of Uttar Pradesh have been forced to give up their traditional crop, owing to enormous fertiliser and Di-Ammonium Phosphate (DAP) shortage, expensive seeds and irrigation problems this season. The potato prices had risen to giddy heights of Rs 1,800 per quintal during the sowing season, forcing the small and marginal peasants to search for alternative crops, being unable to afford such pricey seeds.
Corporate

Voltas FY'09 net up 21% at Rs 251.40 cr

Tata group company Voltas today said its net profit for the year ended March 31, 2009, rose by 21 per cent to Rs 251.40 crore, over the same period last year. - Tatas to start e-mall in two months - No plans to sell Teeside plant in UK, says Tata Steel - Tata AIG Life appoints Suresh Mahalingam as Managing Director - UK govt ready to guarantee loans for Tatas" JLR biz - Corus management, Teesside plant union to form "all-party" group - Rallis Dahej unit to start commercial production by June 2010 The company had a net profit of Rs 207.80 crore March quarter of 2008, Voltas said in a filing to the Bombay Stock Exchange. Total income of the company rose to Rs 4,361.72 crore for the year ended March 2009, from Rs 3,215.45 crore for the same period ended March 2008. The board of directors of the company has approved a dividend of Rs 1.60 a piece for the year 2008-09. In another filing on the BSE, the company has bagged two orders worth Rs 300 crore from Kolkata"s Netaji Subhas Chandra Bose International (NSCBI) Airport and Chennai International Airport for electro-mechanical projects. The scope of work includes internal electrification, plumbing and drainage system works to be completed in 2 years months and 1 year nine months respectively, it added. Shares of Voltas settled at Rs 98.05, up 5.37 per cent on the BSE.


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