Ansal Properties Q1 net profit rises over three fold to Rs38.8 crore

Ansal Properties & Infrastructure Ltd said its consolidated net profit for the first quarter stood at Rs38.8 crore as compared to Rs10.2 crore in the corresponding quarter last fiscal.

In the June 2010 quarter, its total revenues increased to Rs256.7 crore from Rs143.1 crore, said the company in a filing to Bombay Stock Exchange (BSE).
On Friday, Ansal Properties shares declined 2.1% to Rs91 on the BSE, while the benchmark Sensex ended 0.5% up to 18,167 points.
 

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Patel Engineering Q1 net profit up to Rs40 crore

Patel Engineering Ltd reported a net profit of Rs40 crore for the quarter ended 30 June 2010 as compared to Rs36.3 crore a year ago.

In the June 2010 quarter, its net sales increased to Rs702.3 crore from Rs643 crore.

On Friday, Patel Engineering shares closed 0.5% up to Rs412 on the Bombay Stock Exchange, while the benchmark Sensex ended 0.5% up to 18,167 points.
 

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Subex, IBM India wins multi-million dollar deal from Idea Cellular

Subex Ltd, a provider of operations and business support systems for communications service providers, along with key partner IBM India Pvt Ltd, won a multi-million dollar contract from Idea Cellular Ltd.

Subex and IBM will implement Subex's ROC for interconnect billing for the telecom major. The solution will be implemented through IBM, who is Idea's strategic IT outsourcing partner.

On Friday, Subex shares gained 0.6% to Rs55 on the Bombay Stock Exchange, while the benchmark Sensex ended 0.5% up to 18,167 points.
 

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