Eldeco Housing FY10-11 net profit increases to Rs7.66 crore

Eldeco Housing and Industries Ltd said its net profit for the financial year 2010-11 increased to Rs7.66 crore from Rs6.66 crore last fiscal.

During the current fiscal, its revenues declined to Rs47.78 crore from Rs102.78 crore in the last fiscal, said the company in a filing to Bombay Stock Exchange (BSE).

On Thursday, Eldeco Housing shares ended 1.24% down to Rs227 on BSE, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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Abhishek Industries strengthens operations in US market

Abhishek Industries Ltd said it has received the Forest Stewardship Council's (FSC) Chain of Custody certificate for its responsible sourcing of pulpwood fibre.
AIL is a major wheat straw based paper manufacturer and is known for its eco-friendly paper. The company already has formidable presence in the US market in its textile business and this recognition will enable it to foray into the US paper market.

For Abhishek Industries the recognition of FSC certification comes as an encouragement towards its sustainable initiatives towards conservation of environment.

A reputed non profit organisation, FSC is widely regarded as the most respected certification for responsible fibre sourcing around the world.

On Thursday, Abhishek Industries shares gained 4.74% to Rs18 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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NIIT and Tally enter strategic global alliance

NIIT Ltd, IT trainer, and Tally Solutions (P) Ltd, a business management software product company, have entered a global alliance to develop comprehensive business software professionals with expertise in Tally.ERP 9 product.

Besides India, this global alliance will cover international geographies such as the Middle East, Africa, China and Asia-Pacific in a progressive manner, thus making available talent to power the growth of small & medium business (SMB) enterprises, in these geographies.

The programs offered by NIIT and Tally will cater to the requirement of trained business software professionals for the SMB sector. The programs include training on the latest Tally.ERP 9 software, business processes and soft skills.
On Thursday, NIIT shares ended 1.12% up to Rs67 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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