Network 18 Group’s consolidated revenues for 2010-11 at Rs1,484 crore

Group delivers EBITDA operating profit of Rs48 crore, compared to an operational loss of Rs61 crore last year

Consolidated revenues for 2010-11 stood at Rs1,484 crore (up 21%), compared to 2009-10 (adjusted for the sale of Infomedia’s BPO unit). The Group’s television business reported revenues of Rs1,110 crore, a growth of 23% over last year—the operating (EBITDA) profit stood at Rs135 crore, from Rs15 crore last year. The television business was supported by good growth from business news operations and the Group’s entertainment business. Newswire18 delivered a profitable FY2011, with 29% revenue growth (Rs39 crore in FY2011; Rs33 crore in FY2010).

User

Nissan Copper records Rs12.54 crore profit in FY 2011

Nissan Copper is a manufacturer of semi-finished copper products; it has extended its production into manufacturing copper ingots, coils, bus bars, strips, sections, profiles, flats, billets, bars, rods, tubes and pipes

Nissan Copper Limited, one of India’s leading players in the secondary copper segment in Maharashtra, Gujarat and the eastern region of India, has announced its financial results.

Nissan Copper reported a net profit of Rs5.43 crore in the quarter ended March 2011 as against net profit of Rs2.38 crore during the previous quarter ended March 2010. Sales rose by 58.90% to Rs108.08 crore in the quarter ended March 2011 as against Rs68.02 crore during the previous quarter ended March 2010.

For the audited full year, the company reported net profit of Rs¬¬¬12.54 crore in the year ended March 2011 as against net profit of Rs9.13 crore during the previous year ended March 2010. Sales rose by 58.40% to Rs299.06 crore in the year ended March 2011 as against Rs188.79 crore during the previous year ended March 2010.

Nissan Copper is a manufacturer of semi-finished copper products. It has extended its production into manufacturing copper ingots, coils, bus bars, strips, sections, profiles, flats, billets, bars, rods, tubes and pipes being used in diverse sectors. At 13.23 hours, the scrip was trading up 1.13% at Rs2.69, while the benchmark Sensex was 2.75 points down at 18,263.35.

User

Karim Morani refused bail in 2G case; remanded in judicial custody

The Cineyug Films director is accused of taking Rs6 crore to facilitate the payment of Rs200 crore by DB Realty to Kalaignar TV

New Delhi: Cineyug Films director Karim Morani, an accused in the 2G spectrum case, was today arrested and remanded in judicial custody after a Delhi court rejected his bail plea.

Special CBI Judge OP Saini rejected the bail plea of Mr Morani, who is charged with facilitating the transaction of Rs200 crore from DB Realty to Kalaignar TV, in which DMK member of parliament Ms Kanimozhi holds 20% stake.

The CBI had alleged that Mr Morani took Rs6 crore to facilitate the Rs200-crore transaction, PTI reports.

The court did not accept the plea of the accused that he was entitled for bail as he was not arrested during the investigation of the case.

Mr Morani had filed his regular bail plea on 24th May after the special court had denied him anticipatory bail and directed him to appear before the court.

In its second charge-sheet in the 2G case, the CBI had alleged that Swan Telecom and Dynamix Realty promoters Shahid Usman Balwa and Vinod Goenka channelled Rs200 crore to Kalaignar TV through Kusegaon Fruits and Vegetables Pvt Ltd and Mr Morani's Cineyug Films.

The court had dismissed Mr Morani's anticipatory bail plea that cited medical grounds, saying that according to reports received from the department of Cardiology and Neurosurgery of Mumbai's JJ Hospital on 19th May, his condition is "stable and normal''.

Opposing the bail plea, the CBI said all other accused involved in the Rs200-crore transaction, from DB Realty to Kalaignar TV, are already in judicial custody.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)