ITC Q4 net profit up at Rs8 billion despite lower revenues
India's diversified company ITC Ltd reported a higher fourth quarter net profit but its total revenues were down.

For the quarter to end-March, the tobacco to IT company, reported a net profit of Rs8.08 billion from Rs7.35 billion even as total revenues, including sales, declined to Rs39.8 billion from Rs40.1 billion, compared with a year ago period.

ITC said for the year to...

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    GMR Infrastructure Ltd (GMR Infra) said its parent GMR Group bought Singapore-based private electric utility Island Power Project from power producer InterGen NV.

    The company did not divulge financial details but said the project would bring about $1.5 billion as foreign direct investment (FDI) in to Singapore.

    In a filing to the Bombay Stock Exchange, the infrastructure company...

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  • Bajaj Auto Q4 net profit up 8%; FY sales down 11%
    Bajaj Auto Ltd, India's second largest two-wheeler maker reported a 8% higher net profit in the fourth quarter to end-March despite a fall in revenues, including sales.

    In a filing to the Bombay Stock Exchange, Bajaj Auto said for the fourth quarter to end-March, its net profit increased to Rs1.30 billion from Rs1.20 billion while total revenues, including sales, fell to Rs19.06...

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