Printing Profits

Tamil Nadu Newsprint and Papers Ltd (TNPL), established by the government of Tamil Nadu, is one of the most efficient newsprint producers using bagasse, a sugarcane residue, as the principal raw material. Over the years, TNPL has expanded capacity which today stands at 245,000 tonnes a year. Thanks to a rising demand for newsprint and other paper in India and since many international...

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Turning Point? (Market Trend - 7 May 2009)

The Standard & Poor’s 500 Index has recorded its best monthly advance in decades. Markets from Russia to India and from Brazil to London are in the grip of a huge upsurge that has confounded doomsayers. Is this the beginning of a new bull market? Here are two articles that shed light. The first one is an analysis of price pattern of the Sensex by Mehrab Irani and the second is a...

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SBI Q4 net profit zooms 46%; declares FY dividend of 290%

State Bank of India, the country's largest lender reported 46 percent jump in fourth quarter net profit on higher interest revenues and operating income.

For the quarter to end-March, SBI reported a net profit of Rs27.42 billion from Rs18.83 billion as revenues increased to Rs220.61 billion from Rs163.94 billion a year ago.

SBI posted a full year net profit of Rs91.21 billion...

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