M&M net up 77%
Mumbai, Feb. 9: Mahindra & Mahindra (M&M) has posted an over 77 per cent rise in net profit for the third quarter ended December at Rs 734.68 crore against 413.7 crore in the corresponding period last year. Gross revenues and other income of the company rose 35.8 per cent to 6,684 crore from Rs 4,920.3 crore a year ago.
New Delhi, Feb. 9: The Comptroller and Auditor General (CAG) has found discrepancies in Air India’s accounts, which show that the airline under-reported its losses in 2009-10 by over Rs 3,000 crore. According to the report, the loss should have been Rs 8,589.1 crore instead of Rs 5,551 crore as has been shown in the account books.
New Delhi, Feb. 9: Coal India Ltd may buy up to a 15 per cent stake in US-based Peabody Energy Corp’s Australian assets early next fiscal for an estimated $100 million (about Rs 450 crore).
London, Feb. 9: The London Stock Exchange will buy the owner of the Toronto Stock Exchange in an all-share deal to create a major centre for trading in mining shares if likely political opposition in Canada can be overcome.
Calcutta, Feb. 9: West Bengal Power Development Corporation Ltd (WBPDCL) has recorded the highest monthly generation at 2,032.13 million units in January with 75.67 per cent plant load factor.