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Corporate Briefs

Sterlite posts profit

Sterlite Technologies has registered a 75 per cent rise in exports in 2007-08 at Rs 518 crore compared with Rs 296 crore in the previous

ues increased 41 per cent to Rs 1,686 crore from Rs 1,198 crore a year ago. Net profit stood at Rs 101 crore, a 98 per cent rise over Rs 51 crore in the year-ago period.

Aptech growth

Aptech has posted a growth of 18 per cent in its net revenues at Rs 25.78 crore for the quarter ended March 31, 2008 compared with Rs 21.87 crore in the corresponding quarter of the previous fiscal. Its operating profit increased 23 per cent to 4.47 crore against with 3.64 crore in the year-ago period.

Balasore net

Balasore Alloys Ltd has reported a 435.59 per cent jump in net profit at Rs 33.29 crore for the 15 months ended March 31, 2008 compared with Rs 6.21 crore during the corresponding period ending December 31, 2006. Turnover for the period increased 55.53 per cent to Rs 53.08 crore from Rs 34.13 crore during the corresponding 15-month period in 2006.

Nirmal project

Nirmal Lifestyle plans to create 20 townships under the brand name of Lifestyle City in the country. The company has identified five locations, including two in Mumbai and one each in Pune, Indore and Panvel. It plans to develop these five townships in Phase I at an investment of $5 billion.

ICICI scheme

ICICI Prudential AMC has launched ICICI Prudential Focused Equity Fund. The open-ended scheme aims to maximise long-term capital appreciation by investing in equity and equity related securities of about 20 companies. The offer closes on May 7.


PepsiCo India has started collaborative farming in Rajasthan for high quality barley cultivation. The United Breweries group has tied up with PepsiCo India to source high quality barley for their beer brand, ensuring a ready market to the farmers for their produce.

Satyam move

SAP and Satyam Computer Services Ltd have entered into a partnership to help companies improve their return on investment. According to the agreement, Satyam has become a SAP global services partner to help Fortune 1000 firms implement SAP solutions and transform business processes.

Galla Foods

Galla Foods has launched Galla Thick Mango, a fruit beverage . The product is available in 200 ml and 400 ml packs. The products will be available in Hyderabad and will be marketed in the rest of Andhra Pradesh, Tamil Nadu and Karnataka in the next few months.

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