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Sesa Goa earmarks Rs 1,500 cr capex for next two years
Vedanta Resource group firm Sesa Goa today said that it will spend about Rs 1,500 crore in its mining business during the next two years to reach the annual production capacity of about 50 million tonnes.

Exporters easy target of stimulus pull-out: Com Secy
With turnaround in exports, the finance ministry is likely to withdraw a string of fiscal stimulus given to exporters to fill in the "budgetary hole", commerce secretary Rahul Khullar said today.

News of the day

Advent eyes chemicals, building sectors
Faces tough competition due to the presence of players such as Blackstone.
Management

MRF Dec quarter net at Rs 119.41 cr

Leading tyre maker MRF today posted a net profit of Rs 119.41 crore for the quarter ended December 31. - Canara Bank Q3 profit zooms 50% to Rs 1,052.58 cr - HPCL net profit at Rs 31.4 crore - BoB net jumps 17.5% - BoB Q3 profit up 18% on strong growth in fee-income - Jyothy Labs Q3 net up 25% at Rs 17 cr - Nalco Q3 profit drops 29% to Rs 155 cr The company had a net loss of Rs 38.30 crore for the same period corresponding fiscal, MRF said in a filing to the Bombay Stock Exchange (BSE). Net sales stood at Rs 1,653.84 crore for the latest quarter while the same was Rs 1,351.30 crore during the corresponding fiscal. Shares of MRF were trading at Rs 5,825 on BSE, up 2.50 per cent from its previous close.


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