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UP announces incentives for IT/BPO, realty
To lure the Business Process Outsourcing and IT/ITeS industry, the Mayawati government in Uttar Pradesh has showered various sops. The realty sector, too, has been blessed with many relaxations.

US workers optimistic about their firms: survey
American professionals have high degree of confidence in the companies they are employed with as a majority of them have an optimistic outlook for their firms, a recent survey says.

News of the day

Gopalpur port expansion hits green hurdle
The Rs 950-crore second phase expansion plan of the Gopalpur port is likely to be delayed by a year as the project is yet to get the environmental clearance from the Union Ministry of Environment and Forest (MoEF).
Home Business

Patni, PTC & UTV Q1 result

Patni net up 14 per cent Higher other income, positive currency movement and enhanced focus on operating discipline aided Patni Computer Systems to post a net income (India GAAP) of Rs 135.9 crore for the quarter ended June 30, an increase of 14 per cent from Rs 119 crore clocked in the corresponding quarter last year. Revenue, at Rs 779.6 crore, dropped marginally by 1.6 per cent from Rs 767.3 crore last year. Banks not ready to withdraw prepayment penalty on foreclosure PTC Q1 net up 77 per cent PTC India Ltd, the country’s largest power trading firm, has had a 76.8 per cent rise in net profit for the quarter ended June 30, owing to increased trading volume and higher treasury income. The net profit is Rs 33.3 crore for the quarter, compared with Rs 18.8 crore in the corresponding quarter last year. UTV Q1 loss at Rs 23.33 crore Affected by the two-month Bollywood-multiplex strike in April and May, in which no new films were released in theatres, the Mumbai-based media and film company UTV Software Communications posted a net loss of Rs 23.33 crore for the quarter ended June 30. In the same quarter year ago period, the company had posted a net profit of Rs 19.88 crore. Total revenue for UTV Software stood at Rs 115.36 crore for the quarter, down by around 16 per cent from Rs 137.07 crore last year.


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