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IOC Q3 profit plunges 76% to Rs 697 cr
Indian Oil Corporation (IOC), the country"s largest refiner, today reported a steep decline of 76.45 per cent in net profit at Rs 696.59 crore for the third quarter ended December.

Mukesh Ambani ranked 5th best CEO in the world
Mukesh Ambani, India’s richest man and chairman of the country’s largest private sector company, Reliance Industries, has been ranked the fifth-best CEO in the world by Harvard Business Review.

News of the day

Search engine poisoning poses threat to smaller units
After contaminating the search results on major search engines such as Google and Bing, search engine optimisation (SEO) poisoning is set to pose a threat to small and medium enterprises (SMEs).
Corporate

Wanbury's Q1 PAT up 5.62 times at Rs 9.5 cr

Pharma major, Wanbury"s net profit has grown 5.62 times at Rs 9.48 crore in Q1FY10 as against Rs 1.43 crore in the year-ago period. - Glenmark recovers partial losses - Suven Life presents Alzheimer's drug data in Austria meet - Sanofi Pasteur buys majority stake in Shantha Bio - Granules Q1 net up 129% at Rs 6 cr - Govt hints nexus between private, state-owned vaccine units - Fakes make up 20-25% of Rs 85,000 cr pharma sales Its net sales at Rs 83.74 crore in the reporting quarter rose 25.6 per cent as against Rs 66.66 crore in the year-ago period, a press release issued here today said. EBITDA margin for Q1FY10 was at 19.60 per cent as against 16.40 per cent in Q1FY09. Wanbury has registered a compounded annual growth rate of 68 per cent over the last 6-years and has a strong presence in domestic formulations, active pharmaceutical ingredients and contract research and manufacturing services (CRAMS), the release said.


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